Increase in transactions, new collaborations, etc.

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Despite the issues in 2022 for the crypto space, Polygon has seen steady growth across many industries, with a record number of transactions and new collaborations.

As noted, Polygon has facilitated over 960 million transactions and deployed 778,000 smart contracts with 234,000 contract makers.

As of December 26, there were more than 202 million unique addresses on the blockchain. Polygon also claimed to have removed approximately 600,000 tons of carbon. In addition to these accomplishments, many transformative innovations have been unleashed on blockchain as adoption continues to grow.

Below is an overview of notable developments in the Polygon ecosystem in 2022.

Disney Accelerator Program 2022

In July, Polygon was selected as one of six companies to participate in the 2022 Disney Accelerator Program and the only blockchain-focused company selected for the program.

The Disney Accelerator Program is a business and development-focused initiative created to enhance the growth of innovative companies globally through augmented reality (AR), non-fungible token (NFT) and artificial intelligence (AI).

Reddit’s NFTs increase with Polygon

Despite some Reddit users be anti-crypto, Reddit NFTs were among the major announcements of this year. In October, Reddit posted “Collectible Avatars” based on its Snoo mascot.

More than 3 million wallets had been created on Polygon to receive NFTs within months, according to a Reddit executive. Additionally, over 5 million colorful avatars have been created with over 4.3 million unique wallets.

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Polygon and Meta

In November, Meta spear a toolkit for Instagram users to create and sell NFTs based on the Polygon blockchain. Note that Polygon emerged as Meta’s first partner for the new feature.

As revealed, content creators on Instagram will be able to design and sell their digital collectibles on and off Instagram.

Dive into blockchain games via Magic Eden

Another dive into NFT space saw Polygon emerge as the third channel supported in the popular NFT Magic Eden marketplace.

Through the integration, Magic Eden will also support game developers and content creators in the Polygon ecosystem.

Collaboration with Ghost

Noncustodial wallet Phantom added browser, Android, and iOS support for Polygon last November.

Phantom has joined the league of many industry projects pushing towards a multi-channel future. The integration provided users with a simplified, safe and transparent way to use NFTs and decentralized applications.

NIKE’s journey into the virtual asset space with Polygon

Nike spear digital asset platform, Swoosh, with the help of Polygon, to further establish its presence in the Web3 space on November 14.

In the announcement, Nike established that virtual Swoosh clothing is usable for RTFKT avatars. RTFKT is another well-known developer team in the Web3 space Nike acquired in 2021.

Starbucks Loyalty Program

In another development, the popular Starbucks coffee shop via Polygon spear its loyalty platform in December.

Notably, the coffee chain giant provided ways to earn loyalty rewards for customers when they participated in an interactive engagement known as “Journey”. The Journey as an interactive session aims to project the company’s brand and educate customers on the history of Starbucks and coffee.

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The rewards are collectible digital stamps in the form of non-fungible tokens (NFTs).

Collaboration with Flipkart

In December, Polygon extended its reach to the e-commerce space in India through Flipkart. The two firms in partnership to build a blockchain e-commerce center of excellence.

Polygon reports that the Center will focus on e-commerce research and development in Web3 and the Metaverse, exploring the future of shopping and being online.

Other key developments

Finally, projects like Robinhood, Wild Card, Midnight Society, and One Planet Lending Solution all appreciated Polygon’s contribution to their respective projects.

Additionally, Polygon is also expanding its three zero-knowledge (zk) scaling programs to support its growing mainstream adoption ambitions. Using such solutions, transactions are bundled on a separate chain and then committed to Ethereum, enabling much higher transaction speeds.

The zkEVM polygon was revealed last July, and its testnet launched in October, with the team claiming it was the first zkEVM with a public testnet that produced ZK proofs.


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