DraftKings Marketplace Chooses Polygon for Mainstream NFT Adoption

DraftKings Marketplace has partnered with Ethereum-based scaling platform Polygon to broaden its blockchain capabilities and foster mainstream adoption of custom-made NFTs. At the identical time, the distinctive addresses on the Polygon community have gone to a brand new report above 100 million.

DraftKings Gains Access to Polygon

Following the partnership, DraftKings now has entry to a scalable and eco-friendly blockchain answer, the agency famous in a current announcement.

Paul Liberman, co-founder and president of worldwide merchandise and expertise at DraftKings, famous that scalability and sustainability appear to be the best problem of most blockchain networks, which is why his agency has centered on Polygon.

“[However,] as we lay the groundwork today for the vision of DraftKings Marketplace tomorrow, the vast insights and proven products from Polygon around scalable solutions are invaluable,” Liberman stated.

By tapping Polygon’s expertise, DraftKings will enhance the capabilities of its NFT market, giving customers an enhanced expertise, together with entry to unique non-fungible token collections, Sandeep Nailwal, co-founder at Polygon stated.

In August 2021, DraftKings Marketplace was established in partnership with Tom Brady’s NFT platform Autograph. It presents customers the chance to purchase and promote sports activities collectibles from a number of the hottest athletes resembling Usain Bolt and Simon Biles, the U.S. gymnast.

DraftKings to Become a Polygon Validator

Under the partnership, DraftKings famous that it has the choice of turning into a validator on the Polygon community, which is able to permit DraftKings to create blocks and authenticate transactions utilizing a proof-of-stake (PoS) consensus protocol.

Furthermore, ought to DraftKings settle for to turn out to be a validator on Polygon, it will present infrastructure safety for the community and likewise scale back the financial value of transactions.

Polygon’s NFT Vision

The partnership occurred to come at a time when Polygon was progressively shifting its focus to NFT growth.

Earlier this 12 months, Polygon introduced the launch of Polygon Studios, an initiative that can focus solely on blockchain-backed recreation developments in addition to non-fungible tokens.

The concept is to make the community attractive and entice extra customers into adopting its services.

MATIC Holders Surges

So far, the initiative appears to be in favor of Polygon because the variety of addresses at present holding the community’s native token MATIC has continued to rise.

Per information from Polygon Scan, there are at present over 100 million distinctive addresses holding the cryptocurrency, with the best variety of new account sign-ups recorded on September 23, 2021, the place 2.5 million addresses have been added.

Polygon Network Addresses. Source: Polygonscan
Binance Futures 50 USDT FREE Voucher: Use this hyperlink to register & get 10% off charges and 50 USDT when buying and selling 500 USDT (restricted supply).

PrimeXBT Special Offer: Use this hyperlink to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Latest news

What Is Threshold (T) And Why Is This Lesser-Known Coin Swelling By 146%?

Last yr, NUCypher and KEEP Network merged and created the Threshold Network, a decentralized group that addresses the myriad...

What I Learned From Ignoring Bitcoin – Bitcoin Magazine

This is an opinion editorial by Konstantin Rabin, a finance and expertise author.I am a type of who was...

Dogecoin Price Ascent Slows, But Analysts Are Still Bullish About DOGE

Dogecoin, the unique memecoin of the crypto trade, has not seen a monumental rise in value not like different...

Bitcoin Hash Rate Registers New Highs, A Selloff Imminent?

Based on CryptoQuant data, one observer notes that each time the Bitcoin hash charge data new highs, as is the...
- Advertisement -spot_img

People Rooting For Crypto To Be Shut Down Are Cringe

Hayden Adams, the founding father of Uniswap, thinks folks rooting to have crypto shut down are “incredibly cringe.” Uniswap Founder: Let...

Bitcoin Supply In Loss Hits A 9-Month Low

According to on-chain knowledge from CryptoQuant, a blockchain analytics platform, the Bitcoin provide in loss with the seven-day transferring...

Must read

What Is Threshold (T) And Why Is This Lesser-Known Coin Swelling By 146%?

Last yr, NUCypher and KEEP Network merged and created...

What I Learned From Ignoring Bitcoin – Bitcoin Magazine

This is an opinion editorial by Konstantin Rabin, a...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you