Polygon has announced that Cassava Network has integrated Polygon PoS. While both sides have been partners before, the most recent one pertains to accelerated adoption, specifically in Africa. Moreover, the partnership between Polygon and Cassava Network entails undertaking programs like literacy about Web3 and blockchain.
The goal is to ensure that Web3 adoption accelerates in Africa to race toward financial inclusion.
Leveraging Polygon gives some of the most important benefits to the Cassava Network. This includes faster speed and economical costs. Programs being planned will be spread across on- and off-chain systems. Their previous partnership centered around powering the user rewards platform and launching an NFT collection. Moving forward, Cassava and Polygon will again join hands to evaluate real-world UBI or Universal Basic Income.
That is precisely what will set the stage for financial inclusion across Africa, rewarding users based on the tasks they complete.
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Cassava Network also has its sights on the Christmas Shilling Pool. That is a reward program wherein winners can claim a portion of the $1,000 reward pool. Participants only have to make a post this Christmas dedicating it to the innovations of the Cassava Network, benefits, or personal achievements. They then have to tag the profile with the hashtag to finalize their submission.
Winners are expected to be announced on the second day of January 2024. The prize pool and reward are in USDT. The campaign comes as a celebration of surpassing 500k users on the platform and 190k followers on X, formerly Twitter. Going by the looks of it, one can only safely assume that many more promotions will be announced in the future.
As for Polygon PoS, it comes fresh from getting support from Rated through an integration. The partnership will bring API access, real-time insights, and comprehensive documentation to empower the community.
All the developments, when combined, have done fairly for the native token of Polygon. It was last seen exchanging hands at $0.7945, an increase of 1.90% in the last 24 hours but a drop of 11.11% in the last 7 days.
Web3 and blockchain have often been looked at to solve financial inclusion. Africa is a region deeply in need since the majority of its population has been reported to have been excluded from the traditional financial system. Thereby denying them benefits that they otherwise deserve. An entry into the Web3 ecosystem would pave the way not just for the current generation but also for future generations, enabling them to stay involved in the financial world in parallel with economies across the globe.
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The move comes at a time when crypto is making a comeback from the winter season, and both sides—Web3 and blockchain—are up for grabs as a hot topic of conversation.
Moving forward, the Web3 community can expect greater participation from Africa, provided the region follows the educational guidelines.
