OPENLAKE IS BRINGING NFT MARKETPLACE TO POLYGON

Openlake uses the smart contracts built into NFTs to help manage the rights for music. Publishing, authorship, reproduction, rental and performance rights are just some of the elements covered. Openlake also supports trickle-down rights management, where secondary creations have rights auto-generated by smart contracts.

By integrating with Polygon, Openlake can offer cost effective solutions with lowered transaction fees while ensuring securities for its users. Polygon opens up more possibilities. Openlake will benefit from the Defi ecosystem of Polygon, which is the driving force for the sustainable NFT development.

Openlake aims to reverse the damage via NFT technologies that piracy on the internet made it harder for artists to invest in their craft.

About Openlake

Openlake is the first NFT marketplace which is deeply integrated with AI, IoT and Blockchain technologies. Openlake focuses on Music, Film, Game and Art, and has partnered with top entertainment companies worldwide. With AI and IoT, Openlake supports the streaming of Music NTFs to hardware players and wearable devices which can provide unprecedented experiences. One of the main objectives of Openlake is to reshape the distribution of the pop music songs with the new technologies.

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 Plasma, 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 450+ Dapps, ~350M txns and ~13.5M+ unique users.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

SOURCE: Medium