Polygon and DraftKings reach strategic blockchain deal


October 18, 2021

(press release) – Polygon, an Ethereum-based scaling platform bringing millions into Web 3.0, today announced a blockchain collaboration with DraftKings Marketplace, an ecosystem of digital collectibles built by DraftKings for general public accessibility to support personalized NFT drops as well as secondary market transactions. This agreement provides DraftKings Marketplace with a scalable, green blockchain solution that enables increased throughput and expanded capabilities. Notably, DraftKings now has the ability to potentially contribute to Polygon governance and help secure the network as a validator node with its own pool of stakes.

“Scalability and sustainability remain among the critical challenges of blockchain technology, as today we lay the foundation for the vision for DraftKings Marketplace tomorrow, Polygon’s extensive information and proven products around scalable solutions are invaluable.” , said Paul Liberman, co-founder. and President of Global Products and Technologies at DraftKings. “While DraftKings Marketplace is still in its infancy, we are optimistic about the possibilities that blockchain, NFTs, cryptocurrency and more will present as we prepare for Web 3.0 alongside Polygon and new innovations at come for digital collectibles. “

With the option of becoming a validator, DraftKings would be able to participate in the Proof of Stake consensus protocol for Polygon’s main blockchain network to produce blocks, join Polygon governance and contribute to the security of the network as a leader in the future of Polygon. Since launching in early August, DraftKings Marketplace has already hosted the Preseason Access Collection NFT Autograph collection of iconic athletes with Tom Brady, Wayne Gretzky, Naomi Osaka, Simone Biles and Derek Jeter, all of which sold out almost immediately. DraftKings Marketplace is available to millions of registered DraftKings customers in the United States and Canada, and these collectors will eventually have the ability to transfer purchased NFTs to their own wallets on Ethereum Mainnet.

“By leveraging Polygon’s technology, DraftKings will be able to extend the variety and capabilities of DraftKings Marketplace for an enhanced user experience with even more content and exclusive drops,” said Sandeep Nailwal, Polygon co-founder. . “DraftKings Marketplace already offers fans and collectors a seamless way to buy and resell authentic digital collectibles within a highly accessible ecosystem, so we look forward to being a part of its continued growth. “

With the launch of Polygon Studios in early summer to increase awareness and adoption of NFTs, the Polygon brand has further grown in the blockchain and NFT space. Polygon’s infrastructure supports over 100,000 blockchain players as well as the best Web 3.0 games and metaversees that all contribute to high-quality gaming experiences. The association with DraftKings Marketplace marks the latest major integration for Polygon alongside existing partners that include Atari, Decentraland, OpenSea, The Sandbox, ZED RUN, Neon District and others.

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