Fair.xyz integrates on Polygon, the leading Ethereum Layer 2 blockchain, known for its remarkable reduction in gas fees, enhancing the NFT ecosystem and providing creators with unparalleled creative opportunities without hurting the wallet.
And to celebrate the momentous milestone, an Open Edition has been launched to mark the occasion, learn more about it below.
The Problem Today: High Gas Fees on Ethereum
Gas and transaction fees have continued to dishearten those looking to create and collect within the NFT ecosystem. The high fees associated with Ethereum transactions have presented a significant barrier to entry, hindering the potential growth and adoption of the Web3 movement.
The NFT ecosystem has experienced tremendous growth and popularity, attracting artists, creators, collectors and enthusiasts worldwide. However, the cost of participating in this ecosystem has proven to be a major deterrent for many. Gas fees, which are required to execute transactions and interact with smart contracts on the Ethereum blockchain, have skyrocketed during periods of high demand and network congestion.
The Solution: Fair.xyz integrates with Polygon
As of today, Fair.xyz integrates with Polygon so NFT creators can now use our NFT launchpad to create their collections (completely free) on the Polygon network with a simple click-of-a-button all whilst enjoying the plethora of other features on the platform including credit card payments, staged drops and our signature ‘Conditions to Buy’ feature.
Polygon: In a nutshell
Polygon is a blockchain platform that operates alongside the Ethereum network. Its purpose is to enhance scalability and improve the efficiency of Ethereum-based applications. Polygon achieves this by providing a framework for creating and connecting multiple sidechains, also known as Layer 2 solutions, to Ethereum.
The main idea behind Polygon is to offload transactions and smart contract computations from the congested Ethereum mainnet to these sidechains. By doing so, Polygon significantly reduces the gas fees and transaction times associated with interacting with decentralised applications and conducting transactions on Ethereum.
So from today, creators using Fair.xyz can choose which blockchain they wish to deploy their collection on: Polygon or Ethereum.
Make NFTs on Polygon with Fair.xyz
Having already worked together earlier this year, with Fair.xyz helping to launch Polygon’s first NFT on their zkEVM network, the joining of these two platforms is a perfect fit for both companies’ visions – especially as Fair.xyz was built on the foundations of fairness and inclusivity.
“By integrating with Polygon, we’re [Fair.xyz] now able to provide a remarkable experience for creators, empowering them to unleash their creative potential without limitations,” says Isaac Kamlish, one of our Co-Founder’s here at Fair.xyz. “This milestone allows artists and collectors to create, mint and interact with NFTs in a more accessible and sustainable manner. We believe this will create endless possibilities for the creative community.”
Mint a celebratory Open Edition NFT from Polygon
To celebrate this moment, Fair and @0xPolygon bring you the exclusive Polygon Open Edition NFT on Fair – Don’t miss your chance to mint this limited edition release.
This NFT will be open for a limited time – To mint head over to https://fair.xyz/c/polygon/polygon
Let’s keep building.
For all your NFT creation needs, be sure to visit Fair.xyz – We’re is empowering the next generation of creators, businesses and brands to create and launch NFTs, with no code or experience required.
Our goal is to create an industry-leading NFT launch experience for both collectors and creators that is secure, accessible and fair. Our proprietary technology removes gas wars, failed transactions and bots. From creators to businesses, we also work with the globe’s largest institutions, brands and movements in order to bring ground-breaking and bespoke Web3 utility to life.