We are pleased to announce that we have recently finalized a partnership with Polygon, bringing our multichain decentralized NFT exchange ecosystem to yet another new chain. When we say that we want to become fully usable across all available chains, we mean it, and this collaboration should demonstrate our determination to our active and growing user base. Following the partnership, we will build a Mochi.Market iteration on the Polygon network, introducing our NFT platform to another network and expanding our capabilities.
The Next Move For Mochi.Market
This partnership brings full technical and advisory support from the Polygon team as we begin our transition to this new chain. Polygon has a growing NFT sector, and with the introduction of our market, we should be able to continue to spur that growth. On top of that, Polygon has many connections and a sizable user base within the current NFT ecosystem, and will make connections between Mochi.Market and its NFT partners. If everything goes well, this partnership could turn into multiple developing partnerships, compounding its importance as the Mochi.Market economy continues to grow.
The Right Choice For Layer Two Ethereum Capabilities
Polygon, previously known as Matic before recently rebranding, is an innovative layer two solution on the Ethereum blockchain, making it much faster and more cost-effective to complete transactions. This use case is more useful today than ever before, as Ethereum has seen a massive fee hike that sometimes forces users to spend an excess of $100 to complete a single transaction.
For us, Polygon was a relatively easy choice for layer two Ethereum integration; we knew that we wanted to have a presence on the Ethereum blockchain, and with low fees, Polygon is without a doubt the correct choice. Polygon has many industry-standard features and unique qualities that make it one of the pre-eminent layer two solutions currently available. Some of Polygon’s top features include easy compatibility with the Ethereum blockchain, fluid network interoperability, high scalability, low fees, and an easy developer and user experience.
We are thrilled to work and build with Polygon, and are excited to explore the new NFT opportunities that this partnership presents. As this collaboration continues, we are happy to have a new partner that we can use to bring more value to both networks.
Mochi.Market is a multichain decentralized exchange ecosystem for non-fungible tokens. MochiLabs, the organization building Mochi.Market, is creating a variety of NFT-based products to bring more value to the NFT sector as a whole. Mochi.Market aims to solve three fundamental problems within the NFT market: lack of liquidity, lack of monetization during the NFT token holding period, and the lack of cross-chain exchangeability between fungible and non-fungible tokens. Through the introduction of Mochi.Market, users will be able to get much more out of their NFT experience.
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 200+ Dapps, ~22.8M txns and ~364K 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.