Origin Protocol chooses Polygon as NFT scaling solution of choice
DUBAI, UAE / ACCESSWIRE / September 2, 2021 – Origin Protocol (OGN), the leading platform where top creators launch their NFTs, announced today their integration with Polygon to overcome scaling issues and offer mainstream NFTs to the masses.
Origin Protocol’s NFT Launchpad is best known for its record-breaking NFT drops, Including those from high calibre celebrities and brands such as Paris Hilton, 3LAU, and Rolling Stone.
The team has long made mainstream adoption of NFT’s a core tenet of theirs, leading to a community governance vote to support Polygon as the Platform’s first alternative to Ethereum’s costly minting and transfer fees.
“Today, NFTs are rapidly trading on Origin and other platforms, generating nearly $3B of sales this month alone. However, the number of NFT creators and buyers still numbers in the hundreds of thousands. As an industry, there’s still a long way to go before NFTs penetrate mainstream audiences. To get there, NFTs need to be cheaper and more accessible to the average user that may be relatively new to crypto,” said Origin Protocol co-founder Matthew Liu, who was the third product manager at YouTube.
As one of the leading NFT platforms, Origin has had the privilege of working with numerous high-profile creators, including Paris Hilton who recently joined them as an investor and advisor.
A common theme for mainstream brands making the foray into NFTs has been their desire to sell NFT’s at more accessible price points for their mainstream audiences. The amount average consumers are willing to spend on NFTs can be up to ten times less than what it costs to mint a single NFT on the Ethereum blockchain.
By integrating with Polygon, Origin’s creators will now have access to a fast, efficient, scalable, and environmentally-friendly solution that can mint NFTs at a cost of one cent or less, and secure them with compressed batches on Ethereum’s main chain.
Now, artists who want to offer affordable NFTs to their fans will be able to do so using the Origin NFT Launchpad and marketplace. This includes creating NFT tickets, access passes, and other utility-driven use-cases that have until now been economically unfeasible on Ethereum’s main chain.
“We’re delighted to enable Polygon-based NFTs across the entire Origin platform, providing users with the opportunity to mint NFTs that are both inexpensive and environmentally sustainable,” said Shreyansh Singh, Head of Polygon Studios.
About Origin Protocol
Origin Protocol’s mission is to bring NFTs and DeFi to the masses. Their flagship products are the Origin NFT Launchpad and the Origin Dollar (OUSD). Origin’s NFT Launchpad helps creators unlock new forms of fan engagement and monetization while giving them direct control over content and branding. The Origin NFT Launchpad is known for hosting record-breaking NFT sales.OUSD is designed to be an upgrade to Tether (USDT). It is the first stablecoin that earns competitive Decentralized Finance (DeFi) yields passively in your wallet. For more information, please visit: https://www.originprotocol.com/en/
About Polygon Studios
Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing, and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT Dapps like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games.
If you’re a game developer, builder, or NFT creator looking to join the Polygon Studios ecosystem, get started here.
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 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 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
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I am a Crypto author and journalist. I have been writing about cryptocurrencies and blockchains for over 5 years. I have also been a guest on numerous podcasts and radio shows, discussing these topics. In addition, I am also a crypto advisor and consultant.