DraftKings Marketplace has partnered with the Ethereum Polygon-based scaling platform to expand its blockchain capabilities and drive widespread adoption of custom NFTs. At the same time, unique addresses on the Polygon network hit a new record above 100 million.
DraftKings accesses Polygon
As a result of the partnership, DraftKings now has access to a scalable and environmentally friendly blockchain solution, the company noted in a recent announcement.
Paul Liberman, co-founder and president of Global Products and Technologies at DraftKings, noted that scalability and sustainability seemed to be the biggest challenge for most blockchain networks, which is why his company focused on Polygon. .
“[However,] As we lay the foundation for tomorrow’s DraftKings Marketplace vision today, Polygon’s extensive information and proven products around scalable solutions are invaluable, ”said Liberman.
By leveraging Polygon’s technology, DraftKings will enhance the capabilities of its NFT marketplace, providing users with an enhanced experience, including access to exclusive collections of non-fungible tokens, said Sandeep Nailwal, co-founder of Polygon.
In August 2021, DraftKings Marketplace was created in partnership with Tom Brady’s NFT Autograph platform. It offers users the ability to buy and sell sports collectibles from some of the most popular athletes such as Usain Bolt and Simon Biles, the American gymnast.
DraftKings to become a polygon validator
As part of the partnership, DraftKings noted that it has the option of becoming a validator on the Polygon network, which will allow DraftKings to create blocks and authenticate transactions using a consensus protocol of proof of stake (PoS).
In addition, if DraftKings agreed to become a validator on Polygon, it would ensure the security of the network infrastructure and also reduce the monetary cost of transactions.
Polygon NFT Vision
The partnership came at a time when Polygon was gradually focusing on the development of NFT.
Earlier this year, Polygon announced the launch of Polygon Studios, an initiative that will focus exclusively on blockchain-based game developments as well as non-fungible tokens.
The idea is to make the network attractive and to attract more users to adopt its products and services.
Surges of MATIC holders
So far, the initiative appears to be in Polygon’s favor as the number of addresses currently holding the network’s native MATIC token has continued to increase.
According to data from Polygon Scan, there are currently over 100 million unique addresses holding the cryptocurrency, with the highest number of new account registrations registered on September 23, 2021, where 2.5 million addresses have been added.
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