2021 Fillmore Street #1128

}

24/7 solutions

Top 10 Cloud Providers

Top Platforms for NFTs: Polygon and Flow

As blockchain technology continues to develop, we are seeing an increase in the number of platforms, languages, and applications. Your works of art and collectables can now be presented and traded in the form of non-fungible tokens (NFTs), which are a relatively new development.

The majority of NFTs are a part of the dominant Ethereum blockchain, but the promising Flow blockchain is right behind it.

NFTs and Flow

Flow is still considered a “young” blockchain, but it has already proven to be a successful platform for several popular games, applications, and online marketplaces.

Flow’s working mechanism

Flow is a cryptocurrency network that is unique in that it achieves dramatic improvements in speed and throughput by dividing the jobs of a cryptocurrency miner or validator into four different roles, each with its characteristics. Therefore, anyone with a stable internet connection should be eligible to participate as an independent Flow validator at any level, regardless of their computational or financial capabilities.

Validators join Flow in one of four roles:

  • Collector Nodes improve efficiency;
  • Execution Nodes increase speed and scale;
  • Verifier Nodes ensure correctness;
  • Consensus Nodes ensure decentralization

Absence of Sharding

A transaction that is atomic, consistent, isolated, and durable (ACID) is always possible between smart contracts and user accounts on the Flow blockchain. To put it another way, all applications running on Flow can share the same execution state. Cryptocurrency Developers can easily build on each other’s work, ensuring that Flow apps provide an excellent user experience and are fully composable. Due to the removal of ACID guarantees from the execution environment, sharding and layer 2 solutions degrade composability and reduce network effects in distributed applications and smart contracts. Every application on Flow has the potential to serve as a platform for another application.

What exactly makes Flow so special?

Flow is designed for the types of collectable and interactive crypto experiences that are rapidly gaining in popularity and have the potential to reach much larger audiences in the future. Even though NBA Top Shot has already proven to be a huge success, Dapper Labs has several other high-profile partners in its stable, including the Ultimate Fighting Championship (UFC), CNN, and even Dr. Seuss. In addition to these brands, Dapper has partnerships with companies such as the gadget giant Samsung, game publisher Ubisoft, and the Warner Music Group. At the moment, as a user, you can interact with Flow through the NBA Top Shot game or by purchasing artwork from the VIV3 NFT marketplace, amongst other blockchain-based applications in use. Developers can begin experimenting with Flow and creating their dapps by utilizing the various built-in tools.

Polygon

Polygon is the most widely used platform for scaling Ethereum and developing infrastructure for the Ethereum network. Its expanding portfolio of products provides developers with quick and easy access to all major scaling and infrastructure solutions, including L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and other features. There has been widespread adoption of Polygon’s scaling solutions, with over 700 applications hosted, over 600 million total transactions processed, 60 million unique user addresses, and over $5 billion in assets secured.

NFT and Polygon

Aavegotchi and Polychain Monsters, two well-known NFT-based games, both use Polygon’s scaling technology to provide their users with a more dynamic experience. On the other hand, verifiable randomness is not the only input that developers can use to create dApps on the Polygon blockchain. Developers can create dynamic NFTs that change in response to off-chain data provided by secure oracles by utilizing weather temperature feeds on Polygon. As a result of the near-zero transaction fees and quick settlement times provided by Polygon’s layer-2 PoS chain, the avegotchi game can scale cost-effectively to meet user demand. One application for dynamic non-fungible tokens such as these is to support blockchain-based insurance. Insurance policies can be converted into dNFTs, allowing for the creation of customized crop insurance policies based on weather data.

Purchasing an NFT on Polygon necessitates the use of Polygon ETH. If you want to spend your Ethereum currencies on Polygon, you must first “bridge” them across to the Polygon blockchain, which takes time and patience. Purchasing NFTs on the Polygon blockchain is identical to purchasing NFTs on the Ethereum main net. Swapp induces a fresh perspective into the NFT project. Arabian Camels have the ability to integrate the film industry with NFT technology as a result of their extensive multidimensional capabilities within the Defi space. Swapp Protocol is not only the leader in decentralised finance, but it is also a pioneer in the  NFT industry. Exclusive, vetted, utility-based NFTs can be found on Swapp’s NFT Marketplace, which aims to bring together the worlds of art and blockchain technology in one place.

When compared to other NFT projects that are inflated solely by hype, this project stands out for its real-world utility, which sets it apart from the rest. Because of its powerful symbolism, the Arabian Camel NFT has emerged as a powerful symbol of what is possible when crypto communities band together and are united by a common vision. Blending movies and NFT with digital entertainment, gaming, and the metaverse, with a focus on community, extracting value from the booming transmedia space, and sharing the value entertainment properties have to offer.

It is common for people to inquire about the rarity of their NFT or whether the NFT they are considering purchasing is uncommon. Moreover, how uncommon is this phenomenon.

When it comes to individual collected NFTs, the solution rarity.tools seeks to provide an easy to understand and sensible ranking of the rarity of each NFT. It may be used to quickly answer the question of how uncommon any NFT is in one’s collection.

NFT collectors will be able to more easily value and compare the relative value of individual NFTs against one another with this information at their disposal.

 

Developed by programmers for programmers

Polygon is a multi-chain system that brings together the best of Ethereum and sovereign blockchains in a single, fully functional system.

Polygon helps reduce many of the issues associated with Blockchains, such as high gas fees and slow response times, among others, without compromising on the security of the system. This multi-chain system is similar to others, such as Polkadot, Cosmos, Avalanche, and so on, but it has at least three significant advantages over them:

A full network effect benefit can be reaped from Ethereum.

It has a built-in advantage in terms of cyber security services.

It’s more accessible and more potent than ever before.

Tripti Sangal
Tripti Sangal

Related Articles

What is Tigera?

What is Tigera?

An AWS Advanced Technology Partner, Tigera delivers Calico and Calico Enterprise for security and networking on EKS, both of which are AWS Containers Competency certified.

Vezt

Vezt

Blockchain technology has the potential to be a windfall for musicians, filmmakers, and video game developers. With the advent of new technology, the way we consume entertainment is changing. Vezt assists artists in distributing their tracks on digital channels and in promoting their work.

Free AWS Services List

Download this FREE list of all 200+ AWS services and ensure that you're using the optimal services for your use case to enhance efficiency and save money!

Free AWS Business Continuity Plan Template

Make sure you have the proper business continuity plan explicitly for your AWS infrastructure. Our team of experts built this template using AWS Best Practices so you can ensure it's built to scale! 

Free Cloud Migration Checklist

Without the proper cloud migration strategy, you risk losing time and money. Ensure that your migration process is running smoothly with our FREE cloud migration checklist.

Free AWS Services List

You might be optimizing with the wrong AWS services. Download this FREE list of all 200+ AWS services and ensure that you're using the optimal services for your use case to enhance efficiency and save money!

Download your FREE AWS Business Continuity Plan Template
Download Free 200+ AWS Services Checklist
Download our 10-Step Cloud Migration ChecklistYou'll get direct access to our full-length guide on Google Docs. From here, you will be able to make a copy, download the content, and share it with your team.