OnePlanet NFT Marketplace Migrates to Polygon

OnePlanet has migrated to the Polygon network following the collapse of the Terra blockchain. The migration includes transferring over 60 Terra-based NFT collections, allowing users to seamlessly migrate their collections while continuing to operate in a new environment through OnePlanet.

OnePlanet was quick to respond after the Terra Blockchain collapsed. Courtesy of the financial and technical support provided by Polygon through the Terra Development Fund initiative, OnePlanet made the move of migrating to a new network.

It involved rewriting the entire code to make it compatible with the EVM. OnePlanet has concluded the migration, and the team launched the Beta mode on September 06, 2022. Users can migrate using the beta mode.

Pryce Cho, the Chief Executive Officer of OnePlanet, said that the team was putting its best efforts into sorting & gathering some of the best NFT projects to become the NFT marketplace that truly represents Polygon. Pryce Cho added that the team would introduce more services to take the NFT utilities further amid the environment where many gaming, NFT, & metaverse projects are preparing to launch on Polygon.

One of the initiatives that OnePlanet has mentioned is to allow its users to transact NFT collections with ERC-20 tokens issued from their projects.

OnePlanet has partnered with The Mars, DAVA, TRACER, and other 20+ NFT/metaverse projects based on Polygon. While it is already live in beta mode, other partnerships will soon be live, with an update to follow in the coming days.

To migrate to Polygon, OnePlanet is maintaining a close partnership with Derby Stars, a gaming project based on a P2E blockchain also migrating from the Terra Chain.

OnePlanet is an ideal marketplace for non-fungible tokens. It was founded in January 2022 and quickly reached the top of the list. OnePlanet provides social features, allowing users to conduct meaningful communication with the technical infrastructure and accelerate the development of a project.

The venture is backed by investment from Animoca Brands, Hashed, and Galaxy Interactive, to mention a few.

Its NFT collections are well known and recognized across the industry. They perfectly complement the distinctive services like gamified live auctions and Forge Protocols.

Polygon is a sidechain that runs alongside the Ethereum blockchain to provide faster transactions with low fees. Its native token is MATIC which can be used for staking by the holders. The team is led by Jaynti Kanani, a Co-Founder of Polygon.

Over 130 million unique users have registered on the platform, performing an average of 3 million+ daily transactions. A total of 1.8 billion transactions have been concluded since the inception of Polygon.

Polygon was originally founded as MATIC in 2017, only to be rebranded to the current name in February 2021. The team went ahead to launch Polygon Edge and Polygon Studios in June-July 2021.

A most recent development came in April 2022 when the network went carbon-neutral.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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