Hypernet Labs, a Web3 company developing enterprise-scale NFT technology, has gone live on Polygon, a full-stack scaling solution on Ethereum, to create digitally-native IDs and functional NFTs through Hypernet.ID and Hypernet.Mint. The integration will allow Hypernet to mint millions of NFTs for companies and creators and, for the first time, provide users with an easy-to-access smart contract factory on the Polygon network.
“We have huge plans for these NFTs,” said CEO Ivan Ravlich. “We want to expand into and beyond the digital art sphere and offer NFTs with real-world functionalities. With Hypernet.Mint, developers and novices alike will have the opportunity to mint their NFTs with easily-programmable capabilities and our Hypernet.ID is just the first use case. Now, our users will be able to mint millions of NFTs with all the unique, highly-specialized capabilities they want built right into the assets themselves.”
Hypernet.Mint and the Hypernet.ID are the latest additions to the company’s suite of products, along with Galileo, a computing marketplace, and the Hypernet Protocol, which enables non-crypto-native developers to build applications with integrated crypto payments with ease. The Hypernet.ID is a secure and reusable digital passport to the world of Web3 technology, contained in a non-transferable NFT that allows third-party services to know that the user has completed identity and KYC checks. Hypernet.Mint offers highly-configurable NFTs for enterprise-scale solutions, implementing access to digital and real-world opportunities directly into the metadata of the NFTs. This will enable businesses, organizations, and creators looking to expand their tech stack for internal digital infrastructure to develop new ways to grow, connect, and reward loyalty within their communities.
“With Polygon, Hypernet will have the capacity to mint and distribute NFTs at a massive scale – quickly – and at a low cost for both partners and users,” said COO Jon Venverloh. “Whether it’s an NFT that serves as a ticket to an event, a digital passport, or even as a collectible form of art or entertainment, the possibilities with Hypernet.Mint are truly endless. We are excited to see what doors are unlocked in real life and the Web3 world with these NFTs.”