Polygon, the blockchain company behind altcoin MATIC, announced that DraftKings, a sports and entertainment company, has joined its ecosystem as a validator, as part of its effort to facilitate the growth of Web3 adoption. As Kriptokoin.com, we are giving the details…
A big development has occurred for the popular altcoin Polygon
Polygon said in a statement that with this development, a company listed on Nasdaq will play a role in the management of Blockchain for the first time. DraftKings announced on Monday that the collaboration will make DraftKings one of MATIC’s largest validators, following a plan that has been worked on since October.
According to the announcement, DraftKings has partnered with cryptocurrency infrastructure provider Zero Hash to become one of the 100 validators on Polygon, the Ethereum layer-2 scaling network. With DraftKings, some of the roles the leading sports company will take on will include verifying transactions on the network and generating blocks. Sandeep Nailwal, co-founder of Polygon, said:
DraftKings will take its place as an equal community member among existing validators, reinforcing our desire to achieve a decentralized, community-driven consensus network.
Polygon continues to evolve
Paul Liberman, global head of technology and product at DraftKings, said, “Participating in the validation process allows DraftKings to be robust, sustainable, reliable to help future-proof our business in the Web 3 era. and supports its broader strategy of building a decentralized infrastructure.” Some of the crypto projects currently in Ethereum scaling solution include lending platform Aave and NFT marketplace OpenSea.
Last year, DraftKings partnered with Polygon to launch an accessible NFT marketplace. DraftKings launched this marketplace in collaboration with Tom Brady’s Autograph platform, also built on Polygon, in August. Polygon has become a hotbed for sports collectibles platforms in the pursuit of low-cost, fiat-compatible marketplaces. In addition to Autograph, the network hosts OneOf, which was launched in partnership with Sports Illustrated, as well as the National Football League’s ticket collection experiment.
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