Polygon Invests in Define Social NFT

Polygon network has made a strategic investment into a platform for social NFTs called DeFine to make NFTs more accessible for non-crypto users. Polygon and DeFine hope to work together to increase the level of interaction as well as social engagement between all creators and digital currency users within the DeFi ecosystem. 

The funds raised from this collaboration between DeFine and Polygon Studio will be used to grow developer networks and to expand Polygon’s own social NFT capabilities. 

The integration between DeFine and Polygon Studio was completed in October 2021. Since then, these two platforms have worked together to provide content creators like musicians, artists and gamers to engage more effectively with their large fanbases with the help of digital social tokens or other NFTs. 

In the coming months, DeFine is also expected to introduce its system of social profile to the Polygon network. This social profile is an NFT powered social identity system of all digital world users based according to their contribution to the digital ecosystem. After the social profile is integrated with Polygon, users will be able to get social profile badges showing off the activities they participate in on the blockchain. These activities may include moving across assets bridges, purchasing NFTS, contributing to liquidity pools, partaking in governance relation functions or many more. 

DeFine already supports various popular blockchain networks like Ethereum, BSC (Binance Smart Chain), Tron. Polygon is the newest addition to DeFine’s policy of expansion into supporting multi-chain platforms. 

DeFine has assured users that all Polygon users will get their new social profile badges once the integration is completed. Older badge holders from other networks will also be given some extra badge related perks. 

Polygon is the Dei world’s most reputed platform for Ethereum based project developments. The Polygon network has already been able to process almost 600 million worth of transactions. So DeFine’s integration with the Polygon network is seen by experts as a very important development in the sphere of social NFTs.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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