Lazy.com, the non-fungible tokens (NFT) platform founded by billionaire entrepreneur Marc Cuban, has partnered with Polygon, an Ethereum layer 2 scaling solution that offers cheaper transactions.
Polygon Studios, Polygon’s NFT-centric and gaming and metaverse hub, announced the integration on Thursday, stating that it would help drive mainstream adoption of digital collectibles.
Users can now link their Polygon wallet to Lazy.com, which supports Ethereum-based NFTs as well.
Lazy.com, which debuted in March, is a digital art gallery that aims to showcase NFTs in the same way that traditional art galleries do.
This year, NFTs are all the rage, with sales reaching $2.5 billion in the first six months. This is a 180-fold increase from the $13.7 million in sales in the first half of 2020.
Last week, the trading volume of NFTs on Ethereum reached a new high of $171 million, a 338 percent increase over the previous month’s equivalent week.
“NFTs continue to face adoption challenges, but none are as significant as transaction fees and efficiency,” Cuban said in a press release shared with CoinDesk. “Polygon’s structured and user-friendly scaling solution eliminates these impediments. I’m looking forward to seeing how the NFT space evolves from here.”
Polygon is a layer 2 scaling solution that speeds up and lowers the cost of transactions by running sidechains or tangential networks alongside the main Ethereum blockchain. Scaling refers to increasing the system’s throughput as measured by transactions per second.
Several decentralized finance and NFT and gaming projects, including WeNew, Rarible, and OpenSea, have partnered with Polygon to avoid high Ethereum transaction costs.