Over the last month, we have been releasing advanced feature updates on our NFT platform, to bridge the gap between the adoption of cryptocurrencies, web 3.0 and the metaverse for brands.  It is with great pride today that we unveil our most recent strategic partnership with the innovative and world-renowned blockchain leader, Polygon Studios!

With Proof of Work (PoW) blockchains becoming a hot topic for discussion as far as carbon footprint and eco-friendliness go, we have chosen the Eco-Friendly blockchain scaling solution of Ethereum, Polygon.

About Polygon Studios

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 19,000+ applications hosted, 3.4B+ total transactions processed, ~135M+ unique user addresses, and $5B+ in assets secured.

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.

About Block.co – NFTs for Brands

Block.co platform is the first NFT platform to support brands transition into the metaverse through a simple interface to bulk mint and email NFTs (Non-Fungible Tokens) with gasless claims. Alternative NFT drop options include SMS claiming, QR code claiming or direct drop directly into wallet addresses. At Block.co, we help brands in engaging with customers through NFTs, bridging the gap between the adoption of cryptocurrencies, web 3.0 and the metaverse by rewarding loyalty and participation, with an indisputable proof of ownership existing in decentralized networks.

Block.co has been working with Blockchain technology for 3 years now and is considered a pioneer in the space of blockchain credentialing. With an aim to help brands understand legal and operational complexities around NFTs, such as applicable e-commerce laws, the new EU digital services laws and any token relevant laws and regulations, our platform offers unique characteristics. Through its platform, Block.co users may issue NFT collections in bulk, simply and cost-effectively through an intuitive and easy-to-use interface. We empower users with advanced data analytics for NFT claims and simplify their NFT journey, without the need to download apps or deal with different wallets. Block.co’s NFTs can have any digital format such as jpeg, video, audio, etc. Our platform allows brands to bulk mint NFTs for their communities to claim instantly, seamlessly and with gasless claims through Polygon’s Ethereum scaling solution.

Why Polygon?

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 two major types of solutions:

1.     Secured chains (aka Layer 2 chains): Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool. Polygon will support other major Layer 2 solutions such as Optimistic Rollups, zkRollups, Validium, etc, thus basically becoming a one-of-a-kind “Layer 2 aggregator”.

Secured chains are a good fit for (1) applications that require the highest level of security and (2) startups, i.e. young projects and communities (unable to establish a sufficiently decentralized and secure validator pool).

Polygon has acquired Hermez, a decentralized zero-knowledge rollup that greatly scales and reduces the cost of payments and transfers on the Ethereum network, with a focus on supporting community-driven projects through its original Proof-of-Donation mechanism. The Polygon Hermez team will focus on developing an advanced version of its zkRollup for payments, as well as delivering a zkEVM: a fully compatible zero-knowledge Ethereum Virtual Machine.

2.     Stand-alone chains (aka Sidechains): Sovereign Ethereum sidechains, normally are fully in charge of their own security, i.e., with their own validator pool. Stand-alone chains offer the highest level of independence and flexibility, with the tradeoff of a normally lower level of decentralization and security. These chains’ architecture can be adjusted so they at least partially inherit security from Ethereum. One good example of such architecture is the aforementioned Matic POS Chain which uses Ethereum for validator staking and periodical finality checkpoints.

Stand-alone chains are often a good fit for (1) enterprises, (2) projects that do not require the highest level of security, and (3) established projects with strong communities (capable of running a sufficiently decentralized and secure validator pool).

Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche, etc., but with at least three major upsides:

a.     It can fully benefit from Ethereum’s network effects. This is because it is built as an integral part of the Ethereum ecosystem, while the aforementioned projects are competing ecosystems built from scratch.

b.    It is inherently more secure. Polygon uses Ethereum, the most secure and battle-tested programmable blockchain in the world, as the economic hub and source of security. In contrast, the competing projects use recently launched and less expressive chains for this purpose.

c.     It is more open and powerful, primarily in terms of the architecture types it can support. This is because (1) Polygon is built on Ethereum, so it can trivially incorporate basically any scaling or infrastructure solution from the Ethereum ecosystem, and (2) because Polygon adopts Ethereum’s ethos of open innovation and maintains it, as one of the main design goals.

An important and little-known fact to note here is that Ethereum is already the biggest multi-chain system in the world. Its ecosystem organically developed and grew, and it currently encompasses:

·      50+ EVM (Ethereum Virtual Machine) networks (source);

·      Hundreds of enterprise chains;

·      Dozens of Layer 2 implementations.

With Polygon, we are introducing structure to this organic ecosystem and providing a framework to grow it further and faster.

Get a Free Trial and 10 NFTs

Contact Block.co directly or email at enquiries@block.co.

Tel +357 70007828

Get the latest from Block.co, like and follow us on social media: