OpenSea, the leading NFT marketplace by volume, revealed on Tuesday (Aug 30) that it had integrated Polygon to Seaport. The OpenSea team noted that the decision to introduce support for the layer two scaler to its Seaport protocol implementation was arrived at after months of observation. Through the integration, holders of Polygon’s native coin (MATIC) will be able to list and buy on the NFT platform using the token.
“As part of the shift to Seaport, OpenSea now supports using $MATIC, Polygon’s native token, as a payment option. Anyone transacting on Polygon using OpenSea will now be required to pay for their own gas fees for transacting using $MATIC.”
In addition, users will enjoy new features on Polygon not limited to bulk transfers and multiple creator payouts. The announcement post also stated that the marketplace is working to integrate Klaytn and other EVM-compatible chains. The news of Polygon on Seaport came less than a day after Meta announced NFT cross-posting compatibility between its Instagram and Facebook social platforms. The Zuckerberg-led tech giant introduced NFT support on the platform earlier this month with supported blockchains, including Polygon.
GameSwift to launch on Polygon supernets following its Terra Exit
The Polygon network recently became the new home of GameSwift, an ecosystem of games formerly under the Terra hood with the name StarTerra. GameSwift will set up shop in Polygon Supernets, the blockchain’s modular, extensible framework for application-specific, customizable networks. In GameSwift, Polygon is getting what was Terra’s debutant and largest launchpad.
The Web3 gaming ecosystem, which is funded by several capital ventures including KuCoin Labs, SkyVision Capital and Qi Capital, targets consumer-friendliness. GameSwift will include a dedicated browser plug-in to provide users with a wide range of cross-platform possibilities. To support ideas of growth, it will provide comprehensive data analytics to help developers and other interested parties with valuable insights into the project’s data, including user base and performance.
Reddit airdrops the first of its Avatar Collections on Polygon
Earlier this month, Reddit asked select users to choose from four avatar collections titled ‘Aww Friends,’ ‘The ‘Drip Squad,’ ‘Meme Team’ and ‘ Singularity.’ By airdropping the first of said collectibles announced in July, the social media platform took a step towards enhancing user experience using the potential of blockchain technology.
The avatars are based on the Polygon blockchain and can be managed directly on Reddit’s wallet offering, Vault. The blockchain wallet presently provides users with blockchain-based community tokens that are redeemable for in-app features like badges. Deliberately, Reddit has not termed these avatars as NFTs, though they are listed on OpenSea. However, it is nothing to mean that Reddit won’t go there. In fact, the platform has already in the past launched some NFTs – a limited edition dubbed CryptoSnoos mid-last year,
Partisia mainnet V3.0 integrates with Polygon
The Partisia Blockchain Foundation, an independent non-profit firm, is bringing a solution to Polygon for the dilemma of private and public blockchains. The Foundation, which aims to develop a robust zero-knowledge blockchain, has integrated its mainnet v3.0, thereby unlocking unified smart contracts-based technology.
Public smart contracts have often been critiqued for their inadequate concern for privacy, which becomes problematic for use cases that deal with confidential data or information. Meanwhile, private smart contracts safeguard against outside influence or privacy breaches, but they are difficult for other parties to audit or verify.
Partisia is leveraging the privacy/security brilliance of zero-knowledge proofs, and to cater to the deficiencies of this technology, the Foundation is using multi-party computation. MPC is capable of allowing multi-user interactions to support the massive scale of computation required by zero-knowledge proofs and thereby powering unified public/private smart contracts. Thanks to this infra, developers can dabble in various use cases, such as data monetization on decentralized networks, decentralized search engines, decentralized finance, and TradeFi.
To learn more about Polygon visit our Investing in Polygon guide.
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