The investment will offer users a theft and forge free trade experience along with a secured infrastructure.
by Suman Gupta
Mumbai, October 27, 2021: Polygon, one of the leading platforms for Ethereum scaling and digital infrastructure development has announced an investment in Colexion – Asia’s biggest NFTs marketplace. As a result of this investment, Polygon, which has a vast presence in the cryptographic ecosystem, will deploy many of its digital tools to boost NFT adoption in India, leading to a seamless purchasing and minting experience for its users.
Speaking about the investment, Abhay Aggarwal, Co-founder & CEO, Colexion said, “This is a historical event in the Colexion’s growth journey, and we are proud to be the chosen partner for investment by Polygon. This move will enable our users in India to benefit from the NFT ecosystem.”
“Polygon’s investment in Colexion is all set to revolutionize the NFT space in India by enabling Indian users to now buy/sell NFTs faster than ever, with surprisingly lower transaction fees, and with an over-the-top user experience.” Bibin Babu, Co-founder & COO, Colexion, added.
The investment will offer benefits such as theft and forge free trade experience, highly advanced dashboards and tools for NFT exchanges, a trustworthy platform that allows artists and talents to interact with their fans and NFT traders, and most importantly a secured infrastructure. It will cater to the diverse needs of developers by providing tools to create scalable decentralized applications, focus on the performance of the platform and user experience while solving any security concerns that may arise.
“The main purpose of this investment is to bring transformation in the NFT marketplace,” Sandeep Nailwal, Co-founder & Chief Operations Officer, Polygon, he further added, “The rapidly growing adoption of Polygon can alone answer its vast popularity in this ecosystem. While Polygon ensures the security and ownership transparency of non-fungible digital tokens, Colexion aims to give NFTs the value that it deserves, thereby also allowing artists and fans to interact and trade on this trustworthy platform.”
Presently, Colexion is already making a buzz by launching a premium NFT marketplace in the sports, entertainment, art, and lifestyle category. The platform has onboarded international celebrities from the entertainment and sports industries, where each one of them will be launching their NFTs exclusively.
About Colexion: Colexion is a leading marketplace for digital collectibles which aims to bring NFTs into mainstream trading options. Thus, it works relentlessly to help artists and communities to come together on its platform with the primary aim of NFTs trade. The platform has successfully managed to attract many budding investors. It is all set to launch its exclusive collection of NFTs having now been officially integrated with Polygon Blockchain infrastructure. It focuses on building a relationship between artists and fans by creating a value-added platform and digital infrastructure for digital token’s trade. Many renowned celebrities and sports personalities have already signed up for this portal to launch their exclusive NFTs. Morne Morkel, Brendon McCullum, Dwayne Bravo, Mika Singh, Krissann Barretto, Salim-Sulaiman, and many others are included in the list.
About Polygon: Polygon is one of the leading platforms for Ethereum scaling and digital infrastructure development. This Indian company is growing with its wide range of deliverables and easy-to-handle products that are offered to the developers. Its infrastructure solutions include sidechains, hybrid solutions, stand-alone, enterprise chains, data availability solutions, security assets, and many more. Polygon primarily aims to solve pain points associated with blockchain technology.
Notable collaborations of Polygon include Infosys Ltd for M-Setu, Google Cloud’s BigQuery also included Polygon into its ITB offerings. There are also several other significant collaborations by Polygon which made it establish its brand value in this ecosystem. Polygon’s network frame improves the transaction speeds, which is another reason why Colexion users will be extremely satisfied.
