NFT

eBay’s first NFT Collection drop on Polygon

In a recent turn of events, the global eCommerce marketplace eBay has dropped its first NFT collection that features 3D renditions of the Canadian hockey legend Wayne Gretzky on the fast scaling blockchain network Polygon. 

Following the massive craze and adoption of NFTs by global entities such as Meta, Adidas, Prada, Twitter, Visa, etc., eBay has also joined the NFT wave. According to the official press release, the NFT drop is designed with the help of a strategic partnership with OneOf, a multi-chain NFT marketplace. 

Genesis – First eBay NFT Drop

The collection by eBay is dubbed Genesis and will feature animated 3D renditions of iconic athletes that are featured in Sports Illustrated, one of the US’s most popular sports magazines. The first drop of the NFT is dedicated to the Canadian hockey legend Wayne Gretzky. 

“Forty years ago, I was grateful to be on the cover of Sports Illustrated, it was a monumental moment in my life,” said Gretzky in the press release while adding that he is honoured for the feature. 

The first drop includes 13 limited edition NFT packs in a four-tiered system with varying rarity and starts from as low as $10. Moreover, unlike most NFTs, the Genesis NFTs will be sold for US dollars instead of cryptos on eBay itself. Also, the sales are not on-chain but utilize eBay;s Web 3 platform and the assets will be redeemable using a link sent through chat or email. 

eBay’s vice president of collectables, electronics and home, Dawn Block, said, 

“NFTs and blockchain technology are revolutionizing the collectibles space, and are increasingly viewed as an investment opportunity for enthusiasts. Through our partnership with OneOf, eBay is now making coveted NFTs more accessible to a new generation of collectors everywhere. This builds upon our commitment to deliver high passion, high-value items to the eBay community of buyers and sellers.”

eBay has made a smart move by utilizing Polygon’s scalable network with low gas fees and fast transaction speed. This decision will give the user’s more control and freedom over the NFTs. 

Polygon Ignite is coming to Amsterdam

The world of blockchain is evolving at an unfathomable scale, and this growth is evident from various events being organized every day in different parts of the world. From global conferences to more targeted events, there have been several exciting meetups in the past few years. 

Polygon Network, one of the fastest and lowest gas fees blockchain networks, has also been proactive in holding different events. Polygon Network is the leading platform for Ethereum scaling and infrastructure development that offers developers easy access to major infrastructure and scaling solutions. 

Polygon Ignite is holding a conference in Amsterdam on April 22nd, Friday with a targeted approach of educating the attendees about the development ongoing in Polygon Network. The team from Polygon will discuss the ins and outs of the Polygon Network in the following agenda. 

Agenda for Polygon Ignite

  • 14:45-15:00 Welcome Remarks: Who Are We
  • Speaker: Anurag Arjun, Co-Founder, Polygon
  • 15:00-15:30 Discover Polygon’s Emerging Tech
  • Speaker: Mihailo Bjelic, Co-Founder, Polygon
  • 15:30-16:00 First Look at New Product: Exclusive Demo
  • Speaker: Lazar Travica, Development Lead, Polygon Edge
  • 16:00-16:20 Polygon’s Emerging Tech: Case Studies
  • Video Presentation
  • 16:20-16.30 Rap with Rahat
  • Speaker: Rahat Chowdhury, Developer Advocate, Polygon
  • 16:30-17:10 Polygon ID: Presentation and Demo
  • Speaker: Silvia Aran, Identity Project Manager, Polygon ID
  • 17:10-17:30 Market Risk in Lending Protocols
  • Speaker: Amit Chaudhary, Head of DeFi Research, Polygon
  • 17:30- 18:00 Engaging with the Polygon Developer Community
  • Speakers: Dalip Tyagi, Senior Vice President and Head of Developer Relations, Polygon; Marco Grendel, Dao Lead, Polygon

This excellent lineup of speakers will engage with the audience in an immersive discussion about Polygon’s approach and the future avenues the blockchain network is targeting. This conference is an excellent chance for all blockchain enthusiasts and Ethereum/Polygon developers to connect with the leaders of the industry. 

You can register for the Polygon Ignite event in Amsterdam at Eventbrite

The Layer 2 Solution Polygon launches Liquidity Mining 2.0

The blockchain industry is a world of innovation, and every day there are new developments that bring in more utility and usability for the users. Polygon, the popular blockchain network, is one of the leaders of this innovation and has recently announced another development that will add more utility to the network. 

After the impressive success of Polygon Liquidity Mining 1.0, Polygon has announced the launch of the Liquidity Mining 2.0 campaign. This campaign is the first-ever KPI-based campaign in the form of yield farming for protocols. Some of the noteworthy features of the campaigns include:

  • All the dApps are selected based on their KPIs performance, such as the weekly average users and total value locked. 
  • All the dApps that failed to get liquidity mining earlier were automatically eligible for the campaign.
  • The new campaign is fully transparent and verifiable.
  • The dApps do not require KYC to participate. However, Polygon ensures the security of all the parties involved. 

This campaign will be extremely beneficial for dApps that are building on Polygon or aim to migrate to the blockchain network. Any anonymous team can apply for the campaign, and every month, the distribution is evaluated to give hard-working teams and dApps more allocation the following month. Moreover, the projects will have complete freedom over choosing the use of funds. 

In the initial EPOC, Polygon has selected 28 teams that include prominent names such as Impermax Finance, ODAP, pNetwork, Clipper, Gains Network, Mimo DeFi, etc. dApps who are looking to migrate to Polygon can still participate in the campaign. The dApps that perform well over the next six months will get a chance to receive something special every month. 

About Polygon Network

Polygon is a decentralized Ethereum scaling solution that believes in Web 3 for all. The blockchain network enables developers to build scalable and user-friendly dApps with exceptional security and low transaction fees. Polygon Network is built for developers and by the developers. 

To learn more about Polygon Network, visit https://polygon.technology/

LiveOne partners with NFT platform DaVinci

LiveOne, a creator-first, music, entertainment, and technology platform focused on delivering premium experiences and content worldwide through memberships, subscriptions with live and virtual events, having a broad paid subscriber base of over 1.35 million, streaming well over 2,900 artists, having a library of 30 million songs, 600 curated radio stations, 268 podcasts/vodcasts and personalized merchandise, announced today that it plans to launch its own membership token in partnership with Polygon and Cere Network

What are NFTs and Utility Tokens

NFT stands for non-fungible token. It’s generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that’s where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another. Crypto’s fungibility makes it a trusted means of conducting transactions on the blockchain. NFTs are different. Each has a digital signature which makes it impossible for NFTs to be exchanged for or equal to one another (hence, non-fungible). 

Utility tokens on the side are simply user tokens enabling future access to products and services offered by an organization. Utility tokens, unlike security tokens, were not created as an investment. Utility tokens are a form of digital assets created for spending within a particular blockchain ecosystem. These tokens however serve another purpose apart from simply raising funds.

LiveOne Partnership

LiveOne’s New Web3 Platform is set to provide creators with a Suite of NFT and Token Offerings. Meanwhile, it also has a broad fan base at heart. For its fans, LiveOne will provide Play-To-Earn experiences. In order to get this done, LiveOne will be leveraging DaVinci (a joint venture of Polygon and Cere Network). With the potential to transform the creator economy, LiveOne will be offering a more equal-based route for artists to securely monetize their content while encouraging direct-to-fan interaction. Supported by Polygon, LiveOne creators will be able to mint, transfer, and sell their creations in a low-cost, efficient, and ecologically sound manner.

According to Sandeep Nailwal, Co-Founder of Polygon, the new LiveOne membership token will become available to over 2 million LiveOne paid and free members (via play to earn), shareholders and artists. Prospectively, It will be earned and redeemed across a multitude of activities which will include; Staying up on LiveOne’s platform, listening to music and podcasts/vodcasts, attending events/festivals, virtual and in-person meet and greets, purchasing merchandise, as well as interacting across the LiveOne platform and metaverse. Having built this sound eco-friendly system, LiveOne also expects to offer airdrop discounts and unlock benefits to holders of its tokens and NFTs.

What NFT holds for the future 

Unlike before, pieces of art were seen as some form of a random collection, but today, this narrative has changed drastically. Prior to the “NFT art” paradigm, people tended to belittle the value of digital art due to its intangible and non-exclusive nature. An Internet surfer can screenshot, save or copy and paste the digital art onto their personal devices and end up with a piece identical to the original work.

The current trend of endless technological disruption thus implicates a demand for systematic protection of transactional activities relating to the commercialization of digital art. Such protection is now made possible with non-fungible tokens (NFTs) through blockchain, smart contracts, and cryptocurrency technology.

Layer 2 Scaling Solution Polygon Partners with Cere Network to Launch DaVinci

The development of Web 3 based applications and their adoption has skyrocketed in the last few years, with more and more projects optimizing their services for the new generation of the internet. The popular Layer 2 scaling solution Polygon has also joined the hype by partnering with Cere Network to launch DaVinci. DaVinci is a Web3 media platform that offers perks from subscription NFTs and exhibitions from creators in the virtual and real world. 

Cere Network is a decentralized data cloud platform that is the world’s first blockchain-based storage solution. On the other hand, Polygon is a popular Layer 2 scaling solution utilized by a variety of projects to launch their tokens and services. Together, Polygon and Cere Network have developed DaVinci with the aim to store non-fungible token-backed assets more securely while ensuring verifiable and decentralized data. 

DaVinci – A Web3 Media Platform

DaVinci is a content monetization platform powered by NFTs and facilitates decentralized data transfers and NFT value transfers. The platform is powered by Cere’s decentralized data cloud that helps it to enable personalized content streaming for NFT holders using smart contracts. DaVinci also leverages Cere Freeport, the NFT mining platform developed on Polygon Network, to sell and mint functional NFTs paired with exclusive content. 

The co-founder of Polygon Network, Sandeep Nailwal, had some interesting thoughts about DaVince. 

“There is so much more that artists and fans are able to accomplish and access through DaVinci that realizes more of the potential of blockchain to the mainstream consumers. Artists and brands get more revenue from their unique content, while fans get better experiences and secure delivery of their assets.”

According to the press release, DaVinci will have several benefits and will offer the creators a share of the royalties from any sale and a guarantee of continuous delivery of exclusive content. Moreover, creators can also access detailed audience research and analytics tools to curate their content to NFT holders and fans. 

DaVinci will be a revolutionary addition in the NFT and Web3 space and will help creators and users to engage in a more personalized and rewarding way.