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Virtua Taps Polygon To Expand Its NFT Marketplace

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Virtua’s recent agreement with Polygon is part of an effort to expand its NFT marketplace. NFTs and other cryptocurrency-related products were facing a drop in value as the bears took control of the market. Given the excitement surrounding the NFT industry, many people found this shocking.

Many in the community avoided discussing how NFTs were the future after the sale of NFTs suffered a significant fall. Many people started to believe that non-fungible tokens were merely a fad. Popular platforms like Polygon have resumed seeing opportunities in the industry, nevertheless.

To improve its NFT marketplace, Polygon has announced a new cooperation with Virtua.

Polygon x Virtua collaboration will ensure a greener marketplace

With the new partnership, Virtua’s NFT marketplace should operate more quickly and with less environmental effect. The Virtua platform helps artists to create useful, immersive 3D NFTs. Artists can display their items in Virtua’s metaverse showrooms.

Virtua picked Polygon because of its scalability and environmental friendliness. The collaboration will also enable Virtua users to leverage Polygon’s zkEVM technology. This will result in speedier transactions, lower gas costs, and enhanced security.

Many platforms are drawn to Polygon because of its focus on carbon neutrality and capacity to produce NFTs more affordably. The relationship between cryptocurrencies and the environment has long been debated.

One of the main criticisms of Bitcoin, Ethereum, and its proof-of-work mining consensus has been its environmental effect. Ethereum recently switched to a proof-of-stake consensus, nevertheless. This nullified the critique of Ethereum’s energy-intensive mining process.

Before Ethereum switched to proof of stake, minting an NFT on Ethereum resulted in around 150kg of CO2, which is comparable to watching 4,320 hours of Netflix. By contrast, minting on MATIC produced just.4g of CO2, which is only 40 seconds of Netflix viewing.

The Merge brought Polygon’s carbon emissions down by an additional 99.91%, bringing it much closer to its 2022 carbon-negative target.

Thanks to the merge, Ethereum made significant strides toward sustainability, but it continues to rely on Layer 2 solutions like MATIC to deliver the scalability, cheap gas costs, and quick transactions that platforms like Virtua require. Following Ethereum, several coins are likely to follow suit.

Cardano’s Metaverse & Kevin Hart Tease A Brand New Collab

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The Cardano ecosystem is teeming with a lot of interesting activities. The latest of which is a celebrity collaboration in its metaverse project. Announcing the same via Twitter, Virtua has joined hands with American comedian and actor Kevin Hart to build metaverse on the platform.

“We’re really excited to be working with the main man himself, Kevin Hart to bring his metaverse vision to life,” the tweet read. Adding a gif of one of Hart’s iconic memes, “It’s About To Go Down!”

While the specifics had not been shared at the time of this post, Hart too confirmed the announcement.

Prior to this, the star comic partnered with virtual entertainment firm Virtua and web3 platform Moonwalk to launch “Confessions From the Hart” NFTs on his 43rd birthday.

With the latest collaboration, Kevin Hart has joined the ranks of other American celebrities, like Martin Lawrence and Snoop Dogg, who have also launched NFTs on Cardano.

Earlier in April, Snoop Dogg and Cardano founder Charles Hoskinson met in an epic Twitter space to discuss music and NFTs.

Later, one of its native NFT projects Clay Nation launched its official collaboration with Snoop Dogg and Champ Medici, thus bringing iconic clay animations, land pitches, and unlockable music content to Cardano.

Cardano and Terra Virtua- Where It All Began

On April 25, Hoskinson and Jawad Ashraf, Terra Virtua CEO, were in discussions about the duo’s collaboration and future plans. IOHK, its parent firm also put out a reminder by sharing Terra Virtua’s post on Twitter and noting the date of the event.

The Virtua NFT marketplace was the result of a collaboration with Cardano Island serving as a representation of its Metaverse.

Terra Virtua which has been constructing NFT and metaverses since 2018, continues to broaden its reach by incorporating cell gadgets, AR and VR.

Its newly developed NFT market on the Cardano blockchain in an attempt to revamp the house of digital collectibles by means of gamification, discovering new methods to interact with customers and advertise larger sustainability.

Additionally, it has its very own token: Terra Virtua Kolect [TVK]. 

Another Cardano-based Metaverse Cardalonia has recently integrated Adahandle and is set to release the first Play To Earn game trailer. Built on the Cardano network, Cardalonia is powered by the LONIA utility token.