Polygon Launches Mobile Burning Capabilities for MATIC Tokens


The MATIC burn console will now be available for Polygon’s mobile wallet suite

As noted in a recent update, Polygon launched two new features, first for mobile burning capabilities for MATIC tokens, and a new token listing service. The MATIC burning console will now be available for Polygon’s suite of mobile wallets, with a new interface aimed at providing a seamless and intuitive experience for its users.

U.Today previously covered Polygon teasing its community on two massive products set to be released shortly. It also hints at its multichain ecosystem, leaving the community to guess what it could be about.

Polygon, the Layer 2 scaling network, rolled out a major upgrade in January, incorporating the Ethereum hard fork in London. With EIP 1599 now on its mainnet, upgrading Polygon will limit MATIC’s supply and make its tokens potentially more valuable.

According to the Polygon Burn tracker, a total of 607,121.47 MATIC have been burned since this mechanism was initiated.

Latest developments

Last week, digital asset manager Grayscale Investments unveiled a new cryptocurrency fund dedicated to smart contract platforms, excluding Ethereum, highlighting investors’ growing appetite for blockchain networks. alternatives.

The Grayscale Smart Contract Platform Ex-Ethereum Fund, also known by the ticker symbol GSCPxE, is the company’s 18th investment product. The fund will provide exposure to seven smart contract platforms, including Polygon MATIC, with a 9.65% weighting.

As shared by Polygon Studios, the gaming arm of the Polygon blockchain, Italian luxury brand Bulgari has launched its NFT collection on the blockchain. The Octo Finissimo Ultra NFT is inspired by the brand new Octo Finissimo Ultra watch, which is said to be the thinnest mechanical watch in the world. The 137-year-old Italian luxury brand has also launched the BVLGARI Singularity NFT.


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