The Indian company, Polygon, is making the headlines in the NFT world as it launches Beeple’s Wenew.
Polygon is a layer 2 ethereum scaling solution. Co-founded four years ago in 2017 by three Indian software engineers, Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, its vision and intent are to bring about a positive change in the usability and ease of the current decentralised NFT (non-fungible) ecosystem.
Beeple (actual name, Mike Winkelmann), the artist who recently sold his most expensive piece of work for $69 million in March, approached Polygon to reduce the environmental impact of his NFT platform, Wenew, which will serve to sell iconic sports, fashion and political moments in time. Beeple, thereby, hailed the company as the go-to Ethereum scaling solution.
As per Polygon, the launch of WeNew on its platform proves to be a significant new step to its growing NFT ecosystem comprising of tooling, marketplaces, big brands, artists, creators, and celebrities. Wenew’s iconic collections will also involve NFTs featuring Andy Murray’s Wimbledon 2013 victory, which shall be minted on Polygon.
Polygon’s Commit Chain applies the method of point of sale (POS) architecture, which is how the NFTs that are present on its platform turn out to be environmentally friendly and have a low carbon footprint.
“This makes Polygon the best scaling solution for Beeple’s WeNew platform, whose mission is to become the premier curator and provisioner of iconic moments,” Polygon said in a blog.