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Friendzone, a decentralized social marketplace with native reward share, is set to launch on Polygon PoS. The integration will boost Friendzone’s growth as it leads social media’s Web3 transformation, the platform said. Further expansion is expected with Friendzone later launching on Polygon zkEVM. Friendzone, the social Web3 platform with native reward share, is expanding to Polygon PoS, according to details shared with CoinJournal today. Polygon PoS is Friendzone’s first blockchain expansion and the team expects further integration with Polygon zkEVM will follow. Friendzone, which boasts core contributors and advisors from leading crypto projects such as Synthetix, Band Protocol and Koinly, said it will leverage Polygon’s infrastructure to bolster adoption of SocialFi applications. For instance, Polygon brings cross-chain syncing and composability to Friendzone, opening up the social marketplace for developers. Launching on Polyg...

The platform enables the conversion of traditional assets into digital assets and makes way for faster and more secure settlements on-chain. American banking giant JP Morgan debuted its in-house blockchain collateralization platform called Tokenized Collateral Network (TCN) on Oct. 11, reported Bloomberg. TCN settled its first trade for asset management giant BlackRock. Tokenized Collateral Network is an application that allow investors to utilize assets as collateral. Using blockchain technology they can transfer collateral ownership without moving assets in underlying ledgers. The TCN network in its first public collateralized trade between JP Morgan and BlackRock turned shares of one money market fund into digital tokens, which were then transferred to Barclays Plc as security for an over-the-counter derivatives exchange between the two companies. The first internal test of TCN was conducted by JPMorgan in May 2022 and has a pipeline of other clients and transactions now that T...