NFT enthusiasts, artists, and communities are embracing fair.xyz, a platform aiming to revolutionize the rules of the game in the NFT sector by leveraging Ethereum‘s leading Layer-2 solution, Polygon. This strategic partnership aims to eliminate the costs associated with Ethereum...
NFT enthusiasts, artists, and communities are embracing fair.xyz, a platform aiming to revolutionize the rules of the game in the NFT sector by leveraging Ethereum‘s leading Layer-2 solution, Polygon. This strategic partnership aims to eliminate the costs associated with Ethereum network fees, making NFTs more affordable and accessible.
Boosting Creativity and Overcoming Barriers
This remarkable collaboration signifies a shift in the NFT landscape, positioning artists, communities, and platforms for maximum benefit. fair.xyz has stated that its ultimate goal is to foster a more inclusive creative environment, thereby facilitating mass adoption of blockchain technology.
fair.xyz‘s co-founder, Isaac Kamlish, commented on this partnership:
“This milestone will be exciting for artists and collectors. Creating and minting NFTs will become more sustainable.”
The High Gas Costs of Ethereum!
While Ethereum’s security and decentralization are appreciated, it is widely known to be expensive for everyday use. In May 2022, the cost of a single Ethereum mainnet transaction reached nearly $200, marking a significant peak. These scalability challenges have been a major reason for the NFT sector to expand into broader ecosystems.
The Solution by Fair and Polygon
Polygon, the most productive Layer-2 network, takes the lead in this regard. Integrating with fair.xyz, Polygon will be able to offer users transactions at minimal costs. fair.xyz will leverage Polygon’s low-cost network to provide its services to users, ushering in a new era of NFT collection creation and facilitating free NFT generation on Polygon.
It is worth noting that this partnership is not the first between fair.xyz and Polygon. The two have previously collaborated on an NFT collection created for Polygon’s latest update.