Polygon Labs, as a company, happens to be actively engaged in the development of Ethereum upgrading solutions in the case scenario of Polygon protocols. The entity gets involved with various ecosystem developers in order to be able to provide an upgradable, cost-effective blockchain framework pertaining to Web3. There are also issues related to safety and sustainability. The entity now has delivered its very own Polygon Degen Campaign, which throws light on the entire retinue of DeFi possibilities, which happen to be existing on the Polygon network. There is also the issue of creating the necessary awareness and taking part in the Polygon DeFi community.
It happens to be a known fact that the Galxe community and its Galxe OAT (on-chain achievement token) have indeed turned out to be the very prime ERC-721 contract on Polygon ever since it was established sometime in the year 2022. In the interim period, it happens to be Polygon that has been successful in delivering a variety of campaigns, the likes of which happen to be the Polygon Genesis Creators, along with the PoS Validator 2022, on Galxe. Following beneficial mergers carried out in the year 2022, It happens to be Polygon, along with Galxe, who together carry on the process of building influential and inspiring Web3-related exposures.
Polygon has also been involved in the creation of a large DeFi ecosystem. In order to achieve this, the entity utilizes a mixture of technologies, such as Ethereum Virtual Machine (EVM) adaptability, proof-of-stake consensus, and also smart contracts, in order to be able to offer an upgradeable and safe framework for the sake of decentralized finance (DeFi) projects.
The network also happens to be backing interoperability where other blockchain networks are concerned, in turn providing a convenient process for the transfer of assets and data through various other blockchains. As of date, it happens to be boosting 674 DeFi projects.