It was an amazing first week at polygon fellowship. In this class, we learned about some of the most crucial aspects of web3 space. We had a blast with the introductory session of walkthrough with ethereum and polygon ecosystem. Our discussion covered how polygon is contributing to the Web3 space through its programs, the motto it follows, and the support it offers to developers for building on top of it.

Sessions and assignments during the week acted as catalysts in boosting our knowledge and experience of web3 space. We learned a great deal about working with decentralized exchanges, deploying smart contracts, minting our own NFT at NFT marketplace, and how an actual transaction record looks like.

Starting with dexes we worked with quickswap exchange and learned how we can swap native matic tokens with some other tokens(in my case i swapped matic with USDT). We also learned about how the actual swap takes place, how to become a liquidity provider of a particular token pair, and the process of earning APY.  Following that, we looked at polygonscan, a chain explorer that indexes all transactions on the polygon network, and understood the meaning of the terms involved in a transaction record (txn type, nonce, gas limit, etc.). We then deployed our first smart contract on the Ethereum network, for which we learned how to create a project at alchemy to use it as a node and how to configure hardhat for deploying smart contracts. Last but not the least as an introductory exercise, we minted a NFT over Opensea NFT Marketplace, and learnt about lazy minting at Opensea, which is the mechanism behind zero fee based NFT minting.

We also learned a lot about web3 space from the sessions organized during the week, in addition to the assignments. We were introduced to the usecases and applications of a blockchain network in Defi, NFT, Metaverse, what DAOs are, how they work, and which consensus mechanism they follow. Additionally, we were able to learn how decentralized storage mechanisms can be used to store immutable blockchain data and how they can be used with Infura.

Overall, the first week was full of learning and focused on building a knowledge base for the upcoming weeks.

Looking forward to a great learning experience in the upcoming weeks.

#WAGMI