Latest news with #Polygon
Business Wire
11 hours ago
- Business
- Business Wire
Stackup Raises $4.2 Million in Seed Round to Streamline Operations for Crypto Businesses
CULVER CITY, Calif.--(BUSINESS WIRE)-- Stackup, the digital asset management platform designed to streamline crypto operations for crypto businesses, today announced that it has secured $4.2 million in seed funding. The round was led by 1kx, with participation from Y Combinator, Goodwater Capital, Soma Capital, Amino Capital, and Digital Currency Group (DCG). The investment will accelerate the development of the Stackup platform, allowing the team to continue developing solutions that simplify crypto operations for businesses. Coinciding with the influx of new capital, Stackup has launched a new direct banking integration feature that directly addresses the fragmentation between traditional and crypto operations. Businesses can now connect their bank accounts to their Stackup wallet, enabling seamless, non-custodial ACH transfers between their bank and wallet within their existing payment workflows. This solves a critical pain point for companies forced to juggle between two parallel financial systems: traditional banking for crypto operations and separate crypto platforms for on-chain activity. Stackup's solution creates one system for all financial operations, without giving up control of your assets to third parties. 'Our mission at Stackup is to provide businesses with the tools they need to manage their digital assets with the same level of efficiency and control they expect from traditional financial systems,' said John Rising, co-founder and CEO of Stackup. 'This funding gives us the ability to eliminate operational inefficiencies that have historically hindered the adoption and growth of this industry. We're empowering businesses to streamline their financial operations and workflows, allowing them to focus on growth without compromising on security or control of their assets.' Additionally, Stackup has expanded its support blockchains to include Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BSC. This feature unlocks businesses operating across multiple blockchains. Previously, businesses were forced to manage separate wallets and manually bridge assets between chains, creating a process that was both time-consuming and error-prone. With Stackup, businesses can manage their multi-chain operations from one platform, moving assets seamlessly without external bridges or multiple wallet setups. 'Crypto businesses have largely struggled to address their operational needs due to the unique burden of managing assets on multiple chains,' said Nichanan Kesonpat of 1kx. 'Stackup is addressing those critical pain points and enabling businesses to take control of their funds in one seamless, secure, and scalable platform.' The Stackup platform has evolved significantly since its inception in 2021. The platform played a crucial role in building wallet infrastructure for major industry players like Coinbase and TrustWallet. This foundational experience in enterprise-grade wallet infrastructure informed Stackup's current model of providing a comprehensive digital asset management platform directly to businesses. Today, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease. About Stackup Stackup is transforming how businesses manage their on-chain operations by offering a smart account platform designed to simplify and automate complex blockchain tasks. As the need for seamless, secure, and efficient crypto transactions grows, Stackup provides centralized control over decentralized assets, allowing businesses to take charge of every detail of their operations with ease. Our platform integrates advanced security and adaptive features to eliminate the chaos of traditional crypto wallets, empowering businesses to manage their crypto stack in real-time. Whether you're orchestrating large-scale transactions or ensuring complete transparency, Stackup's solution brings order and precision to blockchain management, turning crypto chaos into a structured, seamless business flow.
Int'l Business Times
3 days ago
- Business
- Int'l Business Times
Avail Goes Full Stack to Capture $300bn Global Blockchain Infra Market
Dubai, UAE, June 17th, 2025, Chainwire The only stack that delivers horizontal scalability, crosschain connectivity, and unified liquidity, without compromising on decentralization. Avail, backed by Founders Fund, Dragonfly, and other top VCs, is powering some of Web3's most forward-looking projects, including Lens, Sophon, Space & Time, Lumia, Skate, and leading institutional tokenization platforms. The rollout of the full Avail Stack enables seamless connections between chains to build a scalable and interoperable blockchain in the future. Avail is focused on building an interconnected Web3 that allows networks to move assets and communicate while abstracting away user complexities to create a unified in-app experience. The Avail Stack, a full-scale blockchain infrastructure solution, comprises Avail Nexus, Avail Fusion and Avail DA as well as a suite of products and functionality upgrades, including Turbo DA, Enigma DA upgrade, Light Clients, catering to a range of audiences; both Web3 native startups and traditional Web2 giants. Blockchain Infrastructure: A $300B Market According to Grand View Research, the global blockchain market is projected to grow from $31.3 billion in 2024 to $1.43 trillion by 2030, with infrastructure alone expected to reach $306 billion, driven by modularity, institutional demand, scalable tech, and tokenization. When Avail launched its purpose-built data availability (DA) layer on mainnet in July 2024, it set out to revamp the concept of blockchain scalability. The founding team was clear in its vision of broadening the scope of functionality so that blockchain could reach mass adoption. As Ethereum doubled down on its rollup-centric roadmap, the limitations of the current blockchain models became clear; bridges were brittle, liquidity fragmented, and developers faced friction rewriting logic across chains. Innovation slowed, and VC investment declined, as noted in S&P Global's 2024 report. Despite market headwinds, Avail raised $75 million in 2024 from top investors under the leadership of Anurag Arjun (former Polygon co-founder) and Prabal Banerjee (former Polygon research lead), to build their vision of how blockchain experiences should be. The Avail Stack The Avail Stack comprises Avail DA for scalable, verifiable data availability, including Turbo DA, Enigma Upgrade, Avail Light Clients, and Avail's 10 GB Infinity Blocks. Avail supports any execution environment with native ZK verification on the base layer. However, the most powerful upgrade is Avail Nexus. The Avail Nexus upgrade is a permissionless crosschain layer enabling connectivity between different chains. Avail Nexus unlocks liquidity and user access with a seamless in-app experience across multiple ecosystems, enabling a true crosschain economy. No network switches, no bridges, no leaving the app. Nexus fully abstracts convoluted flows and back-end processes, delivering a simplified, intuitive experience. With Nexus, the typical 12+ click, crosschain process is reduced to just a couple of simple approvals, all behind the scenes, allowing users to stay in the app. If one chain in the Avail Stack has access to key infrastructure, for example, Uniswap or Aave, every other connected chain can use it too, without needing to redeploy it. This borrowed infrastructure model allows new chains to bootstrap with shared liquidity and shared apps, accelerating ecosystem growth. For developers, Nexus unlocks a powerful new era of multichain applications that coordinate state and logic across environments without replicating contracts. Connectors for EVM, ZK, Optimistic, and sovereign chains make integration seamless for any environment. To complement this is the Avail Fusion upgrade that creates a diverse security model. Apps gain access to pooled crypto-economic security while maintaining decentralization. 'With Avail, we were clear that developers no longer rebuild core infrastructure per chain. We wanted to give one integration that connects logic, assets, and users across all ecosystems. This is the foundation of Avail's horizontal scalability vision: modular infrastructure, interoperable chains, and unified UX.' - Prabal Banerjee, co‑founder, Avail. Confidence in Avail's capability is reflected in the top-tier integrations. Lens Protocol, with over 650K user profiles and 28M+ social connections, launched Lens Chain using Avail DA. Sophon, a zk-validium, raised $60M in a node sale supported via Avail Light Clients. Space & Time, which has partnered with Microsoft and Google Cloud BigQuery, will use Avail to anchor ZK query proofs. Leading players in tokenization and RWAs like Lumia and rootVX are on the Avail testnet. Other projects powered by Avail include Rooch, Odysphere, and Eternal, with 50 more partnerships in the pipeline. 'We built Avail for a world where new chains can launch fast, can communicate and scale instantly. That's the promise of horizontal scalability, and it's how blockchain technology can reach population scale.' - Anurag Arjun, co-founder, Avail. Avail is building the foundation for a crosschain economy, shared liquidity, and composability, all while staying true to the core principles of decentralization and permissionlessness. About Avail Avail is designed to connect and scale blockchains with the Avail Stack. Avail Nexus connects and powers crosschain messaging. Avail DA foundation powers horizontal scalability with its 10GB infinity blocks roadmap and functionality upgrades, while Avail Fusion will enable crypto-economic security for the Avail economy. With Avail Stack, developers get a future-proof foundation where apps and assets move freely across chains. Users can learn more about Avail on Discord, Twitter, Blog Media Contact: Shailey Singh shailey@ Contact PR & Comms Lead Annu Shekhawat Avail Technology Ltd. annu@
Business Insider
4 days ago
- Business
- Business Insider
Avail Goes Full Stack to Capture $300bn Global Blockchain Infra Market
Dubai, UAE, June 17th, 2025, Chainwire The only stack that delivers horizontal scalability, crosschain connectivity, and unified liquidity, without compromising on decentralization. Avail, backed by Founders Fund, Dragonfly, and other top VCs, is powering some of Web3's most forward-looking projects, including Lens, Sophon, Space & Time, Lumia, Skate, and leading institutional tokenization platforms. The rollout of the full Avail Stack enables seamless connections between chains to build a scalable and interoperable blockchain in the future. Avail is focused on building an interconnected Web3 that allows networks to move assets and communicate while abstracting away user complexities to create a unified in-app experience. The Avail Stack, a full-scale blockchain infrastructure solution, comprises Avail Nexus, Avail Fusion and Avail DA as well as a suite of products and functionality upgrades, including Turbo DA, Enigma DA upgrade, Light Clients, catering to a range of audiences; both Web3 native startups and traditional Web2 giants. According to Grand View Research, the global blockchain market is projected to grow from $31.3 billion in 2024 to $1.43 trillion by 2030, with infrastructure alone expected to reach $306 billion, driven by modularity, institutional demand, scalable tech, and tokenization. When Avail launched its purpose-built data availability (DA) layer on mainnet in July 2024, it set out to revamp the concept of blockchain scalability. The founding team was clear in its vision of broadening the scope of functionality so that blockchain could reach mass adoption. As Ethereum doubled down on its rollup-centric roadmap, the limitations of the current blockchain models became clear; bridges were brittle, liquidity fragmented, and developers faced friction rewriting logic across chains. Innovation slowed, and VC investment declined, as noted in S&P Global's 2024 report. Despite market headwinds, Avail raised $75 million in 2024 from top investors under the leadership of Anurag Arjun (former Polygon co-founder) and Prabal Banerjee (former Polygon research lead), to build their vision of how blockchain experiences should be. The Avail Stack The Avail Stack comprises Avail DA for scalable, verifiable data availability, including Turbo DA, Enigma Upgrade, Avail Light Clients, and Avail's 10 GB Infinity Blocks. Avail supports any execution environment with native ZK verification on the base layer. However, the most powerful upgrade is Avail Nexus. The Avail Nexus upgrade is a permissionless crosschain layer enabling connectivity between different chains. Avail Nexus unlocks liquidity and user access with a seamless in-app experience across multiple ecosystems, enabling a true crosschain economy. No network switches, no bridges, no leaving the app. Nexus fully abstracts convoluted flows and back-end processes, delivering a simplified, intuitive experience. With Nexus, the typical 12+ click, crosschain process is reduced to just a couple of simple approvals, all behind the scenes, allowing users to stay in the app. If one chain in the Avail Stack has access to key infrastructure, for example, Uniswap or Aave, every other connected chain can use it too, without needing to redeploy it. This borrowed infrastructure model allows new chains to bootstrap with shared liquidity and shared apps, accelerating ecosystem growth. For developers, Nexus unlocks a powerful new era of multichain applications that coordinate state and logic across environments without replicating contracts. Connectors for EVM, ZK, Optimistic, and sovereign chains make integration seamless for any environment. To complement this is the Avail Fusion upgrade that creates a diverse security model. Apps gain access to pooled crypto-economic security while maintaining decentralization. 'With Avail, we were clear that developers no longer rebuild core infrastructure per chain. We wanted to give one integration that connects logic, assets, and users across all ecosystems. This is the foundation of Avail's horizontal scalability vision: modular infrastructure, interoperable chains, and unified UX.' - Prabal Banerjee, co‑founder, Avail. Confidence in Avail's capability is reflected in the top-tier integrations. Lens Protocol, with over 650K user profiles and 28M+ social connections, launched Lens Chain using Avail DA. Sophon, a zk-validium, raised $60M in a node sale supported via Avail Light Clients. Space & Time, which has partnered with Microsoft and Google Cloud BigQuery, will use Avail to anchor ZK query proofs. Leading players in tokenization and RWAs like Lumia and rootVX are on the Avail testnet. Other projects powered by Avail include Rooch, Odysphere, and Eternal, with 50 more partnerships in the pipeline. 'We built Avail for a world where new chains can launch fast, can communicate and scale instantly. That's the promise of horizontal scalability, and it's how blockchain technology can reach population scale.' - Anurag Arjun, co-founder, Avail. Avail is building the foundation for a crosschain economy, shared liquidity, and composability, all while staying true to the core principles of decentralization and permissionlessness. About Avail Avail is designed to connect and scale blockchains with the Avail Stack. Avail Nexus connects and powers crosschain messaging. Avail DA foundation powers horizontal scalability with its 10GB infinity blocks roadmap and functionality upgrades, while Avail Fusion will enable crypto-economic security for the Avail economy. With Avail Stack, developers get a future-proof foundation where apps and assets move freely across chains. Contact PR & Comms Lead Annu Shekhawat Avail Technology Ltd.
Time Business News
4 days ago
- Business
- Time Business News
How Crypto Development Is Powering the Future of Decentralized Applications?
As decentralized technologies evolve rapidly, crypto development is emerging as the foundation for building scalable, secure, and user-driven decentralized applications (dApps). From finance to gaming, supply chains to healthcare, crypto-powered dApps are transforming industries by enabling trustless, transparent, and permissionless ecosystems. In this post, we explore how crypto development is shaping the next generation of digital experiences and what businesses need to know to stay ahead. Crypto development involves building digital products that leverage cryptographic principles, blockchain infrastructure, and decentralized consensus mechanisms. This includes smart contracts, decentralized applications (dApps), tokens, wallets, and full-fledged blockchain platforms. Crypto developers work with tools like Solidity (for Ethereum), Rust (for Solana), and smart contract platforms like Polygon, Binance Smart Chain, and Avalanche to create secure, transparent, and immutable digital products. The rise of crypto development services has empowered both startups and enterprises to enter the decentralized space without deep technical expertise opening doors to decentralized finance (DeFi), NFTs, DAOs, and beyond. Decentralized applications run on a blockchain rather than centralized servers. Unlike traditional apps, dApps use smart contracts to execute logic and manage data on-chain. This decentralization eliminates single points of failure and makes apps more transparent and resilient. In the early stages (2017–2019), most dApps focused on financial use cases like token swaps and lending. Today, dApps have expanded into: Gaming (GameFi and Play-to-Earn) Social media and communication (Lens, Farcaster) Identity management and voting Supply chain traceability Decentralized storage and content delivery This expansion has been fueled by the ongoing innovation in dApp development services in practices and tools. Here are the core reasons crypto development is crucial for building powerful and future-ready decentralized applications. Crypto development uses smart contracts that are self-executing and tamper-proof. This reduces the risk of fraud, manipulation, or data breaches. Developers rely on well-audited protocols to ensure safe interactions between users. Crypto tokens are integral to dApps—they help incentivize user activity, fund development, and enable governance. Through token development, platforms can create custom economies that promote network growth and engagement. Modern dApps are no longer siloed. Crypto development supports cross-chain protocols and composability allowing developers to integrate features from other protocols like Uniswap or Aave seamlessly into their own applications. DAOs (Decentralized Autonomous Organizations) use on-chain voting to make platform decisions. With the help of blockchain development company services, businesses can embed DAO modules into dApps, encouraging user ownership and long-term sustainability. Traditional apps collect and monetize user data. In contrast, crypto-enabled dApps give users ownership over their data and digital assets, fostering privacy and ethical tech practices. Crypto-powered decentralized applications (dApps) are transforming industries by offering trustless, transparent, and borderless solutions. From finance and gaming to supply chain and identity management, these real-world use cases highlight the growing impact of blockchain in practical scenarios. Projects like Compound and Curve use crypto development to offer lending, borrowing, and yield farming without intermediaries. DeFi continues to be the most active segment in dApp development. Platforms like OpenSea and Magic Eden allow users to buy, sell, and trade digital assets using blockchain. Crypto development enables features like royalties, fractional ownership, and metadata storage. Apps like Mirror and Lens Protocol use crypto wallets for user login and on-chain data storage. This shifts power from centralized platforms to users. Games like Axie Infinity and The Sandbox use tokens, smart contracts, and NFTs to let users earn, trade, and govern in-game assets, creating sustainable play-to-earn economies. Crypto-powered dApps like VeChain provide real-time data tracking and immutable records, increasing transparency across logistics and manufacturing. Hiring a professional crypto development team ensures security, scalability, and faster deployment. These services streamline project execution, provide compliance support, and enable cross-chain functionality, helping businesses efficiently launch secure and future-ready decentralized apps and crypto products. Expert developers prioritize security by performing comprehensive smart contract audits, reducing vulnerabilities and protecting user funds. This ensures trust and minimizes risks in decentralized applications, especially for DeFi, NFT platforms, and other blockchain-based services. By utilising reusable code libraries and agile methodologies, crypto development teams can drastically reduce their time-to-market. This allows startups to launch MVPs quickly, test features with users, and gain early market traction without compromising quality or scalability. Cross-chain compatibility allows your dApp or token to interact with multiple blockchains, expanding user reach. This interoperability enhances liquidity, user experience, and ecosystem growth across networks like Ethereum, BNB Chain, Polygon, Solana, and more. Professional crypto developers use scalable, decentralized storage (e.g., IPFS, Arweave) and computing frameworks to ensure your app can handle traffic growth. This enhances data resilience, uptime, and performance while aligning with Web3 principles. Crypto development firms offer regulatory support for token creation, KYC/AML, and crypto payment integration. Their legal insights help ensure compliance with global laws, minimizing risks during fundraising, token distribution, and exchange listings. The crypto space is rapidly evolving, with trends like Layer 2 scaling, modular blockchains, AI integration, asset tokenization, and Web3 identity reshaping the future. These advancements will significantly enhance the functionality, speed, and accessibility of decentralized applications. Layer 2 solutions like Optimistic and ZK-rollups improve scalability by processing transactions off-chain while maintaining Ethereum-level security. These rollups enable faster and cheaper dApp operations, making them essential for mass adoption. New architectures like Celestia and Polygon 2.0 unbundle blockchain layers, letting developers mix and match execution, consensus, and data layers. This modularity offers greater flexibility, cost-efficiency, and scalability for customized dApp deployments. Decentralized apps are increasingly integrating AI for smarter automation—such as trading bots, predictive analytics, and intelligent contracts. This trend is supported by decentralized GPU networks and encrypted oracles that maintain data integrity. Tokenizing real estate, equities, and commodities allows real-world assets to be traded on blockchain platforms. This brings liquidity, fractional ownership, and global accessibility, connecting traditional finance with decentralized ecosystems. Decentralized Identity (DID) systems and zero-knowledge proofs (ZKPs) offer secure, privacy-preserving authentication. These tools are vital for dApps needing user verification, especially in sectors like DeFi, gaming, and regulated financial applications. Crypto development is no longer a niche it's powering the future of decentralized innovation. As new platforms emerge and user adoption grows, businesses that embrace crypto-first development will stay ahead of the curve. From smart contracts to entire dApp ecosystems, the potential is vast. Whether you're aiming to build a decentralized exchange, NFT platform, or blockchain-based game, leveraging a professional crypto development services provider like Technoloader ensures a smoother journey from idea to launch. TIME BUSINESS NEWS
Time Business News
5 days ago
- Business
- Time Business News
Scaling Solutions: Developing Tokens on the Polygon Network
Building a token is one thing. But scaling it? That's where most projects get stuck! Ethereum is a popular blockchain network for token development. However, it comes with limitations, such as network congestion, high gas fees, and slower throughput. Are you looking for an alternative? That's exactly where Polygon steps in! Polygon is a blockchain network designed to help developers build faster, cheaper, and more scalable Web3 applications. Be it you wish to create utility tokens, launch a new DeFi project, or expand an NFT marketplace, Polygon is the perfect blockchain. In this blog, you'll learn why Polygon is the best blockchain for token development and the key steps to creating and launching your token on the network. Let's have a look! Polygon blockchain, earlier known as Matic Network, is a Layer-2 scaling solution that aims to offer affordable and quicker transactions. Additionally, it maintains the security and decentralization of the Ethereum network. It uses a Plasma framework and proof-of-stake consensus mechanism, which allows the network to process thousands of transactions per second. By utilizing the blockchain network, developers can easily build secure, scalable, and user-friendly decentralized apps without paying high gas fees and slow transaction speeds, which is common to the Ethereum mainnet. Now, let's get into the reasons why you must choose Polygon to develop tokens! Polygon offers lower transaction costs compared to Ethereum. This makes it ideal for both developers and users. Reduced gas fees encourage broader adoption, especially for applications that require frequent transactions. This cost-efficiency enables projects to scale without compromising the user experience or budget. Polygon offers lightning-fast transaction speeds, which process up to 65,000 transactions per second. This high throughput ensures smooth performance for dApps and eliminates frustrating delays. For token-based platforms, fast transaction finality is important for user satisfaction, real-time updates, and maintaining performance across blockchain ecosystems. Built as an Ethereum Layer-2 scaling solution, Polygon is fully compatible with the EVM. This allows developers to easily migrate or deploy Ethereum-based smart contracts on Polygon with minimal adjustments. This results in seamless integration, reduced development time, and access to the vast Ethereum community. Polygon utilizes a robust multi-layered security model, which includes Plasma chains and a Proof-of-Stake mechanism. Developers benefit from Ethereum's security model while leveraging Polygon's scalability. This makes it a perfect blockchain platform for building secure token-based applications without compromising performance. Polygon hosts a thriving ecosystem that includes DeFi platforms, NFT projects, DAOs, gaming protocols, and enterprise solutions. This interconnected community fosters innovation, collaboration, and visibility for new token projects. Launching a token on Polygon contributes to a scalable network that supports long-term growth. Polygon token development involves various steps that ensure a robust and successful launch, such as: The first and most important step in developing tokens on the Polygon blockchain is planning and conceptualization. This step involves defining the utility purpose and functionality of your token. Also, you must identify your target audience and outline the technical and business needs. After that, you have to establish a connection with the Polygon network. This entails creating the necessary environment for development and configuring the fundamental tools. Additionally, you must connect to the Polygon mainnet and testnet and set up the necessary tools for developing tokens, like Truffle or Hardhat. Tokenomics development is one of the important steps where you need to work on defining the economic model of the token. This includes setting up the total supply, choosing the distribution method, reward mechanisms, and more. You need to define tokenomics properly, as it ensures the utility of the token in the long run. Here, you will need to focus on creating the structure of your token, which includes the smart contract design, features, compliance needs, and integration points with other systems like wallets, exchanges, or dApps. Also, you need to choose the right token standard, such as ERC-20 or ERC-721. Once the architecture is finalized, it is time to write the actual smart contract code. For that, you can use Solidity to build secure and efficient smart contracts tailored to the token's logic. Another way is to leverage best practices like modular code structure and gas optimization to ensure performance and prevent vulnerabilities before deployment. Before deploying to the Polygon Mainnet, you must test your token smart contract on the Polygon Testnet. This includes unit testing, integration testing, and simulating real-world scenarios to ensure the token performs correctly. If you find any bugs, logic errors, or performance issues, ensure that you fix them immediately. After thorough testing, the smart contract is deployed on the Polygon Mainnet. At this stage, you also need to configure the initial token distribution and ensure connections with third-party platforms like wallets, DEXs, and analytics dashboards. Post-launch support is important. Ensure that you monitor smart contract performance, address user feedback, and update features as needed. Ongoing technical support, community management, and ecosystem integration help maintain engagement and scalability. That's a wrap for this blog! Polygon is a powerful blockchain that can help you build scalable, secure, and cost-efficient tokens. Also, Polygon's growing ecosystem, low transaction fees, and Ethereum compatibility make it an ideal choice for modern token development. And if you are ready to enter into a decentralized world, partner with Technoloader! It is a leading token development company that offers end-to-end blockchain solutions tailored to your vision. Working with their team can ensure that your token is robust, scalable, and built for the future of Web3. So, reach out to them and discuss your project! TIME BUSINESS NEWS
