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Fox and Ronin will use Polygon for Blockchain innovations
Polygon, a leading layer-2 (L2) scaling solution in the Ethereum ecosystem, recently announced two major partnerships.
Collaborations with Fox Corporation and Ronin Network aim to improve scalability and safety In blockchain game and multimedia content verification, leveraging Polygon’s zero-knowledge (ZK) technology.
Polygon, Fox, and Ronin Set to Transform Blockchain Use Cases
Ronin, the sidechain network designed to support the famous play to earn (P2E) Axie Infinity game, highlighted that developers on its platform will soon be able to leverage Polygon’s Chain Development Kit (CDK) to create their own zkEVM L2 chains. Furthermore, this feature will allow them to distribute games without permission.
In his commentary on the partnership, Jeff ‘Jihoz’ Zirlin, co-founder of Axie Infinity, underlined the significant improvements in scalability. He also highlighted the potential for more games through permissionless distribution. Zirlin highlighted the importance of aligning Ronin more closely with Ethereum, particularly through the AggLayerencouraging greater integration beyond the current Ronin Bridge.
To know more: What is polygon (MATIC)?
On the same day, Polygon announced a partnership with Fox Corporation. The media networking giant has launched an L2 chain using Polygon CDK.
Fox revealed that the beta version of Verify is moving to a dedicated ZK blockchain with the help of Gelato, a rollup-as-a-service platform. Verify allows readers to verify whether an article or image actually comes from a publisher, as long as the media is registered on the platform.
Fox will use Polygon’s ZK technology transform Verify into a dedicated chain focused on transparently proving the authenticity of recorded content. Moving to a ZK chain is critical for adoption. Increase on-chain content recording capacity without competing for resources on Polygon PoS.
Additionally, the Verify protocol helps publishers establish a technical and cryptographic bridge with AI platforms. This allows publishers to set up programmatic access to content conditions through smart contracts.
Verification will help consumers identify the true source of content as AI-generated text and images become more prevalent on line. This gives media publishers more control over their relationships with AI platforms that fetch web content. TIME will be the first external partner to record content on this dedicated chain.
Fox initially launched a closed beta of Verify in August 2023. Since then, over 300,000 pieces of content from various Fox-related brands have been signed to Verify.
“In the future, Verify will also have the ability to connect to AggLayer and join a horizontally scalable network of interoperable chains for seamless cross-message passing,” the announcement reads. law.
To know more: How to create a polygonal smart contract with private RPC endpoint
Transaction counting in the Ethereum ecosystem. Source: X/BitwiseInvest
These partnerships reflect the ongoing situation growth within the Ethereum ecosystem. A Bitwise report highlighted an 84.65% increase in transaction volume over the past year, largely fueled by Polygon’s contribution. The data also reveals that in the first quarter of 2024 alone, transactions on Polygon within the Ethereum network exceeded $400 million.
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