In Brief:
- Polygon will be used by DraftKings, to support NFT drops and secondary-market transactions.
- Their partnership will deter two biggest challenges in blockchain technology: “Scalability and sustainability.”
- It will allow DraftKings to contribute to Polygon’s governance.
Sports betting giant DraftKings will partner with growing Ethereum layer-2 scaling solution Polygon to support custom NFT drops along with secondary-market transactions.
Polygon, an Ethereum Layer 2 solution, will allow DraftKings to be a Validator with its own stake pool on its platform. The step is assumed to be improving sustainability, scalability and will accelerate the adoption of NFTs and Web3.
Paul Liberman, president of global product and technology at DraftKings, said in a Statement, “Scalability and sustainability remain among the critical challenges of blockchain technology.”
He further added, “Although DraftKings Marketplace is still in its nascency, we are bullish on the possibilities that blockchain, NFTs, cryptocurrency, and more will present as we prepare for Web 3.0 alongside Polygon and the new innovations ahead for digital collectibles.”
As part of the partnership, DraftKings will have the opportunity to participate in Polygon’s governance, where token holders vote on how to change the platform after staking their tokens.
Back in July, Tom Brady signed a partnership with Lionsgate and DraftKings to launch its own NFT platform.
