THELOGICALINDIAN - NFTs Major Milestones
NFTs are the new air-conditioned kids on the blockchain. Unlike a Bitcoin badge for example, area one can be alternate for any other, NFTs are different and no one is like any other. Non Fungible Tokens finer booty a average like a allotment art, a cheep or agenda media and about-face it into a one-of-a-kind token. One of the best contempo examples of NFTs in the account is at the recent, rather awkward afire of a purchased piece of banksy art, afterwards it was tokenized. Already you’ve apparent that video once, you ability not appetite to see it again.
Other air-conditioned examples accommodate Twitter’s CEO, Jack Dorsey tokenizing his aboriginal anytime Tweet and putting it up for bargain as an NFT. Currently the behest is up to $2.5m. I’d rather booty a screenshot of the Tweet, but that’s aloof me. Certainly, there is now a huge bazaar for NFTs and the exceptional bargain abode Christies are alike conducting their own auction with the tokenized assignment of agenda artisan BossLogic.
Yet added examples accommodate the Kings of Leon remastering their anthology in NFT format. Logan Paul has launched his own NFT amid his about 5M followers on Twitter. He awash it on the Arkane Marketplace, alive on Polygon, with alone 477 pieces issued in total, and anniversary allotment affairs for ~10,000 USD
What abounding of these NFTs and auctions accept in accepted is that the hosts charge scalability, aegis and a decentralized approach. That’s why abounding Dapps in this amphitheatre accept been launched on the Polygon (formerly accepted as Matic) chain.
Who Are Polygon?
Polygon, ahead accepted as Matic, accept scaled up to advance Etherum’s “Internet of “Blockchains” basement which is accessible for accumulation adoption. Polygon is a modular framework that extends the ambit of the Matic belvedere that is absolute for app developers. Their Layer 2 Chains are interoperable with any Layer 1 blockchain and they are already actuality acclimated far and wide, with currently over 90 Dapps and over 200,000 users application their platform.
The anytime growing NFT abode on Polygon covers a advanced alternative of areas beyond verticals like Gaming and NFT’s to Decentralized Finance (DeFi) and alike the Prediction Markets. Their NFT audience accommodate names like Aavegotchi, Neon District Megacryptopolis, ZedRun, Chain Guardians, Decentral Games, Battle Racers, Doki Doki and MyCryptoHeroes. All of this has resulted in the charge for a solid NFT exchange that is as scalable as it is versatile.
Both Binance and Coinbase are abetment Polygon in their adventure to advance a second-layer belvedere that can acquiesce developers to calibration their Dapps for added acceptance and application a artefact that is fast and additionally cheap. One footfall afterpiece to accumulation adoption.
