• Polygon announces that it will be present at the next WEF summit in Davos.
• Polygon president makes key predictions, lists NFT and DEFI projects poised to grow in 2023.

Polygon has continued to expand its visibility with new partnerships, along with other strategic moves by the network. In a recent announcement, the Polygon blockchain revealed that it will join world leaders at the 2023 World Economic Forum.

Polygon through Twitter explained that it will be present in Davos, a popular city in Switzerland, known for hosting the World Economic Forum (WEF) annually.

Polygon added that he will be joining other world leaders to talk about the Web3 ecosystem and the benefits that Blockchain technology brings to the tech industry.

DAVOS 2023

Davos is where world leaders meet 🫱🏾‍🫲🏼

We will be there because we believe #Web3 create a more equitable future. We look forward to joining the conversations about benefits that would not be possible without blockchain technology. pic.twitter.com/kxbMRuj17B

— Polygon (@0xPolygon) January 12, 2023

Furthermore, Polygon states that it is committed to pioneering the mass adoption of public blockchain platforms and building an infrastructure that has significant value and is accessible to as many as possible.

The move is beneficial to Polygon as it continues to increase adoption around the world. Speaking at the WEF summit could also help the network gain even more publicity and popularity in traditional financial markets.

Polygon reveals key trends to watch out for in the DEFI ecosystem

In 2023, Polygon has some expectations for the DEFI market, particularly on the Polygon blockchain. Polygon currently has 203 DEFI projects listed, with 63 of the 203 listed on the polygon network.

In the coming months, Polygon, through CEO Ryan Wyatt, is predicting that certain projects are worth keeping an eye on, including the Lido.

“Regarding DEFI and other on-chain finance issues to watch out for at Polygon in 2023, there are projects like Lido, Stader and Tenderize. We are going to see a big focus on liquid participation in the polygon ecosystem.” explained Ryan Wyatt, president of Polygon Labs.

In fact, liquid staking has been touted as beneficial for users who want to earn staking rewards while being able to transfer or trade their assets.

When it comes to the NFT ecosystem, Wyatt points to two projects, one of which he believes will thrive this year and another, which will serve to help derivatives traders.

“Also, the completion of NFT Fi and NFT will be really big in 2023. With the move away from centralized exchanges, there is definitely still a need for users to trade with leverage and derivatives; just in a more decentralized way.” He says, adding that projects like Gainsnetwork can bridge that gap.

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As decentralized identity increases in the broader crypto and blockchain market, expect an increase in credit on-chain and under collateralized lending protocols like Clearpool and Atlantis, RociFi, and Teller.

Ryan also mentions how the bear market has forced him to become a UX maximalist and that he primarily focuses on the UX and UI aspects of the Polygon/DeFi ecosystem. Furthermore, he explains that the user experience (UX) and user interface (UI) will see massive improvements in 2023 and beyond. This, in turn, will accelerate the adoption rate of the Polygon ecosystem.

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