Latest Polygon News

Verida, a pioneering project in the realm of data privacy, has recently announced several exciting developments that mark significant milestones for the company. The highlight of these updates is the launch of the Verida Vault Alpha, a secure platform that empowers users to manage their personal data across various applications, including Google and Telegram. This innovative solution not only prioritizes user privacy but also opens up opportunities for developers through newly released APIs, allowing them to create AI agents and data DAOs on Verida's secure infrastructure. The Verida Vault aims to ensure that users maintain control over their data while leveraging privacy-first AI technologies. In addition to the launch of the Verida Vault, the company has garnered recognition as a finalist for the $POL Rush competition organized by the Polygon Network. As one of the top ten projects, Verida will be pitching at an upcoming event in Bangkok during Devcon, showcasing its commitment to providing a private data storage solution that supports Personal and Private AI. The community is encouraged to participate in the Community Choice Awards, as their votes could significantly impact Verida's visibility and success in the competition. Verida is also proud to announce its nomination for the Finder Innovation Awards in Australia, further emphasizing the innovative work being done by the team in the Web3 space. As the company prepares for its participation in Devcon, it is launching a whitelist for Verida AI, granting early access to developers focused on user data privacy. This initiative represents a unique opportunity for builders to explore Verida's capabilities and contribute to the evolution of Personal and Private AI. With these developments, Verida is paving the way for a future where individuals can fully control and benefit from their data, and the team is excited to continue this journey with the community's support.

Verida has been recognized as a finalist in the Digital Assets & Web3 Innovation category of the 2024 Finder Innovation Awards, highlighting its groundbreaking efforts in decentralized data storage. The Finder Innovation Awards aim to honor brands and organizations that enhance user experiences, and Verida's focus on privacy and data protection aligns perfectly with the core values of the cryptocurrency and Web3 sectors. By offering private, encrypted data storage that complies with regulations like GDPR and CCPA, Verida empowers users to manage sensitive information without exposing personally identifiable information on the blockchain. As artificial intelligence continues to evolve, concerns about the misuse of sensitive user data are growing. Verida addresses these issues by allowing users to withdraw their private data from major online platforms, thereby preventing it from being utilized in AI training models. This innovative approach enables users to create and control their own 'digital twins', ensuring that they can manage what data is shared with AI systems. Furthermore, Verida's global, region-aware design provides users with the flexibility to choose their data storage locations, making it a scalable solution for the Web3 market both locally and internationally. In addition to its data storage capabilities, Verida has launched the Verida Wallet, the first mobile crypto wallet to incorporate Polygon ID zero-knowledge credentials. This wallet supports multiple networks, including Polygon, Ethereum, and NEAR, allowing users to manage and trade cryptocurrencies and NFTs seamlessly from their mobile devices. With over 80,000 digital identities created across its testnet and mainnet, Verida demonstrates a strong demand for enhanced control over private data in the crypto space. Its commitment to a privacy-first approach in digital wallets positions Verida as a leading innovator in the Web3 landscape.

The IoTeX ecosystem is experiencing unprecedented growth, particularly in the DePIN (Decentralized Physical Infrastructure Network) sector. With the launch of IoTeX 2.0, the platform has introduced a sophisticated tech stack that has attracted 218 projects, including 51 dedicated to DePIN. This surge in activity is underscored by the impressive DePINscan, which now tracks over 280 projects and 18 million devices. The upcoming Get GOATed Season 2 campaign promises to further energize the ecosystem with 100 million $IOTX incentives, marking a pivotal moment for IoTeX and its vision to become the leading DePIN ecosystem in the crypto space. IoTeX is now recognized as the third-largest DePIN ecosystem, trailing only Ethereum and Solana. The platform's commitment to supporting its projects through initiatives like the DePIN Surf Accelerator and the IoTeX Ecosystem Fund has fostered significant advancements in the sector. Notable projects such as Network3, Nubila, and Wayru are making headlines with their innovative approaches and successful fundraising efforts. For instance, Network3 has raised $5.5 million and is set to launch its $N3 token soon, while Nubila has secured $2.5 million to enhance its environmental data collection capabilities. Looking ahead, IoTeX is not only focused on nurturing its internal projects but is also expanding its influence across other Layer 1 networks. Recent integrations with platforms like Solana and Polygon are designed to enhance cross-chain liquidity and broaden the reach of DePIN capabilities. As the ecosystem gears up for major product launches, including ioID and W3bstream, the excitement surrounding IoTeX continues to build. With a robust roadmap ahead, IoTeX is poised to solidify its position as a key player in the DePIN landscape, driving innovation and collaboration across the crypto universe.

IoTeX and Polygon Labs have announced the integration of IoTeX 2.0 with Polygon’s AggLayer, enhancing cross-chain connectivity and unified liquidity for DePIN projects. IoTeX, a decentralised physical infrastructure network (DePIN) connecting over 18 million devices, will now tap into the AggLayer’s infrastructure, enabling cross-chain communication and liquidity sharing. The AggLayer, known for safely connecting chains, provides a unified bridge across different blockchains, offering advanced tools for success in a multi-chain ecosystem. Enhancing cross-chain capabilities The integration between IoTeX and Polygon Labs dates back to 2021, focusing on real-world NFT and cross-chain bridge initiatives. With this development, projects on IoTeX’s blockchain can distribute rewards programmatically and allow users to settle on their preferred chain. IoTeX’s DePIN Infrastructure Modules (DIM) Layer empowers DePIN projects to manage identities, scale efficiently, and access the growing DePIN landscape, valued at USD 19.7 billion.

IoTeX, a decentralized physical infrastructure network, and Polygon Labs have announced that IoTeX 2.0 will integrate with AggLayer to power cross-chain communication and liquidity across the DePIN ecosystem. Raullen Chai, the chief executive officer and co-founder of IoTeX, disclosed the partnership on Sept. 17 at the R3al World event in Singapore. As the DePIN market experiences significant growth, developers have focused on innovations that can enhance communication and cross-chain liquidity. Polygon projects tap into IoTeX infrastructure. AggLayer Boosting DePIN Market AggLayer is a decentralized service designed to connect blockchains, enabling projects on different chains to programmatically distribute rewards. The protocol’s infrastructure promotes efficiency and further scales the $19.7 billion DePIN market, according to a press release shared by IoTeX and Polygon Labs. Notably, multiple projects on Polygon have integrated IoTeX technology, including CoinFund and Pantera Capital-backed DePIN project GEODNET, and DIMO, a user-owned network that turns users’ car data into assets.

IoTeX, a DePIN infrastructure platform, is partnering with Polygon Labs to integrate its IoTex 2.0 blockchain with AggLayer. The partnership aims to leverage AggLayer's cross-chain communication and liquidity sharing capabilities. This integration will enable IoTeX-based projects to distribute rewards and allow users to transact on the chain of their choice. The collaboration was announced by Raullen Chai, CEO and co-founder of IoTeX, and Sandeep Nailwal, co-founder of Polygon, at the R3al World event in Singapore. Polygon Labs and other core contributors are developing AggLayer, an interoperability layer designed to provide unified security and liquidity across multiple chains. By implementing ZK proofs, AggLayer aims to mitigate the risks associated with the failure of a single chain. ZK proofs allow parties to verify the accuracy of a statement without revealing the underlying data, enhancing the security and privacy of blockchain systems. In July, IoTeX introduced a white paper for IoTeX 2.0, a technology stack comprising composable modules and a unified trust layer. This stack is intended to drive the adoption of DePIN (Decentralized Physical Infrastructure Network) and is supported by a token economy that connects DePIN dapps, Layer 2 chains, and devices. Chai emphasized that IoTeX's infrastructure will enable seamless connectivity between DePIN developers and AggLayer, empowering users to engage with DePIN applications across various blockchains.