Crypto:
32277
Bitcoin:
$97.130
% 3.07
BTC Dominance:
%58.9
% 0.11
Market Cap:
$3.07 T
% 2.13
Fear & Greed:
83 / 100
Bitcoin:
$ 97.130
BTC Dominance:
% 58.9
Market Cap:
$3.07 T

What is Polyhedra Network? What are its advantages?

Polyhedra Network

Polyhedra Network is building the next generation infrastructure for Web3 interoperability, scalability, and privacy through advanced zero-knowledge proof (ZKP) technology. Polyhedra Network provides reliable and high-performance interoperability solutions for asset transfers, message passing, and data sharing between various Web2 and Web3 systems.

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ZkBridge is a new generation bridge system that can perform transactions faster and cheaper than other bridge dApps. Transactions from Cosmos to Ethereum, for example, can be sent in 2 minutes and at a lower cost, according to tests.

Polyhedra zkBridge was founded to enable Layer 1 and Layer 2 to work together on top of the LayerZero protocol. It also developed the zkLightClient technology, which is a solution for cross-chain infrastructures.

The Polyhedra zkLightClient technology works seamlessly with LayerZero‘s messaging protocol. This allows developers to easily perform transactions without leaking information.

Supported Networks

Polyhedra Network plans to launch its token bridge systems along with the “Alpha Mainnet“. This will allow you to send your NFTs and tokens to the recipient chain at a lower cost via zkBridge.

Polyhedra zkBridge supports networks such as BSC, Ethereum, Matic, Avax, Optimism, and Arbitrum. You can see the detailed network list in the following image:

Polyhedra

 Polyhedra Network Investors?

Polyhedra Network has raised 2 rounds of investment funds so far. In the first round, it managed to raise a fund of $10 million under the name of “Strategic Partnership”. In this round, it received investment from major companies such as Binance Labs, PolyChain Capital, and Animoca Brands.

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 Polyhedra Network

Polyhedra Network raised $15 million in funding under the name of “PRE-SERIES A”. In this round, it received investment from major companies led by KuCoin Ventures, Foresight Ventures, and Hashkey Capital.

 Polyhedra Network

Polyhedra‘s investment rounds are ongoing. They will likely be able to raise additional investment in the coming process.

Polyhedra Network Token Possibility?

Although there are certain clues about this in the medium articles, there is no detailed explanation about this topic yet.

Polyhedra Network Airdrop Possibility?

Since Polyhedra Network is a project that is invested in by major exchanges such as Binance Labs and Kucoin Ventures, it is a project with the potential to make an airdrop.

Although it is not known whether they will have their own tokens, there is a possibility that Tokenomics will be shared soon thanks to these two exchanges.

Here are some things you can do to increase your chances of winning an airdrop:

  • Join the project Discord channels and collect roles
  • Go to the project website and bridge with existing NFTs
  • Collect points through their “Loyalty Program” launched through Galxe
  • Follow new updates.

 Airdrop

 


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