DraftKings Marketplace Chooses Polygon for Mainstream NFT Adoption

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

DraftKings Gains Access to Polygon

Following the partnership, DraftKings now has entry to a scalable and eco-friendly blockchain resolution, the agency noted in a recent announcement.

Paul Liberman, co-founder and president of world 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 mentioned.

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 mentioned.

In August 2021, DraftKings Marketplace was established in partnership with Tom Brady’s NFT platform Autograph. It provides customers the chance to purchase and promote sports activities collectibles from a number of the hottest athletes reminiscent of 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 enable DraftKings to create blocks and authenticate transactions utilizing a proof-of-stake (PoS) consensus protocol.

Furthermore, ought to DraftKings settle for to turn into 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 step by step shifting its focus to NFT growth.

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

The concept is to make the community attractive and appeal to 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 data from Polygon Scan, there are at present over 100 million distinctive addresses holding the cryptocurrency, with the very best variety of new account sign-ups recorded on September 23, 2021, the place 2.5 million addresses had been added.

Polygon Network Addresses. Source: Polygonscan
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 provide).

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

JPMorgan Sees 28% Upside For Bitcoin: Report

Banking large JPMorgan mentioned in a observe Wednesday that bitcoin and cryptocurrencies are now amongst its most popular “alternative”...

5 Best Cryptocurrency to Buy for Long-Term Returns May 2022 week 4

As the bulls progressively return to the Crypto market, traders are lastly reminded of why they want the most...

El Salvador Central Bank Bitcoin Summit

What occurred in El Salvador to encourage 44 different countries to ship representatives from 32 central banks and 12...

SOL Price May Hit $40 Low

The Solana worth prediction exhibits that SOL is shifting sideways, the coin is doubtless to dig dip due to...
- Advertisement -spot_img

FTM Has Been Trending Bearish

Fantom (FTM) Price Prediction – May 24Fantom (FTM) market has been trending to bearish because it trades in opposition...

BTC May Retrace Above $29,500

The Bitcoin value prediction exhibits BTC is rising from the opening value of $29,000 because the shopping for curiosity...

Must read

JPMorgan Sees 28% Upside For Bitcoin: Report

Banking large JPMorgan mentioned in a observe Wednesday that...

5 Best Cryptocurrency to Buy for Long-Term Returns May 2022 week 4

As the bulls progressively return to the Crypto market,...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you