Polygon, an Ethereum-based full-stack scaling solution, today announced a partnership with Showtime, an NFT-based social media platform.
Showtime loins a list of Polygon partners made up of blockchain-based Web 3.0 games and NFT projects such as Decentraland, Opensea, Sandbox, Somnium Space, Animoca, and Decentral Games. Polygon’s Ethereum scaling solutions have more than 13.5 million unique users and have facilitated more than 350 million transactions.
Launched this March, Showtime has a vibrant community of digital artists and collectible enthusiasts from all over the world. The platform – which received $7.6 million in funds in April from crypto-investment firms Paradigm and DJ 3LAU – allows users to follow creators and collectors, browse personalized news feeds, discover trending NFTs, and engage with artists through likes, comments and shares.
Now that their NFTs have a home on the Polygon PoS network, Showtime users will be able to create NFTs that will be featured on popular marketplaces like Opensea, Foundation, and hicetnunc (HEN). Users can create an NFT by signing a transaction with their crypto wallet then minting a unique copy or up to 10,000 copies without paying any gas fees.
“We’re bringing together two of the most transformative innovations of our times – social media and NFTs,” Showtime co-founder and CEO Alex Masmej said. “Now, with the power of Polygon, we’re reimagining the economics of content creation and distribution. This will play a significant role in opening up the NFT marketplace to more creators and collectors around the world.”
“This is another great example of how the biggest innovators are choosing Polygon’s fast, easy, economical, and accessible technology,” Polygon co-founder Sandeep Nailwal said. “It’s exciting to see transformative applications, like Showtime, empowering the world’s creators to develop and monetize their content through the rapidly growing NFT ecosystem.”
Later this year, Showtime will launch a range of marketplace features, allowing anyone to create NFTs from their email address, list them at a fixed price, buy them with USD and other fiat currencies, and sell them on the Polygon network.
To celebrate Showtime joining Polygon, the social network is dropping exclusive NFTs to 22,000 ETH addresses that will be able to claim in one of the largest NFT launches ever.
The ability to create and mint NFTs through Showtime on Polygon is initially available by request, and will be open to the public in September.