Kollect Announces Partnership with Polygon
Overview
Kollect’s goal is to become the ultimate hub for NFT collectibles and play-to-earn games using licensed IPs and brands. To help achieve their goals, they are delighted to announce that Kollect has entered a strategic partnership with Polygon!
Polygon is a Layer 2 full-scaling solution for Ethereum and functions as a platform for building and connecting Ethereum compatible blockchain networks. Polygon is designed to facilitate a future where different blockchains no longer operate as closed-off siloes and proprietary communities, but instead as networks that fit into a broader interconnected landscape.
Sandeep Naiwal, Co-Founder of Polygon, said “Ethereum has become the default blockchain for supporting the burgeoning DeFi economy that enables anyone, including the unbanked, to access key financial services like savings, lending, and insurance. But, Ethereum was not designed for DeFi nor GameFi, which is why we built Polygon- to provide a solution to Ethereum’s Scalability. This scalability solution can directly benefit projects such as Kollect which plans on becoming the ultimate hub for NFT collectibles and play-to-earn games using licensed IPs and brands.”
The Kollect — Polygon strategic partnership will help Kollect to build a strong foundation around the world by allowing users to seamlessly interact between different blockchain networks, enjoy low gas fees, and transact at high speeds on the polygon mainnet all while collecting and gaming with their favorite characters and lore for rewards.
Vincenzo Lee, Founder and CEO of Kollect, conveyed that “Kollect shares Polygon’s dream of a fully decentralized ecosystem of Dapps that empowers users to deploy fast and efficient protocols. Collaborating with Polygon ensures that we are on the right track.”
Polygon Value Proposition
Polygon’s value proposition is obvious — not only do they provide a valuable community that has shown strong interest in NFT Gamefi projects, but they also provide a sophisticated layer-two network designed specifically for scaling and application infrastructure. This sophisticated layer-two network design proves especially crucial to Kollect as it solves Ethereum’s predominant challenges, notably slow transaction speeds, and high gas fees.
With Kollect’s partnership with Polygon, Kollectors will no longer have to worry about the high gas fees associated with the Ethereum network. Kollectors will be able to purchase, synthesize, stake, and more all while enjoying transaction speeds 10 times faster than Ethereum, and gas fees that average a fifth of a cent.
Conclusion
Our partnership with Polygon marks a valuable milestone in our conquest to become the ultimate hub for NFT collectibles and play-to-earn games using licensed IPs and brands. With high transaction speeds and low gas fees, Kollectors will be able to enjoy an ecosystem that caters to all their Gamefi needs.
About Kollect
Kollect is the first yield-generating and IP-driven NFT collection book in the GameFi space. Users can purchase Kollect NFTs to complete yield generating collection books and battle with friends on-chain in original play-to-earn card games. $KOL is the utility token of the Kollect ecosystem, and holders can enjoy exclusive perks and drops. Kollect envisions becoming the premium hub for NFT collectibles and play-to-earn games.
About Polygon
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.
