As the world of NFT grows in popularity, so does the interest in the metaverse. The concept of a 3D environment has long been a part of the gaming industry, but it is now finding its way into other markets such as fashion, social media, architecture, entertainment, and sports. Polygon is one such platform that is helping to advance NFT and blockchain technologies by allowing developers to create scalable DApps (decentralized apps) with low transaction fees and high security.
Polygon has created several fintech solutions for traditional finance, cryptocurrency, and blockchain. Its scaling solution is built on top of the Ethereum blockchain, capable of processing up to 65,000 transactions per second at fees as low as a fraction of a cent plus network fees.
Since Polygon’s launch in 2017, the platform has had over 7,000 DApps, with more than 130 million unique users, and over 3 million daily transactions. With the help of Polygon Studios and its gaming and NFT arm, HoK will be able to expand its userbase and gain access to Polygon’s unique users in different industries.
HoK will get technical and business support for its strategic pillars including HoK, the GenZeroes NFT collection, the GenZeroes live-action series, and HoK’s Project Origin metaverse, which is expected to launch in 2022.
Polygon Studios will also assist HoK and its projects by exploring new collaboration opportunities with Polygon Studios’ clients and collaborators, as well as reposting HoK’s material on its social media channels, including the Polygon Twitter account, which has over 1.2 million followers.
Commenting on this positive development, Dorian Banks, the Chief Executive Officer of LGL, said:
“Establishing a formal collaboration with Polygon is expected to create a number of exciting opportunities for our Company as digital media continues its rapid shift towards NFTs and the metaverse in 2022. Further, we believe there is considerable value to be had from potential arrangements with Polygon’s well-known collaborators in other industries such as technology, entertainment, sports, and video gaming. ”
The strategic collaboration is a commendable long-term initiative that will help Looking Glass Labs scale up while also increasing the value HoK generates for its platform and other NFT communities.
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