March 28, 2023
Polygon News

Polygon x DraftKings Ink Strategic Agreement

Polygon and DraftKings are aiming to expedite the NFTs and Web3 adoption. A strategic agreement is inked to make DraftKings bank on its digital sports edge via bringing new audiences to NFTs. Introduction of custom NFTs (and secondary market transactions) via Polygon’s support on the DraftKings marketplace is next on the agenda. DraftKings Inc., a digital sports entertainment and gaming entity, equips the sports fans with fantasy, regulated gaming and digital media products.

The said strategic agreements would allow DraftKings Marketplace a scalable and sustainable blockchain solution, with efficient bandwidth and capabilities. DraftKings will also look forward to possibly adding to Polygon’s governance, to assist in securing the network as a validator node via a stake pool.

Polygon-built DraftKings Marketplace is a digital collectibles platform facilitating primary accessibility, which in turn facilitates NFT airdrops and secondary transactions. DraftKings Marketplace participation is possible via marketplace listings.

Tom Brady-led Autograph NFT marketplace, with DraftKings, launched in August 2021 the Preseason Access Collection, which got instantly sold as a hotcake. Sports-betting entity DraftKings is also bracing to officially be the Polygon blockchain’s full validator

DraftKings would then contribute to the Polygon blockchain main network’s proof-of-stake consensus protocol for producing blocks. It would also participate in Polygon’s governance whilst also adding to network security as a spearheading torchbearer of the Polygon Network.

Presently, Polygon supports approximately 100,000 blockchain gamers. DraftKings’ association allows Polygon to pursue its mission of bringing NFTs and crypto to the masses.