17 Jun 2022 , 10:00 AM
Business Wire India
The building blocks of the eDAO ecosystem are Dynamic NFTs (dNFTs). eDAO will utilise fluid smart contracts and a socketed architecture that will allow an NFT to evolve in response to user behaviour, accruing utility and value over time.
By harnessing this technology, eDAO can offer fans not just unequivocal ownership, but also multifaceted experiences that are accessible across multiple devices. The digital assets are tied to their favourite artists, celebrities and content creators not just in one culture silo, but over the spectrum of every person’s varied interests.
Sandeep Nailwal, co-founder of Polygon said, “We are thrilled to be collaborating with eDAO, who will lead exciting innovation in bringing Web3 adoption worldwide, through their vast experience in NFTs across the sports, media and entertainment industries. Polygon is excited to provide scalability and security to a project that prioritises fans and digital communities in their transition from Web2 to Web3.”
Anand Venkateswaran, co-founder & CEO of eDAO said, “The value of NFTs is skewed towards speculation. The real multiplier though is experience. eDAO engineers a meaningful, immersive Web3 plunge for creators and millions of fans across a wide scope of art, media and entertainment.”
Mairu Gupta, COO of eDAO said, “Collaborating with Polygon has given us the tools to provide a secure and engaging user experience for fans starting their Web3 journey with eDAO. We look forward to becoming the go-to service for the artists, gamers, content creators and their millions of fans transitioning from legacy Web2 platforms and into Web3 and beyond.”
For more information, please contact:
Cryptoland PR | http://cryptolandpr.com/
polygon@cryptolandpr.com
About eDAO
eDAO is a creator-economy focused organisation incubated by Polygon to design and launch global art, media and entertainment IPs at scale, into the world of Web3. eDAO will create a unified experience for the largest spectrum of culture & entertainment to provide communities with a single access pass to chart unique experiences in the Web3 ecosystem.
Website | Twitter | Discord | Instagram | LinkedIn
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 20000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
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.
Website | Twitter | Ecosystem Twitter | Developer Twitter | Studios Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook
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