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Polygon

Polygon (<a href="https://en.coin-turk.com/crypto-market-trembles-bitcoin-drops-below-25k-impacting-altcoins/" data-wpel-link="internal">MATIC</a>), one of the major Web3 networks, has announced the launch of an open database of use cases for blockchain technology. Named &#8220;The Value Prop&#8221;, the database hosts a catalogue of over 300 applications and a myriad of use cases spread across various business sectors, blockchain networks, and geographies. Polygon has called for user contributions with more use cases and applications to expand the value proposition.
<h2 style="text-align: justify" id="polygon-and-the-real-world">Polygon and the Real World</h2>
Real-world applications of blockchains aiming to address real-world problems have previously been a source of intense debate. Polygon&#8217;s recent initiative coincides with a period where blockchain technology has been grappling with predominantly negative sentiments and headlines. This has resulted from pressure by U.S. regulators on significant market participants like <a href="https://en.coin-turk.com/us-regulatory-shake-up-in-crypto-sector-impact-and-response-from-binance-and-coinbase/" data-wpel-link="internal">Binance</a> and Coinbase.
<img decoding="async" loading="lazy" class="aligncenter wp-image-85090 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/polygon-3.png" alt="" width="1104" height="1406" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/polygon-3.png 1104w, https://en.coin-turk.com/wp-content/uploads/2023/06/polygon-3-133x170.png 133w, https://en.coin-turk.com/wp-content/uploads/2023/06/polygon-3-768x978.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/polygon-3-942x1200.png 942w" sizes="(max-width: 1104px) 100vw, 1104px" />
Therefore, Web3 experts and major players in the field believe there is an increasing need to reveal positive applications for blockchains. They aim to present it as a general-purpose technology rather than just a tool that simplifies asset trading.
Alongside Polygon, other major networks have also stepped in. Ripple (XRP) recently announced a partnership with Colombia&#8217;s central bank, Banco de la República, to explore use cases for blockchain technology.
<img decoding="async" loading="lazy" class="aligncenter wp-image-85089 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/matic-4.png" alt="" width="1148" height="1208" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/matic-4.png 1148w, https://en.coin-turk.com/wp-content/uploads/2023/06/matic-4-162x170.png 162w, https://en.coin-turk.com/wp-content/uploads/2023/06/matic-4-768x808.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/matic-4-1140x1200.png 1140w" sizes="(max-width: 1148px) 100vw, 1148px" />
<h2 style="text-align: justify" id="will-web3-development-continue">Will Web3 Development Continue?</h2>
Polygon is working to draw new capabilities to boost Web3 development, unlock new use cases. It&#8217;s worth recalling that co-founder Sandeep Nailwal launched a grant program called the Nailwal Fellowship. The initiative aims to provide financial assistance and resources to early-stage Web3 developers. Besides funding, the developers will receive mentorship and access to top founders and investors.
According to Alchemy, a blockchain developer platform, Web3 development has continued at a rapid pace in Q1 2023, despite contagion from the U.S. banking crisis. The number of developer teams working on the Alchemy platform reached an all-time high, and developer activity showed a year-on-year increase.
At the time of writing, MATIC, the native token of Polygon, was trading in a negative zone. According to CoinMarketCap, the coin, which saw a 4.16% decline in a 24-hour period, was trading at $0.5884 at the time of writing.
The post <a rel="nofollow" href="https://en.coin-turk.com/polygon-matic-launches-open-database-for-blockchain-use-cases/" data-wpel-link="internal">Polygon (MATIC) Launches Open Database for Blockchain Use Cases</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Polygon (MATIC) Launches Open Database for Blockchain Use Cases

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