We are excited to announce that Openlake NFT marketplace is live on Polygon.
Openlake is always committed to the best user experience. With Polygon, our users can now enjoy the low transaction fee and other extensive possibilities brought by the Polygon integration.
Although NFT market is still at a very early stage, its rapid evolution promises a prosperous future. Huge potential is going to be discovered when combining with AI and IoT technologies especially in the entertainment area. Piracy on the internet made it harder for artists to invest in their craft. Openlake aims to reverse the damage via NFT technologies.
Openlake uses the smart contracts built into NFTs to help manage the rights for music. Publishing, authorship, reproduction, rental and performance rights are just some of the elements covered. Openlake also supports trickle-down rights management, where secondary creations have rights auto-generated by smart contracts.
But more than that, Openlake is giving users more control. By working around 3rd party streaming platforms, they are giving artists direct access to their fans. And since fans will reward good-quality music, this will help the music industry to start investing in itself again.
Polygon has always been an important contributor to the NFT ecosystem. It improves the Blockchain’s scalability issue to realize lower transaction fees, faster confirmations, and various other benefits. It also aims to improve user experience without compromising the decentralization of the blockchain network.
By integrating with Polygon, Openlake can offer cost effective solutions with lowered transaction fees while ensuring securities for its users. Polygon opens up more possibilities. Openlake will benefit from the Defi ecosystem of Polygon, which is the driving force for the sustainable NFT development.
Openlake(https://www.openlake.io) is the first NFT marketplace which is deeply integrated with AI, IoT and Blockchain technologies. Openlake focuses on Music, Film, Game and Art, and has partnered with top entertainment companies worldwide. With AI and IoT, Openlake supports the streaming of Music NTFs to hardware players and wearable devices which can provide unprecedented experiences. One of the main objectives of Openlake is to reshape the distribution of the pop music songs with the new technologies.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns and ~13.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.