• Polygon and Mercy Corps partnered to fund blockchain pilots, hackathons and a roadshow.
• IOTA’s Shimmer Network is anticipated to emerge and Bitpanda Exchange listed its token (SMR).
• Ripple, Shiba Inu, Elon Musk, IOTA and Polygon have been some of the biggest stories in the crypto market in the past 7 days.
Major Networks Expand with Strategic Deals
Major networks have been expanding their ecosystems with strategic deals that aim to broaden adoption in the market. Despite this growth, volatility has stayed low as investors take a cautious approach with most coins trading sideways in recent weeks.
Polygon Scores New Partnership
Polygon Labs has teamed up with Mercy Corps Ventures (MCV) to pilot real world use cases by providing Web3 tools, resources, and solutions for emerging markets. The partnership will involve three main pillars: funding blockchain pilots for underserved communities; conducting hackathons with developers; running a blockchain boot camp roadshow. MCV has been using Web3 solutions to responsibly test and de-risk cutting-edge innovation.
IOTA’s Shimmer Network Anticipated
Bitpanda Exchange signaled its planned support for Shimmer Network when it posted a question on its official Twitter handle which attracted an affirmative response from the network’s team. This marks the first major exchange listing for SMR tokens after it emerged last December 2020 as part of IOTA’s Chrysalis upgrade.
Biggest Stories of Last Week
The crypto ecosystem saw several big stories during the past week including Ripple partnering up with Finastra, Elon Musk getting involved with Cardano’s Shelley protocol launch event, Shiba Inu entering into decentralized finance space through JustSwap launchpad and more.
Conclusion
In conclusion, we can see that many networks are making strategic partnerships which will help increase mass adoption within the crypto market. However despite this growth investors remain cautiously optimistic as most coins are trading sideways over recent weeks and months.