Yesterday blockchain scaling solution Polygon announced a strategic partnership with DraftKings. The fantasy sports site has already launched its non-fungible token (NFT) marketplace in conjunction with Tom Brady’s Autograph and recently sold NFTs for football star Rob Gronkowski.
Polygon operates a sidechain for Ethereum. This takes the load of the main Ethereum blockchain, but the primary appeal is cost. Currently, Ethereum is experiencing volatile and high gas fees, which could easily mean that transaction costs would be more than the price of an NFT.
For example, some of the Gronkowski NFTs cost just $25.00. While the transfer cost is around $3.50 at the moment, it’s not uncommon for prices to be near $100 and much more. And that unpredictability makes it very unfriendly for mainstream end-users.
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