Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-05-25 19:33:23

HUMBL integrates Polygon sidechain into its NFT platform

HUMBL (OTCPK:HMBL) on Wednesday has integrated the Polygon (MATIC-USD) sidechain into its non-fungible token platform in an effort to help creators smoothly deliver NFTs to their collectors while reducing gas fees and minting costs. Note that a sidechain is a separate blockchain that's tied to a so-called parent blockchain through a two-way peg. As for the Polygon (MATIC-USD) sidechain, it allows users to conduct faster and less costly transactions on the Ethereum (ETH-USD) blockchain than in the Ether mainchain. “We believe NFTs are still in the very early stages of the Web 3, tokenized economy,” said HUMBL CEO Brian Foote. “NFTs have applications across intellectual property, content distribution and fan interaction and we look forward to helping NFT creators experiment with those channels here at HUMBL.” In March, HUMBL acquired Mexican tech firm lxaya.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer