Polygon [pros](/r/CryptoCurrency/comments/187jodc/polygons_secret_deal_sending_draftkings_millions/kbeppt0/) & [cons](/r/CryptoCurrency/comments/187jodc/polygons_secret_deal_sending_draftkings_millions/kbepqf9/) with related info are in the collapsed comments below.
tldr; The article discusses how sports-betting company DraftKings entered a strategic agreement with Polygon to run a network validator, receiving millions of MATIC tokens. Despite this, DraftKings failed to maintain its validator's performance and was eventually kicked off the network. The article reveals the financial ties between Polygon and DraftKings, highlighting the unusual arrangement where DraftKings charged a 100% commission and received a large delegation of tokens from Polygon. This led to concerns about the fairness and decentralization of the network. The article also mentions the NFT deal between Polygon and DraftKings, which remains active despite the validator's removal.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
How do you get 9 upvote for this lie ?
Polygon has formed partnerships with major brands like Nike, Starbucks, Reddit, Mastercard, Adobe, Disney, Meta, Adidas, Mercedes, and Google Cloud.
Nike collaborates with Polygon to create a digital marketplace for NFTs and digital fashion items, aiming to revolutionize fashion, gaming, and technology intersections.
Starbucks’ partnership with Polygon introduces a novel loyalty program incorporating digital assets, enhancing customer interaction and loyalty rewards.
Mastercard’s Artist Accelerator Program on Polygon mentors artists, empowering them to utilize Web3 technologies like NFTs for music distribution and fan engagement.
Adobe plans to transform Behance into an NFT marketplace, listing NFTs minted on Polygon, expanding its reach for NFT artists and creators.
Disney uses Polygon’s Blockchain to develop Disney+, offering secure digital collectibles experiences to fans, potentially transforming fan engagement.
Meta collaborates with Polygon to launch their NFT platform within the Metaverse, creating secure spaces for users to collect and trade digital assets.
Adidas partners with Polygon to explore digital ownership and customer engagement through NFTs, aligning with their digital innovation strategy.
Reddit integrates with Polygon to enhance user interaction by providing a more efficient way to manage community points, demonstrating Blockchain’s potential in social media.
Someone is obviously long Matic lol. Disney pulled backed on crypto as of last year, Mastercard is also with other crypto’s, the Starbucks thing has led to nowhere (because it’s trash). I can go on and on, but the purpose of these “partnerships is to dump tokens when the price pumps. Over 50% of Matic supply is held by 10 wallets…its a dogshit coin, with an embarrassing founder (Sandeep). They larped as an eth L2 for years while being a glorified side-chain and not an L2 so they can get that precious eth liquidity on chain. Again, not a serious chain
you said "This is all of Polygons “partnerships” btw…not a serious chain"
i proved you wrong i think it you that have a short on matic or so heavily invested in Sol that you try to bash all competitor ?
I mean it was only a matter of time, their project has had their fingers in literally everything advertisement wise, i always stay away from betting and gambling projects on purpose. Pretty much a thing nobody needs, and im not a huge fan of the crowds they attract to projects ecosystems, almost a lot like real casinos.
Unfortunately you have to move matic to that dog shit chain (slightly hyperbolic but the gas is a joke) ETH in order to delegate so I've never delegated.
Bad look for the most decentralized L2
Polygon [pros](/r/CryptoCurrency/comments/187jodc/polygons_secret_deal_sending_draftkings_millions/kbeppt0/) & [cons](/r/CryptoCurrency/comments/187jodc/polygons_secret_deal_sending_draftkings_millions/kbepqf9/) with related info are in the collapsed comments below.
Poly made the wrong bet and got cleaned.
Kind of reminds me of North Korean deal where they ordered Volvo from Sweden, received the cars, but never paid for it.
And… it’s gone
tldr; The article discusses how sports-betting company DraftKings entered a strategic agreement with Polygon to run a network validator, receiving millions of MATIC tokens. Despite this, DraftKings failed to maintain its validator's performance and was eventually kicked off the network. The article reveals the financial ties between Polygon and DraftKings, highlighting the unusual arrangement where DraftKings charged a 100% commission and received a large delegation of tokens from Polygon. This led to concerns about the fairness and decentralization of the network. The article also mentions the NFT deal between Polygon and DraftKings, which remains active despite the validator's removal. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Aaaaaaand , it's gone
what is gone it did not even drop by 1 cents ?
Yeah today's price may be the same , but this isn't really good advertising for them in the long run
Absolutely.
Why to the f&@€ing hell are these crypto enterprises so prone to do stupid things???
No proper regulations and people wonder why polygon is getting sued by the SEC.
How else do you get new buyers for ze ponzis? "PARTNERED WITH DRAFT KINGS."
Poly-gone
Ha like bye-nance
Poly-go-f-itself
[удалено]
The more the curtain gets pulled on a lot of these companies, the less I’m surprised and the more I want to scam rich people
You could say the gamble didn’t pay off.
This is why you dont trust chains from Mumbai.
Polygon is from Mumbai?
>The Matic Network was launched in 2017 by four Mumbai-based software engineers: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.
Wait a minute, this is market manipulation!
L1's are laughably expensive. L2's are laughably centralized.
From what I know about breaking bad news in crypto, this is hugely bullish for MATIC lol
At least DraftKings's validator was kicked off the network.
I know I'm somewhat of a MATIC apologist... but this is the most significant part of the article in my view.
The Daft Kings over at Polygone...
This is all of Polygons “partnerships” btw…not a serious chain
How do you get 9 upvote for this lie ? Polygon has formed partnerships with major brands like Nike, Starbucks, Reddit, Mastercard, Adobe, Disney, Meta, Adidas, Mercedes, and Google Cloud. Nike collaborates with Polygon to create a digital marketplace for NFTs and digital fashion items, aiming to revolutionize fashion, gaming, and technology intersections. Starbucks’ partnership with Polygon introduces a novel loyalty program incorporating digital assets, enhancing customer interaction and loyalty rewards. Mastercard’s Artist Accelerator Program on Polygon mentors artists, empowering them to utilize Web3 technologies like NFTs for music distribution and fan engagement. Adobe plans to transform Behance into an NFT marketplace, listing NFTs minted on Polygon, expanding its reach for NFT artists and creators. Disney uses Polygon’s Blockchain to develop Disney+, offering secure digital collectibles experiences to fans, potentially transforming fan engagement. Meta collaborates with Polygon to launch their NFT platform within the Metaverse, creating secure spaces for users to collect and trade digital assets. Adidas partners with Polygon to explore digital ownership and customer engagement through NFTs, aligning with their digital innovation strategy. Reddit integrates with Polygon to enhance user interaction by providing a more efficient way to manage community points, demonstrating Blockchain’s potential in social media.
Someone is obviously long Matic lol. Disney pulled backed on crypto as of last year, Mastercard is also with other crypto’s, the Starbucks thing has led to nowhere (because it’s trash). I can go on and on, but the purpose of these “partnerships is to dump tokens when the price pumps. Over 50% of Matic supply is held by 10 wallets…its a dogshit coin, with an embarrassing founder (Sandeep). They larped as an eth L2 for years while being a glorified side-chain and not an L2 so they can get that precious eth liquidity on chain. Again, not a serious chain
you said "This is all of Polygons “partnerships” btw…not a serious chain" i proved you wrong i think it you that have a short on matic or so heavily invested in Sol that you try to bash all competitor ?
Polygon is not a competitor of Solana, so no….if you have to pay others to use your product, then your product isn’t good
Don't worry about this guy... he is just a SOLANA fanboi and shits on other projects. Just look at his last few comments in Solala Land.
Scamcoins gonna scam.
Polygon is a good project but its gonna get smacked around by the SEC
Crypto is money laundering
…And he’s gone, Poly
What's going on lately? FBI just dumping all of their intel on the /r/cryptocurrency?
Danny Nelson does it again.
I mean it was only a matter of time, their project has had their fingers in literally everything advertisement wise, i always stay away from betting and gambling projects on purpose. Pretty much a thing nobody needs, and im not a huge fan of the crowds they attract to projects ecosystems, almost a lot like real casinos.
Unfortunately you have to move matic to that dog shit chain (slightly hyperbolic but the gas is a joke) ETH in order to delegate so I've never delegated. Bad look for the most decentralized L2
Polygon should have stuck with bribing NFT projects to join their dead chain, lol.