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Home»NFT's»Polygon: The New Go-To Chain for NFTs
NFT's

Polygon: The New Go-To Chain for NFTs

BSCTimesBy BSCTimesMarch 29, 20222 Mins Read
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Polygon is clearly set on becoming the number one blockchain for all things NFT, and recent announcements have definitely hinted in that direction. Polygon Matic, as part of its development, has announced a $100 million fund for projects aimed at combining the fast low-cost cryptocurrency with both Blockchain Gaming and NFT.

They also want to be the leader in blockchain gaming and NFTs, two areas that are already interconnected. As part of this ambitious strategy, they unveiled Polygon Studios, which will fund developers to create both Gaming and NFT projects using the Polygon Matic Chain, cementing it as the go-to blockchain for these two areas.

On top of that, Opensea, the world’s first & largest NFT marketplace, has recently announced that Polygon assets can now be traded over on their platform and that they are covering the cost of gas for users! That’s right the layer 2 blockchain low gas fees are going to be entirely covered by the platform, letting users trade NFT faster and without having to pay attention to the price of gas as much as they do on Ethereum, all while reducing carbon emissions as well, Polygon being Proof of Stake.

Moreover the last few months have seen a number of blockchain-based web 3.0 games, like Decentraland and the Sandbox opt for Polygon as their scaling solution of choice, so the market is clearly paying attention to the purple-themed blockchain.

One last piece of news would be that Beeple, the world-famous NFT artist who sold his digital artwork on auction for $69.3 million previously, has chosen to launch his new NFT venture WeNew on Polygon (MATIC), both for scalability and environmental reasons.

Suffice to say the future is very bright for NFT and Gaming on Polygon, and the next few months are going to be a rollercoaster of new projects coming up onboard the decidedly very successful blockchain.

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