Curate x Polygon Integration
Curate, an all-in-one marketplace, is integrating with Polygon, to enable MATIC as a payment option, as well as mint NFTs on the Polygon blockchain.
Upon completion of the integration, which is expected to be completed by August, users can buy and sell physical and digital goods across gaming, electronics, NFTs, clothing, fashion, and more sectors using MATIC. The platform will be accessible from the Curate app, which allows payments with fiat via credit cards or PayPal, and also with cryptocurrencies.
MATIC is the native token of Polygon. It’s a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Polygon.
Curate Going After the Biggest Challenges in eCommerce
eCommerce has been steadily growing over the last few decades. Merchants have been enjoying increased exposure to customers thanks to online platforms that offer a one-stop shopping experience.
However, the bigger the platform, the bigger the fees merchants have to pay. Curate wants to solve that via its marketplace that charges a flat 4% fee, 1% of which is distributed back to buyers and sellers as crypto-cashback.
“The integration with the Polygon will enable us to expand our services to a broader user base, while offering additional utility to token holders in the form of exciting DeFi.” said Mohammed Carrim Ganey, Curate Director and CFO.
By expanding to Polygon, Curate will provide users with a near-instant, low fee payment option, while also enabling NFTs to be minted on the Polygon blockchain. Furthermore, Polygon will be interoperable with Curate’s own blockchain, enabling assets to flow between the two networks.
What is Curate?
Curate is the world’s 1st gasless NFT Marketplace app which provides a fairer and more transparent open marketplace by offering an industry low 4% seller commission. Built on top of Curate’s own agnostic blockchain ‘X-Chain’ making it interoperable with other chains, Curate provides buyers with zero gas fees when they use $XCUR. All buyers and sellers are also rewarded in $XCUR on all transactions.
What is Polygon?
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
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