“Everything in flux. And you too will alter in the whirl and perish, and the world as well.” – Marcus Aurelius
Polygon is on a roll: January 2023 saw Polygon’s proof-of-stake (PoS) monthly active addresses grow 23% month over month, and 155% year over year. Its PoS revenues hit $1.58m. Weekly network revenues have nearly 5x’d in the last month and a half (mostly due to increasd gas prices). Its NFT ecosystem saw a massive surge in transaction volume in the last three months. Of the entire worldwide blockchain economy, Polygon has the third-largest ecosystem for decentralized apps (dApps). Will it become the go-to chain for future brand NFTs? I will cover Polygon’s success in a future article. Stay tuned. Link
PROOF, the company behind Moonbirds and PROOF collective, cancels its first flagship physical community conference “PROOF of conference”, citing “considerably less interest than anticipated”. Being one of the most acclaimed NFT communities, this shows how difficult it is to translate from virtual to physical. Link
Token Terminal introduced financial statements for DAOs. This could become an important building block for building a transparent Web3 economy. Link
Microsoft cut its Metaverse core team after only 4 months in operation, and remains “committed to the industrial metaverse”. However, the majority of the metaverse team was made up of individuals who were part of Project Bonsai — a company that Microsoft acquired in 2018. As such, I wouldn’t put…
