Superfarm Partners With Polygon On NFT Scalability
Cross-chain DeFi protocol SuperFarm is integrating with Polygon to bring cryptocollectibles, or NFTs, to the masses.
NFTs: A Costly Business
Superfarm will now make use of the Polygon network, allowing users to create fast and low-cost NFTs using layer-2 solutions despite typically high gas fees on the Ethereum network.
Right now, creating NFTs is costly because the Ethereum network is congested with activity. Until Ethereum 2.0 arrives, Polygon hopes to cut costs for those who want to use the network.
“Users are priced out of interacting on-chain due to high gas fees on Ethereum,” Polygon’s co-founder, Sandeep Nailwal, said. “Polygon’s scaling solution aims to solve that and provide a superior user experience without compromising on security.”
He added that SuperFarm users will be able to mint, sell, and farm NFTs for less than $0.01.
What Are Polygon and SuperFarm?
Polygon, backed by Coinbase and Binance, is already popular with NFT collectors. It uses Layer-2 secured changes and sidechains to create a scaling solution for the Ethereum blockchain.
SuperFarm, meanwhile, allows anyone to turn a token into an NFT farm with no code required. The project aims to produce collectible tokens for use in AAA games and other applications.
Disclosure: This author held BTC, ETH, and DOT at the time of press.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article