Artifest receives Technical Grant from Polygon Foundation

Artifest is building the first-ever platform that is bringing real-world assets to NFTs and unlocking the true power of real-world rare valuable assets such as Diamond jewellery, sculptures, paintings, collectibles, Antiques, music, and various forms of art. Artifest is delighted to announce that it received a technical grant and show of support from leading blockchain infrastructure provider Polygon.

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Polygon already powers multi-billion dollar worth of decentralized applications spanning across DeFi, NFTs, social media, and gaming.

Polygon recently awarded a technical grant to Artifest and recognized the enormous potential it presents to the fast-growing network. Artifest is a dedicated platform for NFT’s, artists, and everything related to art by keeping the digital revolution intact we are taking this revolution one step ahead by bridging physical arts to the digital world.

Artifest will utilize the grant & support from Polygon to accelerate its first-ever phygital_NFT marketplace on the network. Artifest will deploy its phygital_NFT marketplace and Metaverse ecosystem on Polygon to tap into the network’s high speed and low-cost transactions. This move is vital as Artifest is poised for a period of massive user growth through the adoption of its revolutionary marketplace among the NFTs artists and users.

Polygon greatly appreciates that Artifest is building on top of its infrastructure and supporting the mission to bring real-world assets to NFTs.

The revolutionary Artifest ecosystem makes Polygon Network a natural choice and having the team’s backing is another significant milestone in our quest to deliver the exciting projects on our roadmap.

SOURCE: 
Medium