Summary: Flux introduces Flux-Matic, a parallel asset that acts as a bridge between Flux and Polygon, expanding DeFi and cross-platform development opportunities and enabling users to seamlessly interact across both chains, all while maintaining the flexibility to switch back to native Flux without losing value.
Cambridge, UK, June 22, 2023 — Today, Flux, a decentralized cloud infrastructure provider, announced adding a new parallel asset to its ecosystem. The newly introduced parallel asset, Flux-Matic, serves as a bridge between Flux and Polygon, fostering interoperability and enabling users to actively interact across both chains. Flux has maintained a consistent pace of innovation over the past few months, achieving notable milestones such as the launch of decentralized WordPress and, more recently, the introduction of enterprise features on Flux Cloud with FluxOS v4.
With the release of Flux-Matic, Flux users can now tap into the explosive potential of decentralized finance on the Polygon network. This parallel asset can be integrated with compatible applications, allowing them to interact seamlessly with both ecosystems and harness their unique features. As a result, DeFi and cross-platform development opportunities are expanded across both blockchains, facilitating a bridge for dedicated developers, communities and new solutions. Traders can take advantage of the new opportunity for arbitrage while maintaining the flexibility to switch back to native Flux anytime without experiencing any loss in value.
The snapshot for this parallel asset was taken on October 31, 2022, and anyone who held Flux during that period is eligible to receive the parallel asset. Distribution of Flux-Matic took place on June 19, 2023, and it can now be accessed via Zelcore.
“We are excited to deploy on Polygon to facilitate interoperability between these two ecosystems due to the scalability, efficiency, and decentralization that the Polygon Protocol provides.. Flux-Matic will pave the way for cross-platform development opportunities, affordable cloud hosting, and a faster, more secure Web3 for all users.” Daniel Keller, Co-Founder of Flux and CEO of InFlux
The Flux Web3 Cloud is a suite of decentralized computing services and blockchain-as-a-service solutions that offers an interoperable, decentralized, AWS-like development environment. Flux uses a native POW (Proof-of-Work) coin to power this ecosystem, supplying incentives for hardware hosters, governance on-chain, and bad actor mitigation via staking requirements for running hardware. The Flux operating system runs on top of Linux to provide the network with verified and benchmarked high-availability compute power and uses the blockchain to ensure transparency in governance operations. Flux node operators can choose from three tiers of hardware requirements to stand up after providing the necessary Flux capital soft-locked in their wallet. This allows anyone to be rewarded for supplying hardware to the network from anywhere in the world. To learn more, please visit https://runonflux.io.
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make scalable, affordable, secure, and sustainable blockchain infrastructure available 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), sidechains, app-specific 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 261 million, over 1.4 million smart contracts created, and 2.7 billion total transactions processed since inception. The existing Polygon network is home to some of the most significant Web3 projects, such as Aave, Uniswap, QiDao, 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.
Name: Betty Kolibacova – CMO of Flux
Organization: InFlux Technologies Limited
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