We are excited to announce the integration of Polygon into the NFTrade platform, allowing for faster and more cost-effective transactions using their full stack layer two scaling solution. With this integration, NFTrade is officially usable on four networks, Ethereum, Binance Smart Chain, Avalanche, and now Polygon. Polygon offers a litany of unique value-adding features for users, and we are happy to be working with the Polygon team to introduce seamless integration of their scalability solution.
As a multi-chain (and soon-to-be cross-chain) NFT marketplace and platform, it is essential to cater to all of our current and future users’ needs. As a marketplace, this means making the transaction process as painless and inexpensive as possible, which Polygon will aid in through its unique offerings.
The Ethereum network still hosts the majority of NFT activity, but with ongoing network congestion and potentially high gas fees, it is not always a viable option for users. Most users do not have the capacity to spend $10-$100+ on a singular transaction fee, a regular occurrence on the Ethereum network, even with recently lower congestion. Polygon offers a dynamic solution through its layer two offering, making Ethereum just as usable as its faster, cheaper (and many times, more centralized) competitors.
Polygon offers many tangible benefits, with one of the most important being the ability for users to conduct gasless transactions. On Ethereum, gas fees can account for a large portion of the total NFT cost, but with Polygon, this is an issue of the past. Users who opt to utilize the Polygon network will not have to pay any gas fees, and with NFTrade charging 0 transaction fees for the first six months of our operations, that means any user can conduct transactions completely free of charge. With this innovative integration, we aim to bring more value to the NFT economy and all the individual users involved.
NFTrade is the first cross-chain and blockchain-agnostic NFT platform. We host the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, 350M+ txns, and ~13.5M+ distinct users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for your Dapp, get started here.