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Polygon, an Ethereum scaling platform onboarding millions to Web3, today announces a partnership with NFT music platform Token||Traxx™ ahead of its Token Generation Event (TGE) this month. The collaboration will allow Token||Traxx to leverage Polygon's low-cost and interoperable infrastructure to build out its music NFT marketplace.

Polygon Studios — the NFT and gaming arm of leading Ethereum scaling protocol Polygon — will also be offering grant funding to Token||Traxx's new, independent music creator economy which is set to make a seismic paradigm shift within the music marketplace. The Polygon foundation will support the development of the Token||Traxx software and their emerging artists as they continue to grow their Web3 creator economy.

Token||Traxx is a new marketplace that redefines and enhances the value of music, by supporting and financially benefiting the entire music community using Non-Fungible Tokens (NFTs) technology.

Token||Traxx will be multi-chain, using Polygon along with other networks including its strategic founder partner Zilliqa which it will bridge to later this year.

"NFTs have the opportunity to positively disrupt the music industry, providing creators with a greater share of the distribution rights while conveying verifiable ownership to fans. By leveraging Polygon to accomplish this goal, Token||Traxx unlocks the full potential of the Web3 creator economy and sidesteps the prohibitive transaction fees and latency associated with Ethereum," said Ishan Negi, Chief of Staff, Polygon Studios.

“Token||Traxx is delighted to join forces with Polygon,” said Tim Gentry, Chief Operating Officer and co-founder of Token||Traxx and formerly global revenue director at the Guardian. “Polygon's sustainable and ultra low-cost blockchain and interoperable ecosystem presents the perfect launchpad for the project. With cross-chain technology and cross-chain bridges in place Token||Traxx will run with increased elasticity, providing users with freedom of choice.

“Through Polygon's novel Ethereum scaling solution, we will be getting excellent user experience with high-speed transactions, near-zero gas fees and superb community governance. Cross-chain capabilities will also maximise secondary NFT markets for us,” summarised Gentry.

NOTICE

Token Traxx Music Limited is not a regulated entity. Ownership of the tokens carries considerable risk and should not be contemplated by anyone who does not have specific knowledge of the use, purpose and transmission of tokens. This Press notification is not an offer to sell or promote the sale of tokens. Token||Traxx tokens will be unregulated and will not be sold as an investment. The sale of tokens when it occurs will be subject to satisfactory compliance with all laws and regulations relating thereto and to purchasers entering binding contractual terms. The use of the Token||Traxx platform and participation in the marketplace and use of the Token||Traxx token to engage with the functionality provided by the platform and marketplace will be subject to separate terms and conditions.The Token Traxx token (TRAXX) is available for purchase by SORS DIGITAL ASSETS LIMITED (SORS) which is registered as a VASP in accordance with the rules of the Central Bank of Ireland.

Token||Traxx™ is the Trading Name of Token Traxx Music Limited registered in England under Number 13753129

For further Press information:

Token||Traxx: Anthony Burr, ab@tokentraxx.com Tel: +44 7766 459 469

Polygon: Cryptoland PR Polygon@cryptolandpr.com

About TokenIITraxx
TokenIITraxx has a mission is to be at the centre of a new independent music creator economy, providing a platform driven by NFTs, that redefines and enhances the value of music, which supports and financially benefits the whole community.

TokenIITraxx celebrates and rewards the unique symbiosis of ‘The 3C's - Music's Creators, Curators and Collectors' and their specialist contribution to the discovery and adoption of global music engagement.

TokenIITraxx offers financial independence and creative freedom. For more information, visit www.tokentraxx.com
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About Polygon
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 7000+ applications hosted, 1B+ total transactions processed, ~100M+ 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.

Website | Twitter | Ecosystem Twitter | Developer Twitter | Studios Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook

About Polygon Studios
Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT projects like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games. If you're a game developer, builder or NFT creator looking to join the Polygon Studios ecosystem, get started here.
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Skyweaver has been in the making for four years, and finally launched its open beta this week, while the BAYC floor price is dropping fast.

The Polygon blockchain allows for faster, more affordable transactions.

Miami, Florida, January 25th, 2022. This week, NFTY, Inc. announced they have officially launched their utility token and accompanying DeFi protocol on the Polygon Studios ledger.

Polygon's Ethereum-based interoperability and scalability made it a natural extension of the project to reach a broader base of individual participants. While Ethereum is the largest blockchain for NFTs, its high transaction fees have placed the protocol out of reach for many potential patrons and advocates. NFTY aims to provide real solutions to this issue, which our new Polygon deployment further enables.

“We love seeing projects like NFTY coming to the Polygon Network. NFTY's commitment to higher user adoption made Polygon a clear choice and we are so excited to have them as a partner.” - Ishan Negi, Polygon Studio's Operations Lead.

"With Polygon's support, we will now have access to faster transaction speeds and lower gas fees, allowing us to be more attractive to buyers and sellers, especially those looking for fewer barriers to entry. We're excited about the progress $NFTY has made over the past 90 days and the partnerships we've built along the way. Polygon is going to play a huge role in our company's future." - Chris Mills, CEO of NFTY, Inc.

The NFTY dApp can be accessed by connecting to the Polygon RPC and going to https://app.nftytoken.io. For help on how to stake NFTY tokens to start your NFTY journey please check out our video here:

https://www.youtube.com/watch?v=YTO8d3uL5yE 

After being one of the few NFT startups at CES (Consumer Electronics Show) last week, NFTY is gaining traction and building strategic partnerships to grow its community and awareness within the industry quickly. $NFTY is available for purchase on the ApeSwap DEX and the Bitmart exchange.

About NFTY 

NFTY creates a quality validation layer for NFTs by introducing a new group between buyers and sellers. This community of advocates vets NFTs to reward excellence, earning a share of the proceeds, all powered by the NFTY token. Through this unique process, buyers can find trusted collectibles, and creatives can build their reputations through the NFTY advocacy network.

About Polygon

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 3000+ applications hosted, ~600M total transactions processed, ~60M 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.

Website | Twitter | Ecosystem Twitter | Developer Twitter | Enterprise Twitter | Studios Twitter | Telegram | Reddit | Discord | Instagram | Facebook | LinkedIn

About Polygon Studios

Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT projects like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games. If you're a game developer, builder or NFT creator looking to join the Polygon Studios ecosystem, get started here.

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The post Polygon Launches NFT game studio! MATIC Price is Nearing the $1 Mark appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

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