Unstoppable + Polygon: Hello L2, Goodbye Gas Fees!
Unstoppable Domains will soon be moving to Polygon as our layer 2 (L2) scaling solution. This will allows them to make their NFT domains free to claim and manage on L2 starting on November 15th, 2021 with $0 gas fees for transactions on L2.
This decision brings them one step closer to fulfilling their mission to onboard three billion people to the decentralized web by making NFT domains more accessible for everyone. We’ve long believed that NFTs should be about ownership, not subscriptions, and accessible for all, which is why we’ve never charged our customers renewal fees for their domains. Soon, by joining Polygon, all gas fees for Unstoppable Domains users will also be covered on Polygon’s full-stack scaling solution. This means that Unstoppable Domains customers will be able to buy NFT Domains and make updates to domains without having to pay claim fees, renewal fees, or gas fees on L2.
When picking a technology to build on top of, they consider two primary things – cost of transactions and how easy it is for apps to support. Both are important for a successful naming system. With fees 1000x cheaper than Ethereum and with wide support from wallets, dapps, and exchanges, and believe that building on Polygon will provide the best experience to their customers today.
By using Polygon instead of Ethereum, the average customer will save $165+ in gas fees per year, per domain (assuming you do 10 transactions per year on your domain using average gas prices for 2020). And if the price of gas on ethereum goes up higher you’d potentially save even more.
Why 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, commit chains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 1000+ applications hosted, ~600M total transactions processed, ~100M unique addresses, and $5B+ in assets secured.
We know this update has taken longer than we had originally anticipated and appreciate our community’s patience and support. We’re confident that Polygon is the right choice for our customers. Making NFT Domains more accessible for everyone is an important first step to bringing about greater adoption and we look forward to working with the community to build the future of web3.
A Place to Answer All of Your L2 Questions
In preparation for the upcoming changes they’ve created a new L2 Help Center page to provide answers to frequently asked questions. As always, our community team will be available to answer questions.
