Origin partners with Polygon to offer mainstream Layer 2 NFTs
By Edlyn Cardoza
Origin is committed to bringing NFTs to the mainstream. They believe NFTs can be used to create compelling new use cases for creators across to engage and interact with their fans. Art, collectibles, access tokens, social tokens, and tokens that represent physical merchandise and other items will flourish in the next few years.
Today, NFTs are rapidly trading on Origin and other platforms, generating over $3B of sales last month alone. However, the number of NFT creators and buyers still numbers in the hundreds of thousands. As an industry, there’s still a long way to go before NFTs penetrate mainstream audiences. To get there, NFTs need to be cheaper and more accessible to the average user that may be relatively new to crypto.
Recently, Origin community voted to support Polygon as the first alternative to Ethereum layer 1 NFTs (ERC-721), which can be costly to mint and transfer. They brought this decision to the community and then rapidly executed it, showcasing the power of decentralized governance in shaping Origin’s product roadmap.
After two weeks since the governance vote, they are thrilled to announce that this integration is now complete, opening a wide range of exciting new opportunities for creators to engage with their audiences through more economical and ultimately, more accessible NFTs. Polygon is a fantastic choice for the first alternative chain to Ethereum for our NFT platform. Polygon’s sidechain technology is very fast and scalable, enabling creators to mint NFTs at ~$0.01 or less. In addition, Polygon boasts one of the strongest and most rabid communities in all of crypto. They are thrilled to partner with their world-class team and engage with their community on a deep level.
Creators will now be able to select which chain, Ethereum layer 1 or Polygon layer 2, that they want to use to mint their NFTs. Origin’s NFT Launchpad will allow different NFTs from the same creator to exist on different chains, giving the creator fine-grained control over how they want to sell their NFTs to different audiences. Buyers will be able to see which blockchain NFTs exist on before purchasing.