As another busy week comes to an end, the NFT universe witnessed many new developments. From Polygon teaming up with leading brands to unique new collectibles up for grabs – here are the top NFT news bytes of the week.
Polygon to Offer A Sustainable Way of Minting NFTs
NFT creation platform Cent will integrate Polygon with its Valuables platform to offer sustainable minting solutions. The company is already using Polygon’s blockchain solutions to mint NFTs while lowering the environmental impact by 99%.
As of now, NFT transactions are processed via a Proof-of-Work (PoW) consensus mechanism, requiring the consumption of enormous computational resources to mine each transaction. However, Polygon changes this by utilizing plasma with its Proof-of-Stake (POS) sidechain called Matic POS, powering much higher speed and lower cost transactions.
Nomine(eth) Launches NFT For 2021 Oscar Nominees
Hollywood’s biggest award show, the 2021 Oscars, is just around the corner. To celebrate the milestone, Nomine(eth) has partnered with prominent