Mass Adoption of NFTs Expected as Fair.xyz Integrates with Polygon Network

• Fair in partnership with Polygon network has announced an open NFT edition to commemorate the milestones achieved.
• Fair is backed by key players including OpenSea, Binance, YouTube, Meta, TikTok, and Eden Block, among others.

The mainstream adoption of Non-Fungible Tokens (NFTs) is undeniably imminent with the recent proliferation of institutional funds to develop supporting infrastructure. The NFTs are gaining real-world use cases amid the adoption of blockchain technology to streamline global supply chain management. Moreover, NFTs can be used to track the history of a product from raw materials to finished and processed products. 

The Ethereum (ETH) network still controls the lion’s share of the NFT market due to its huge advancements in the smart contract and DeFi ecosystem. Additionally, the Ethereum network has deep liquidity and more headcount users compared to other chains. Most importantly, the Ethereum network has advanced layer-two scaling solutions like Polygon (MATIC), and Arbitrum (ARB). 

As a result, NFT DeFi protocols can enjoy the security and decentralized nature of the Ethereum network without compromising scalability.

Fair NFT Tap of Ethereum Network Via Polygon L2 Solution

According to the announcement by Fair Protocol – an NFT marketplace backed by top crypto investors like Binance, OpenSea, and Web2 tech hubs like YouTube, TikTok, and Meta – NFT enthusiasts now have an option of minting through Polygon or Ethereum on the platform. The move is geared towards making NFTs accessible to all by lowering the minting and transaction fees.

By integrating with Polygon, we’re now able to provide a remarkable experience for creators, empowering them to unleash their creative potential without limitations,

Says Isaac Kamlish, one of our Co-Founder here at Fair. xyz, adding:

This milestone allows artists and collectors to create, mint, and interact with NFTs in a more accessible and sustainable manner. We believe this will create endless possibilities for the creative community.

In a bid to commemorate the partnership milestone between Fair and Polygon, an exclusive open edition NFT on the Fair platform. As of publication time, more than 3739 NFTs had been minted with zero fees via the Polygon network on the Fair protocol.

To celebrate this moment, Fair and @0xPolygon bring you an exclusive Polygon Open Edition NFT on Fair.

Follow us for the latest crypto news!

Don’t miss your chance to mint here https://t.co/DfMtUNIVCq

— FAIR.XYZ (@fairxyz) July 20, 2023

The integration of Fair protocol with the Polygon blockchain is strategic to help onboard more NFT traders amid mainstream adoption of digital assets. Moreover, the Ethereum blockchain is faced with high transaction fees and minting value during network congestion. Notably, the Fair protocol has worked with the Polygon network in the past to help launch Polygon’s first NFT on its zkEVM network.

Market Outlook 

The increased integration of DeFi protocols with the Polygon network will significantly help stamp its authority in the layer two scaling solution. Currently, the Polygon network has a reported total value locked (TVL) of about $1 billion and a stablecoins market cap of around $1.4 billion. Leading DeFi protocols on the Polygon network include Uniswap, Quickswap, AAVE, and Balancer V2, among many others.

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