Polygon blockchain was announced as the layer 2 scaling solution for Unstoppable Domains on the 21st October 2021, with a launch date for minting of the NFT domains due to begin 15th November 2021. With gas fees around 1000x cheaper than Ethereum it should be a welcome boost for web3 development.
Prior to Unstoppable Domains adopting the Polygon blockchain, domain buyers were paying their own gas fees to mint them, as is normal for all NFTs. From the 15th November Unstoppable Domains will pick up the cost and this is expected to see many more domains being used in the ecosystem. Free minting, free domain management and no renewal fees is unheard of in the industry to date.
Unstoppable Domains CEO, Matthew Gould, took to Twitter Spaces following the official announcement to provide the reasoning behind their choice for the eagerly awaited layer 2 scaling solution. He said the thousands of apps already on the Polygon blockchain were potential applications that could now support NFT domains. A few of the other NFTs, from the thousands of applications already using the network, include Off and Marble Cards.
From the artists FAQ “Why is Off on Polygon? The are three main reasons this project is on Polygon: low transaction fees, low energy usage of the network, and compatibility with Opensea. The debate around energy use and blockchains is complicated and ongoing, but in the simplest case when it is possible to avoid proof of work and its energy consumption, I think one should do so.“
One of the Off NFTs listed for sale on OpenSea is the HTC One M9 and yes it’s currently a plain black image in it’s current form. Please check out the details in the Off FAQ if you want to know how the artwork is revealed.
A very popular NFT on the network and one we will cover in more detail in a follow up post that ties The Greats NFT launch and the Polygon blockchain together very nicely.