Key Points:
According to Ryan Wyatt, Polygon also made significant investments in gaming, DeFi, and music, in addition to expanding its marketplace and wallet integrations in 2022 through partnerships with OpenSea, Magic Eden, Coinbase, Robinhood, and Phantom.
When the Ethereum mainnet became overburdened due to the demand for NFTs and DeFi, the Polygon Network was created as a free scaling option. Since that time, the Polygon companies team has been working to create a set of technologies to handle the ensuing issues. This year, many of those efforts were successful.
This year, the Polygon Network accomplished something that no other protocol had before: it sparked widespread Web3 adoption. To expand on Polygon, the team at the Polygon companies formed alliances with some of the greatest businesses in the world. Adobe, Disney, Meta, NFL, NuBank, Reddit, Robinhood, and Starbucks are among the companies on that list.
Polygon’s breakthrough year was 2022. Some of the largest Fortune 500 corporations were lured to Web3 by Polygon, which also set the technical groundwork for future development. Over the following year, that trajectory won’t change.
As Coincu reported, in the closing weeks of 2022, Polygon Network broke a record for user activity using a layer 2 scaling method. Despite the challenging market conditions seen throughout the year, Polygon has managed to generate 200 million unique addresses in total as of December 25, according to Polygonscan.
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