Polygon (MATIC) and Optimism (OP) strengthen as Smurfs enter NFT market, TMS Network (TMSN) stuns with 1700% price increase
The non-fungible token (NFT) market isn’t what it once was, but that hasn’t stopped big brands, like the Smurfs, from entering the market. NFT-enabled blockchains such as Polygon (MATIC) and Optimism (OP) benefited from this news. On the other hand, TMS network‘s (TMSN) token presale, currently in its fourth phase, has stolen the show, as the crypto project has already raised more than $5.6 million.
TMS Network (TMSN)
TMS Network (TMSN) operates in decentralized finance (DeFi). Specifically, TMS network (TMSN) is a decentralized exchange (DEX) that allows crypto users to exchange between different assets, crypto or not, without any central intermediary used for clearing trades. While other DEXs exist today, TMS network (TMSN) intends to solve many of the problems found with these alternative options, such as transaction delays and price manipulation.
As for specific functions, one of TMS network‘s (TMSN) main selling point is the social trading option. This allows new traders to learn from the top traders on the TMS Network (TMSN) instead of trying to learn everything on their own. In addition to seeing the individual trades made by others TMS network (TMSN) traders, TMS network (TMSN) users are also able to execute the same trades as other users on an automated basis.
Polygon (MATIC
A new fellowship program has been launched by Sandeep Nailwal, the co-founder of Polygon (MATIC), and Symbolic Capital, a venture capital firm he co-founded. The Nailwal Fellowship aims to support early stage Polygon (MATIC) builders who want to transition from Web2 to Web3.
Web3 is a term that refers to the decentralized and user-centric web, where applications are built on blockchains such as Polygon (MATIC) and users have more control over data and identity. Web3 offers new opportunities for innovation and social impact in various domains, including art and culture.
The Nailwal Fellowship will provide financial assistance, mentorship and access to a network of Polygon (MATIC) experts and partners for selected fellows. The program will last for six months and will focus on three tracks: NFTs, DAOs and Polygon (MATIC) DeFi. The application deadline is 15 June 2023.
This is one of the many initiatives emerging to advance the Polygon (MATIC) ecosystem and educate the next generation of builders.
Optimism (OP)
Optimism (OP) is one of the leading scaling solutions for Ethereum (ETH), which aims to improve the speed and cost of transactions on the network. Optimism (OP) uses a technique called optimistic rollups, which processes transactions in batches off-chain and puts the data on-chain as conversational data. This reduces the load and gas fees on the Ethereum (ETH) mainnet, while maintaining high security and decentralization.
On June 6, Optimism (OP) will undergo its biggest upgrade ever, called Bedrock. This upgrade will introduce a new modular architecture that separates the Optimism (OP) stack into consensus, execution and settlement components. This will allow Ethereum execution clients to be converted to Optimism (OP) execution clients, making them more compatible and efficient.
The bedrock is expected to take two to four hours to complete, starting at 16:00 UTC. During this time, deposits and withdrawals will not be available at Optimism (OP). The upgrade has been approved by the Optimism (OP) community, with an overwhelming majority of votes in favor.
The problem with buying Polygon (MATIC) or Optimism (OP) right now is that these platforms have already been around for a while and the lag-to boom may already be over. TMS network (TMSN), on the other hand, is still just getting started, and anyone who gets involved today could benefit greatly if DEX turns out to be even a small success.
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