Lazy.com, an NFT platform founded by American entrepreneur Mark Cuban, has completed an integration with Polygon, an Ethereum-based scaling solution that enables faster and cheaper transactions. This integration aims to foster the mainstream adoption of digital collectibles. Reportedly, this event also coincided with the launch of Polygon Studios, an NFT-focused gaming realm, and metaverse, which seeks to be a hub for digital culture.
According to the report, this union will let users link their Polygon wallet to the Lazy.com platform, which also supports Ethereum-based NFTs. This helps further Lazy.com’s goal of strengthening the NFT space by making the industry more approachable and accessible. The platform’s website claims that it is a lazy way for people to show off their NFTs.
Explaining what drove Lazy.com to integrate Polygon, Mark Cuban, who has become increasingly vocal on matters relating to the nascent sector over the past few months, said,
NFTs still have their adoption hurdles, but none are as consequential as transaction fees and efficiency. Polygon’s structured and easy-to-use scaling solution obliterates these barriers. I’m excited to see how the NFT space develops from here.
Polygon (MATIC) has climbed 5,900% year to date
This news comes as different projects continue embracing Polygon. Some notable projects are OpenSea, Rarible, and Beeple’s NFT platform, just to mention a few. However, the project has come under fire recently for experiencing technical issues, network difficulties, staking issues, as well as difficulties with Decentraland integration.
Regardless of these issues, Polygon seems to have cemented its position as the leading Ethereum layer 2 ecosystem. Also, the majority of NFT adopters believe that some of these problems Polygon is facing are due to the network being busy as opposed to systemic flaws.
As a result of this explosive growth, Polygon (MATIC/USD) has put up an impressive performance this year. At the time of writing, the coin is changing hands at $1.05 (£0.75) after gaining 2.64% over the past 24 hours. While this figure denotes a 60.71% drop from the coin’s ATH of $2.68 (£1.93), it is worth noting that MATIC is up more than 5,900% since the year started.