The9’s NFTSTAR Comes To Polygon
The9 Ltd., an online entertainment company, Polygon and Protocol Labs Inc., announced they plan to collaborate on a new non-fungible-token (NFT) trading platform that provides users with the ability to purchase, trade, and interact with NFTs.
NFTSTAR, a wholly-owned subsidiary of The9, will prioritize Polygon as the public blockchain for its platform and GameFi Play-to-Earn projects. NFTSTAR is expected to launch in the fourth quarter of this year.
The platform will offer NFT collections created by global stars’ licensed IPs. Users can buy from stars’ NFT collections through the platform, and each NFT collectible will have a unique record on the IPFS network, benefiting from Filecoin and Polygon’s security. The NFTSTAR platform will accept general payment methods, such as credit cards, to offer a simple-to-use way for mainstream consumers to participate. The platform dubs itself a next-generation community where you can buy and trade NFT collections featuring world-class stars.
In addition, Polygon, The9, and Protocol Labs will initiate discussions to form a GameFi fund, which will seek promising GameFi projects to invest in and provide financial and technical support to them. The three parties will also collaborate to identify new partners for the fund and explore potential investment opportunities globally.
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 500+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
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