Cryptocurrency experts named the most important cryptocurrency events of the week

While the US regulators are trying to tighten their control over crypto companies and the industry itself is facing the consequences of the banking crisis, new projects are giving the crypto market an opportunity to develop. Analysts have identified three events that cryptocurrency enthusiasts should pay attention to this week.

Polugon launches a beta version of the main zkEVM network

After a year of development, the beta version of Polygon’s zkEVM core network will be launched today, March 27. The Ethereum scaling solution uses a zero-disclosure proof-of-stake technology called ZK-Rollups and performs offline computations on the second layer of the network. This is done to reduce the cost and speed up transactions.

«The Polygon zkEVM test network has generated unprecedented interest across the ecosystem. During this time, Polygon zkEVM has only gotten better — faster, cheaper, and more secure. The Polygon Labs team is proud of the level of adoption we have achieved so far,» the company said in a blog post.

Metaverse Fashion Week

On March 28−31, Decentraland will hold a series of fashion shows, design competitions, and discussion panels in virtual reality. This year, the focus is on combining the physical and digital, ensuring interaction between metaverses. For the first time, Adidas and Coach will join the virtual events, while Dolce & Gabbana, Tommy Hilfiger and DKNY will continue their activities in metaverse. Dencentraland, a local design community, will also enter the virtual scene.

Australia launches a pilot project with CBDC

15 companies will take part in a two-month pilot testing different uses of the digital currency supported by the Bank of Australia. They will test the use of CBDC for offline payments and tokenized currency settlements. The project is led by the Reserve Bank of Australia and the Joint Digital Finance Research Center. The pilot testing also involved the payment giant Mastercard, ANZ (Australia and New Zealand Banking Group), and Commonwealth Bank. The research will last until the end of May, the results and conclusions will be collected in a single document, and on its basis, a further plan for the introduction of cryptocurrencies on the mainland will be drawn up.