Launch an efficient NFT marketplace in Polygon for Ethereum’s improves scalability and higher throughput with lightning performance
Ethereum is an open-source, blockchain-based, decentralized software platform that has its own cryptocurrency, Ether. It enables smart contracts and Distributed Applications (DApps) to be built and run without any interference from a third party. Ethereum is not just a platform but also a programming language running on a blockchain, helping developers to build and publish distributed applications. Its pioneering innovation in smart contracts is the backbone of any services and business development in blockchain’s decentralized network. These versatile services from the network gain huge popularity and traffic to the network. The projects were piling up in the network for its enormous services and benefits. Such huge traffic resulted in performance lag and reduced its throughput with increasing transaction costs which reflected in the project’s performance too.
Layer 2 solutions were introduced for scaling and infrastructure development which acts as a side chain to process transactions in the Ethereum network in a synchronized manner. In these second-layer solutions, Polygon is the prominent technology verified by Ethereum. As NFTs circulation is rife in the cryptomarkets NFT marketplace in Polygon will be a better NFT marketplace with efficient performance compared to other marketplaces in the crypto market
Polygon is a Layer 2 solution verified by Ethereum developed in the vision of solving the issues of slow block confirmations and high gas fees for the mainstream audience with a better user experience. Polygon Network is architectured with a decentralized platform using an adapted version of the Plasma framework that provides a solution for faster and extremely low-cost transactions with finality on the main chain. Its architecture is designed to simplify the interaction between users and the decentralized world without worrying about the complexity of the system. The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum mainchain. This enables a single Polygon sidechain to theoretically achieve 2^16 transactions per block which are expected to perform millions of transactions on multiple chains.
Scalability is realized by using a decentralized Plasma operator mechanism that supports our NFT platform to perform multiple transactions.
The platform can scale to millions of transactions on a sidechain tree architecture. The platform can support up to 65k transactions/second on a single Polygon chain.
The NFT platform in the Polygon network is designed to offer a friendly user experience without any complexity in connecting with a decentralized environment.
Polygon‘s Proof-of -stake mechanism supports our NFT marketplace to make secured transactions with the same transparency as in the Ethereum Mainnet.
Polygon network allows our NFT marketplace to connect with multiple sidechain networks for seamless trade and purchase of NFTs from different chains.
NFT Marketplace is a platform that allows creating NFTs with the digital version of your unique assets. NFT marketplace allows to create trade and sell unique NFTs across different marketplaces in the side chains.
The artists play a vital role in NFT art tokenization with their unique assets. Digital arts are trending in NFT’s marketplace by enabling the creation of AR/VR. This technology makes the art unique to acquire a position in the marketplace. These digital arts are trending in the industry and act as a key point to levitate NFT marketplaces.
Virtual assets in games offer exclusive gameplay with rare assets like characters, weapons, and tickets for upgrades. These assets are interoperable but the asset used in a game can not be used in any other games. Polygon network supports the platform to make purchases in different side-chain platforms. Developers can list a unique character in NFT to offer in the games which enables the game developers to generate their revenues in NFT.
NFT is popularized in the fashion industry by its tokenized unique accessories. Consumers can now digitally verify ownership of all their accessories and items like jewels to eliminate the risk of fraud. Consumers can also know details of the place of creation, ownership of the asset, and its originality. Companies started to use these NFTs as a branding tool to elevate their new product’s reach.
Fantasy sports are the type of games where you bid the players and form a team and play for real cash. This stream brings huge revenue and traffic from the market. Our NFT in fantasy sports changes the entire system by tokenizing the teams and players with NFT tokens in which a user can bid for the tokenized player or team and participate in matches for real cash or NFT. The traditional horse race is also adopting this platform where the digital horses will race and the horses will be in the form of NFTs. The price of these horses will be decided by their capabilities and uniqueness.
Nowadays the real estate sector is being modernized by blockchain technology with NFT which is being evolved with interesting gaming methods. Few platforms emerged to offer virtual lands, hotels, houses as we used to do in monopoly. This asset will have value and the assets will be in the form of NFTs which possess surplus values. The user can purchase and sell those assets in the form of NFTs. The value of these assets will steadily rise with the demands and scarcity in the platform.
Our expertise in blockchain enlightens us to develop a reliable efficient NFT marketplace with Polygon advanced features.
As security serves as the key to our success, we inherit Ethereum’s security and transparency in our NFT marketplace that manages all the transactions and other details in a secured medium.
Our enthusiasm for blockchain technology tends to offer futuristic technological advancements like third-party integrations and better visuals.
We offer a reliable environment that can sustain any technological breach and catastrophic failures for the seamless trade of NFTs.
Our portfolio immerses you with the abundance of options to end-to-end customization of your NFT marketplace for your business requirements.
Our NFT marketplace is designed and developed to handle multiple transactions efficiently, which can be expected to perform millions of transactions in seconds.
