Polygon workforce, Helium on Solana, Bored Apes steals logo
Daily Crypto, Blockchain & Web3 Update 2023-02-22
Polygon Labs Cuts 20% Workforce, Almost 100 Jobs (2 minute read)
Polygon Labs has cut 20% of its workforce, mostly in the US, Canada, and India. Its treasury remains healthy with a balance of over $250 million and 1.9 billion MATIC. Polygon's native token MATIC was down 5% to $1.42 on the day of the announcement. The company has crystallized its strategy for the next several years to drive mass adoption of Web3.
Ankr partners with Microsoft to offer enterprise node services (2 minute read)
Microsoft and Ankr have partnered to provide a node hosting service on the Microsoft Azure Marketplace. The integration will pair Ankr's blockchain infrastructure with Azure's cloud solutions to allow developers to focus on scaling their applications. It will allow organizations to access blockchain data in a reliable, scalable, and secure way. The partnership is a major milestone for Ankr and will result in an era of prolific building for blockchain-based applications.
What Crypto Founders Can Learn from Blur’s Token Airdrop
Blur has become the top NFT marketplace and trading platform in the market just five months since launch. Blur used sophisticated incentives to bootstrap, grow adoption, and beat out its competitors. This analysis looks at Blur's token distribution design and offers recommendations to founders using tokens to grow networks. Blur's success shows that a token distribution strategy can be a powerful way to drive network growth.
Helium is sunsetting its bespoke blockchain and migrating to Solana by March 27
The migration will see HNT, MOBILE and IOT issued on the Solana network, which will continue to be the tokens in the Helium ecosystem.
Once the migration is complete, a new version of the Helium Wallet App will be made available. Additionally, the Helium layer 1 blockchain history will remain public. Users will be able to access the new application by updating their current wallet app. HNT holders can also use other wallets within the Solana ecosystem, such as Phantom or Solflare.
The final stage of the Upgrade will take place on the proposed date of March 27, beginning around 15:00 UTC. During this 24-hour transition period, all users will be migrated to the Solana blockchain.
Bored Apes accused of stealing logo from online drawing tutorial (2 minutes read)
Yuga Labs has nixed its Bored Ape Kennel Club logo after it was revealed that it plagiarised an image from a drawing guide called Easy Drawing Tutorial. Yuga Labs co-founder, Greg Solano, seemingly dismissed the revelations as “claims” despite the logo looking identical to the drawing in the guide by Rauno Tolonen. Yuga Labs also filed to trademark its BAKC logo in July 2021, a month after launching the collection.