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Showing results for tags 'polygon network'.
Instagram, the popular social media app owned by Meta Platforms, is set to launch its NFT integration pilot for the platform on Monday. According to the report from CoinDesk, Instagram is planning non-fungible token (NFT) integrations for Ethereum, Polygon, Solana and Flow. A small group of NFT enthusiasts from the United States will participate in the pilot. It's unclear whether Instagram will support NFTs from all four chains when it launches. Unlike Twitter, Instagram will not charge its users a fee for displaying NFTs according to CoinDesk. Instagram will support widely used crypto wallets like MetaMask. https://www.coindesk.com/business/2022/05/08/metas-instagram-to-support-nfts-from-ethereum-polygon-solana-flow/
DeFi project Teller has officially made the "first unsecured DeFi mortgage;" possible via USDC.homes, a company that partners with mortgage lenders and brokers to facilitate crypto home loans. The new owner purchased an apartment valued at $680,000 in Austin, Texas, using a $500,000 USDC stablecoin mortgage issued by Teller via the Polygon network. The platform allows cryptocurrency holders to obtain regular uncollateralised mortgages based on their credit scores. According to Ryan Berkun, Founder and CEO of Teller, it blends the best of both worlds, "This innovative mortgage loan market, built on the Teller protocol, integrates a mainstream user experience with the digital asset backend infrastructure of DeFi." https://decrypt.co/98655/ethereum-defi-project-teller-facilitates-first-uncollateralized-mortgage-loan