Polygon (MATIC) chosen as platform for Beeple’s new NFT venture

Karthik Subramanian

Artist Mike Winkelmann, also known as Beeple, who shot to fame when his digital artwork was sold for $69.3 million, has chosen to launch his new NFT venture WeNew on Polygon (MATIC) to reduce environmental impact.


Polygon is a Layer 2 scaling solution on Ethereum that has been gaining a lot of traction among users and developers for its ease-of-use and also for its low gas fees while continuing to offer other benefits that lie with Ethereum. It is indeed another feather in its cap that the poster boy of the NFTs has chosen Polygon (MATIC) for his new platform, WeNew, which will sell iconic moments in time.

Polygon already has a well-developed NFT ecosystem with many tools, marketplaces, brands, and other products being built on it. It has more than 150 NFT Dapps and marketplaces like OpenSea already built and working on it. The reason that WeNew has chosen Polygon is the fact that the network works on a POS (proof of stake) model which means that it is environmentally safe and also easy to scale as well. Going green seems to be the latest craze among the crypto developer communities as more and more people raise concern over the carbon footprint left by bitcoin mining and other crypto activities.

As far as the WeNew platform is concerned, it looks to digitally frame-up momentous moments in time whether it is in sports or politics or music or any other field. The platform is going to start with the 2013 Wimbledon victory of Andy Murray which will be minted on Polygon and it hopes that this would generate a lot of interest in the NFT domain as a whole which would then be able to translate into more brands and celebrities hopping on the NFT bandwagon in due course of time.

The platform has also tied up with Andy Murray so that the winner of the NFT auction for the digital art, that would be held in July, would get to play a match with Murray. The winner would also get two tickets to the 2022 Wimbledon Finals. Each collection of digital artwork on sale on the platform would depict a moment or person in history.

It is indeed another leap forward for Polygon (MATIC) which has been garnering a lot of attention of late among traders and investors as well. It is good for the overall crypto ecosystem that other networks and solutions also gain some attention so that it removes the dependence on bitcoin and ethereum to hold up the entire crypto marketplace.


    Read this next

    Retail FX

    eToro revives IPO plans after failed $10B SPAC merger

    Israeli social trading network eToro is actively exploring options for a public market listing, according to CEO Yoni Assia in an exclusive interview with CNBC.

    Digital Assets

    Meme Coin Communities Gear Up for the CoinMarketCap Crypto Awards

    CoinMarketCap’s Crypto Awards 2024, the first edition of a new annual event, is captivating the global crypto community. This is especially true for the Meme Coin Of The Year category, where voting has become a battleground for the most passionate and vibrant communities in the crypto space.

    Digital Assets

    Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards

    The Layer-1 Received the Top Honor at the Eurasia Awards While Experiencing a Period of Unprecedented Growth and Recognition

    Crypto Insider

    Vitalik Buterin, Sandeep Nailwal Lead Decentralized AGI Summit, Address Centralized AI Risks at ETHDenver

    Sentient and Symbolic Capital’s Decentralized AGI Summit will feature leading Decentralized AI authorities like Vitalik Buterin and Sandeep Nailwal.

    Digital Assets

    Aethir Unveils Its First Decentralized AI Node Sale

    Aethir, a leader in decentralized GPU cloud infrastructure, has announced its highly anticipated Node Sale.

    Market News

    Weekly data: Oil and Gold. How they might be affected in the short term?

    This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.

    Digital Assets

    BitForex goes offline after mysterious $57 million withdrawal

    BitForex, the Hong Kong-based cryptocurrency exchange, abruptly went offline following a mysterious withdrawal of $57 million from its hot wallets. Blockchain detective ZachXBT was among the first to spotlight this, revealing that BitForex has ceased withdrawal transactions and its team appears to be unresponsive.

    Digital Assets

    Should the largest Bitcoin trade be priced in BTC or USD?

    Three days ago, the Bitcoin network witnessed a staggering transaction of 26,139 BTC, valued at $1.347 billion. This recent transaction contrasts sharply with a notable event from 2011, where 500,000 BTC were moved, then valued at around $1.13 million.

    Market News

    EURUSD volatility abound as more Americans buy houses whilst Europe lags behind

    EURUSD volatility has been on the rise, reflecting contrasting trends between the United States and Europe, particularly in the housing market.