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Polygon is a layer two protocol of Ethereum blockchain, though very similar to it but cannot be called the same. Earlier known as Matic, Polygon is a framework used to build and connect Ethereum-compatible blockchain networks, and the best part is Polygon is 10 times faster than Ethereum while transactions are 10 times cheaper.
Polygon Network is blockchain agnostic, which means any blockchain can serve as its parent chain. It has incorporated a second blockchain, Heimdall, in its architecture to send screenshots of MATIC’s plasma chain with Ethereum.
Due to the growing popularity of NFTs, the number of NFT marketplaces has increased.
Polygon enables the creation of a secure and reliable NFT marketplace platform to help businesses stand out and enable them to launch their marketplaces with ease. It also allows them to customize NFT marketplaces as per their needs to let users buy, sell, and view digital assets. Users can buy assets or bid at an auction of the platform.
Though the NFT marketplace works in the same context, it uses more secure technology for multi-chain compatibility and easy accessibility.
If you want to build an NFT marketplace on Polygon, a professional Polygon NFT marketplace development company will support you to create a world-class platform that meets your business objectives.
Polygon has tried to solve all the pain points of the Ethereum blockchain such as:
1 Polygonal networks provide the best user experience to connect users on the decentralized network without hassle.
2 All the transactions on the NFT platform are highly encrypted without compromising on speed.
3 The gas fee for carrying out an NFT transaction is quite less compared to other NFT marketplace development platforms.
4 The Polygon NFT marketplace is built on a decentralized architecture to ensure complete transparency.
5 It uses the Ethereum blockchain with added functionality to make it more powerful.
By partnering with a Polygon NFT marketplace development company, you can leverage the following features of Polygon:
Polygon NFT marketplace has Ethereum-compatibility to interact and utilize Ethereum’s ecosystem fully.
You can carry out multiple transactions on the Polygon blockchain network hassle-free.
Polygon NFT marketplace uses a pool of validators to make transactions more safely.
Polygon networks can be easily customized and upgraded to avoid reducing the system into different levels of dependency or independency.
One can cross or interoperate any blockchain using the Polygon NFT marketplace.
Polygon NFT marketplace works at a low gas fee and provides a high level of security for instant transactions to provide a seamless experience to the users.
Polygon in the NFT marketplace has addressed all the issues of the Ethereum blockchain to make the network more efficient. Here’s how an experienced Polygon NFT Marketplace Development Company can help users unlock profits-
Low Gas Fee
Every blockchain transaction has a fee levied on it to go through. Then the money is sent to miners, who validate the transaction using the computing power of their system and store the information in the public ledger.
However, the standard gas fee on Polygon is less than US$ 0.01 per transaction which is quite low as compared to other blockchains.
Faster Transaction Finality
Transaction finality is the point when the transaction becomes non-reversible. Polygon is a layer 2 scaling solution specially built to avoid network congestion and has a transaction finality of 2.3 seconds per transaction.
A Higher Number of NFT projects are built on Polygon Network
The number of NFTs being sold every week has increased from 15,000 to 50,000 NFTs every week. The most recognizable ape club, which is the NFTs face, is also built on Polygon.
Polygon blockchain is a reliable platform to trade non-fungible tokens on the NFT marketplace. Its features and benefits make it a suitable platform to build marketplaces. Interestingly, it is also helping Ethereum to keep off other blockchains by attracting more users.
If you’re a business seeking a reliable Polygon NFT marketplace development company, Antier Solutions can help. Our skilled team of blockchain experts dedicatedly works to provide clients with the best-in-class NFT marketplace development services.
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