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DraftKings Market Chooses Polygon for Mainstream NFT Adoption

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

DraftKings Good points Entry to Polygon

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

Paul Liberman, co-founder and president of world merchandise and know-how 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 right now for the imaginative and prescient of DraftKings Market tomorrow, the huge insights and confirmed merchandise from Polygon round scalable options are invaluable,” Liberman stated.

By tapping Polygon’s know-how, 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 Market 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 equivalent to Usain Bolt and Simon Biles, the U.S. gymnast.

DraftKings to Turn into a Polygon Validator

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

Moreover, ought to DraftKings settle for to turn into a validator on Polygon, it could present infrastructure safety for the community and likewise cut back the financial price of transactions.

Polygon’s NFT Imaginative and prescient

The partnership occurred to return at a time when Polygon was regularly shifting its focus to NFT improvement.

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

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

MATIC Holders Surges

To this point, the initiative appears to be in favor of Polygon because the variety of addresses presently holding the community’s native token MATIC has continued to rise.

Per data from Polygon Scan, there are presently 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
Polygon Community Addresses. Supply: Polygonscan
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