Sitting at the intersection of decentralized finance (DeFi) and non-fungible tokens (NFTs), Charged Particles can contribute effectively to make both these categories grow at an enviable pace. One of the prominent challenges faced by individuals in these two segments is the high cost of gas which, in turn, makes the process of mining liquidity unprofitable. The gas prices are on the higher end of the price spectrum, due to which the mining process becomes economically unfeasible for most of the individuals operating in the segment.
To provide a practical solution to these issues, the full-stack scaling from the house of Polygon comes across as an attractive alternative. The full-stack solution from the organization makes the process of liquidity meaning more affordable and helps widen the adoption potential of these new financial assets. It would not be an exaggeration to say that these solutions can become instrumental in literally democratizing the NFTs and DeFi space in the crypto sphere.
The partnership between Charged Particles and Polygon started in March this year when Polygon offered a grant to Charged Particles to use its full-stack scaling solution for building its network. Since then, both organizations are working closely, and the final testing for full integration of Charged Particles with the Polygon is expected to go live in the coming weeks.
The initial integration between the two organizations will specifically focus on minting NFTs on the full-stack scaling solution of Polygon, depositing ERC-20 tokens into NFTs, developing an ability to sell NFTs on different platforms, and creating an ability to yield $IONX, $AAVE, and $MATIC.
The partnership is expected to expand the reach and prominence of both DeFi and NFTs among prospective users. On a broader scale, this coming together is expected to benefit the entire cryptocurrency domain by bringing in more use-cases to benefit all stakeholders involved in the ecosystem of Cryptocurrency and Blockchain Technology.