What is Polygon?
Polygon, formerly known as Matic Network, is a scaling solution and a multi-chain platform built on top of the Ethereum blockchain. Polygon offers an alternative blockchain infrastructure that addresses the scalability and cost issues associated with the Ethereum network, making it a popular L2 for NFT development and transactions.
Why use Polygon?
One of the primary advantages of minting NFTs on Polygon is the quick transaction processing and low gas fees. By leveraging its own novel technology, Polygon achieves fast and efficient transactions, allowing creators and collectors to interact with NFTs seamlessly. The reduced fees make it more cost-effective to mint, buy, sell, and trade NFTs, enabling a wider audience to participate in the NFT ecosystem.
Another key benefit is the EVM (Ethereum Virtual Machine) compatibility of Polygon. This means that developers can deploy their smart contracts and NFT collections on Polygon using the same code and contracts they use on Ethereum. This interoperability simplifies the process of deploying NFTs on Polygon and expands the reach of your digital assets to a larger user base.
Polygon has experienced significant growth and adoption in the NFT space. With billions of recorded transactions, millions of unique wallets, and a substantial number of active users.
Deploying a collection on Polygon
Creating NFTs on the Polygon protocol with tools like Highlight is an easy, cost-effective process.
To deploy to Polygon on Highlight, simply select Polygon in the drop down menu on the create collection flow.