Polygon has experienced phenomenal growth in activities on the world’s largest NFT marketplace, OpenSea as the network emerges as a hub for cutting edge digital collectibles creatives.
Polygon OpenSea active users increased by 23% following the debut of an NFT collection on Polygon between two multinational corporations known for their relentless pursuit of innovation and creativity.
Prada, Italy’s luxury fashion firm, and Adidas, Germany’s sportswear behemoth, have partnered up to launch a new non-fungible token (NFT) project based on the Polygon network.
Prada and Adidas Originals auctioned a collection of NFTs developed by digital artist Zach Lieberman on SuperRare between Jan. 28 and 31. The proceeds from the NFT sale will be donated to a charity that aids artists and creators.
The non-fungible token (NFT) industry is ravaging the world. Despite the fact that digital tokens have been there for a while, the recent spike in sales price coincides with a larger surge in demand for NFTs, which are blockchain-based tokens that indicate ownership of a digital asset.
According to Morgan Stanley, the whole NFT market is estimated to reach $300 billion by 2030. Luxury brands like Gucci, Balenciaga, and Kering, according to the survey, are in the best position to benefit from digital collaboration.