- Polygon has announced that it will be present at the upcoming WEF summit in Davos.
- Polygon’s co-founder makes key predictions and lists NFT and DEFI projects poised to rise in 2023.
Polygon has continued to expand its visibility with new partnerships, along with other strategic moves. In a recent announcement, Polygon blockchain has disclosed that it will join global leaders in the 2023 World Economic Forum.
Polygon took to Twitter, explaining that it will be present at Davos, a popular town in Switzerland, known for hosting the World Economic Forum (WEF) annually.
Polygon added that it will be joining other world leaders to speak on the Web3 ecosystem and the benefits that Blockchain technology brings to the tech industry.
DAVOS 2023
Davos is where world leaders gather 🫱🏾🫲🏼
We’ll be there because we believe #Web3 creates a more equitable future. We’re looking forward to joining the conversations on the benefits that wouldn’t be possible w/out blockchain tech. pic.twitter.com/kxbMRuj17B
— Polygon (@0xPolygon) January 12, 2023
Furthermore, Polygon states that it is committed to pioneering mass adoption for public blockchain platforms, and building infrastructure that is significant in value, and accessible to as many as possibles
The move is beneficial for Polygon, as it continues to increase adoption across the globe. Speaking at the WEF summit could also help the network gain even more publicity and popularity across the traditional finance markets.
Polygon reveals key trends to watch for for in the DEFI Ecosystem
In 2023, Polygon has some expectations for the DEFI market, particularly on the Polygon blockchain. Presently, Polygon boasts of 203 DEFI projects listed, and 63 out of the 203, listed on the polygon network.
In the months ahead, Polygon Labs CEO is predicting that certain projects including Lido are worth keeping an eye on. Ryan Wyatt explained;
In regards to the DEFI and other on-chain finance themes to look out for on Polygon in 2023, there are projects like Lido, Stader and Tenderize. We’re going to see a huge focus on liquid staking in the polygon ecosystem.
Liquid staking has in fact presented itself as beneficial for users who want to earn staking rewards while being able to transfer or trade their assets.
When it comes to the NFT ecosystem, Wyatt points to two projects, one of which he believes will thrive this year, and another, which will serve derivatives traders.
Additionally, the NFT Fi and the NFT finalization is going to be really big in 2023. With the movement away from centralized exchanges, there’s definitely still a need for users to trade with leverage and derivatives ; just in a more decentralized way.
He adds that projects like Gainsnetwork can bridge that gap.
Subscribe to our daily newsletter!
No spam, no lies, only insights. You can unsubscribe at any time.
As decentralized identity rises in the broader crypto and blockchain market, he expects a rise in on-chain credit and under collateralized lending protocols like Clearpool and Atlantis, RociFi and Teller.
Lastly, he mentions that the bear market has forced him to become a UX maximalist, and that he is mainly focused on the UX and UI aspect of the Polygon/DeFi ecosystem. He further explains that user experience (UX) and user interface (UI) will see massive improvements in 2023 and beyond. This will in turn accelerate the adoption rate of the Polygon ecosystem.
