BAYC Polygon
BAYC Polygon
Oct 01, 2022 - Oct 07, 2022
Marketplace: OpenSea OpenSea
Blockchain: Polygon Polygon

Apes getting bored on polygon too.

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Explanation of the Key Terms

NFTs

NFTs or Non-Fungible Tokens are unique digital assets that are stored on a blockchain, allowing for verifiable ownership and scarcity. These tokens can represent a wide range of assets, from digital art and music to virtual real estate and collectibles. NFTs have quickly become a popular way for creators and artists to monetize their work and for collectors to own one-of-a-kind digital assets. The market for NFTs has exploded in recent years, with some individual NFTs selling for millions of dollars.

Polygon

Polygon is a Layer 2 scaling solution for Ethereum that aims to solve the scalability and high gas fee issues of the Ethereum network. Polygon achieves this by providing faster and cheaper transactions while maintaining compatibility with the Ethereum network. Polygon is quickly gaining popularity within the blockchain space, as it allows developers to build decentralized applications (dApps) and NFT platforms without having to worry about the high transaction fees and slow transaction times on the Ethereum network. Polygon has become a go-to choice for many NFT platforms and marketplaces, making it easier for users to buy and sell NFTs without having to deal with the limitations of the Ethereum network.

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