HUMBL, Inc. announced today that it has completed the integration of the Polygon sidechain into HUMBL’s NFT platform, which will help creators more easily deliver NFTs to their collectors while reducing gas fees and minting costs.
As a Layer 2 solution built on Ethereum, the Polygon sidechain allows users to conduct most transactions on the Ethereum blockchain for, in most cases, a fraction of the cost, and with greater speed than the Ethereum mainchain.
NFTs are unique non-fungible, cryptographic tokens that reside on a blockchain which cannot be replicated, enabling creators to tokenize their intellectual property or work product so that it can be bought, sold and traded in new ways on the blockchain.
“We believe NFTs are still in the very early stages of the Web 3, tokenized economy,” said Brian Foote, CEO of HUMBL. “NFTs have applications across intellectual property, content distribution and fan interaction and we look forward to helping NFT creators experiment with those channels here at HUMBL.”
Photo by Leila Bandringa on Unsplash
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