What is Polygon?
Polygon Studios is Polygon’s gaming and NFT division, dedicated to doing its part in terms of building the worldwide blockchain-based gaming and NFT space as well as bridging the gap between Web 2.0 and Web 3.0 gaming via investment, marketing, and developer support.
How does the collaboration help?
LABEL’s collaboration with Polygon benefits everyone involved in two main ways. Firstly, it allows the LABEL team to have a large throughput and scale for their NFT marketplace without charging exorbitant fees, and secondly it helps in providing the ability to link other various projects in Polygon’s ecosystem.
Additionally, it presently has over 100 courses available, with prominent artists ready to be deployed on its platform. LABEL Foundation is hence developing a blockchain-based online education platform. Furthermore, in June, LABEL will open its NFT marketplace which will include collectibles, goods, and profit-sharing NFTs. LABEL is also presently onboarding artists for upcoming NFT releases.
Ultimately, LABEL strives to become more interoperable with numerous other chains. The team feels that multichain is the way of the future, hence the desire to deploy on other networks in the long-term. For the time being though, it will accept NFTs produced in Polygon as well as payment using LABEL’s ERC-20 and BEP-20 tokens.
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