With 40,000 applications built on Polygon, the blockchain platform has onboarded some of the biggest traditional brands in the world. We are at a pinnacle of the market, and Polygon is one of the leaders bringing household Web2 names, like Starbucks and Nike, into the next era of the internet. As decentralised applications play a bigger role, we believe that by deploying on Polygon, we can take AI and blockchain to more businesses, consumers, and developers, enabling them to interact directly with one another. Telegraph is a great example of the beginning of how developers can use Polygon to merge blockchain with AI which some say is what is needed to bring more people to the industry.
We are cautious when using phrases like game-changer and first mover so instead of saying it, we showed Telegraph to our blockchain network and they said those very phrases. We are confident that we have sincerely designed the first public permissionless bridge of its kind that enables developers (even with very little experience) to add 20 lines of code to their project or protocol and interact with 5 blockchains. The real first-mover opportunity we see is the ChatGPT integration to the Telegraph bridge, on the Polygon network, which enables anyone to type basic or complex instructions with immediate outcomes, that would normally take more time and resources doing it the traditional way.
We feel the Polygon blockchain is a leader when it comes to onboarding large, traditional brands to its platform which is what is needed to bring billions of people to the blockchain if they’re going to use it in their everyday lives. Because the Polygon ecosystem has made building decentralised applications so simple, Telegraph has an opportunity to capture a part of the market where the majority of developers who are learning to code, or even veteran devs that love to test their skills on new technology, can easily and quickly build applications and bridge to several chains. We see this type of innovation as the foundation of how unicorns are born and how quickly the industry scales.
Telegraph’s ChatGPT plugin serves as a user-friendly bridge to various blockchain functionalities where developers can simply converse with the chatbot, create wallets on the fly, copy trading, arbitrage opportunities, portfolio management, and customizable alerts, making it easy for anyone to access and manage their digital assets without any prior experience. Compared to other blockchains and bridges which take hours to learn and create, Telegraph node runners can set up a node in 30 seconds.
About Polygon Labs:
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding unique addresses exceeding 211 million, over 1.12 million smart contracts created and 2.36 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for dApps you develop, get started here.
About HOKK Finance
HOKK Finance is a multi-chain DeFi ecosystem centered around a blockchain oracle called Telegraph that makes cross-chain communication for smart contracts across multiple blockchains, both easily accessible and affordable. Current blockchain bridge node networks keep their systems behind registrations and approvals, which in turn stifles innovation as smaller developers are unable to take their smart contracts to the next level. With HOKKFi, developers will finally have a cross-chain bridge and ecosystem that they can integrate into their project with a few lines of code, with no registration required. Rather than downloading the full blockchain, validators will use external full node providers to communicate with the chains in question, keeping the validators lightweight and fast to set up. In order to ensure that the number of network validators does not increase exponentially, the bridge will implement a one-time dynamic increasing fee for each new validator, paid in the ERC-20 version of the HOKK Finance ($HOKK) token. This is a non-refundable payment that locks the tokens indefinitely. Validators will be rewarded with Telegraph tokens (MSG), which are linked to the fees generated from each successfully transmitted message. This resource will be an openly accessible/open-sourced ecosystem, a model which does not exist in bridges today. Although the bridge is an openly accessible/open-sourced ecosystem, HOKKFi is dedicated to improving and marketing the bridge with a portion of the generated fees going directly to a wallet controlled by our entity. Code updates made by this entity are not unilateral and would still require the approval of a majority of the validators. This ensures that the bridge continues to consistently grow without the fear of a hostile takeover by a malicious individual or group.
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