LABS group and polygon teams up to enable full-stack scaling solution for the real-estate blockchain project
Labs group and polygon to collaborate and revolutionalize real-estate market for scale
Polygon is on fire when it comes to partnering with multiple Defi and smart contract-based projects, as it is one of the fastest-growing Layer 2 scaling solutions for Ethereum blockchain. The LABS group project is one such awesome addition, which is adopting Polygons cost-effective, superior, and highly scalable layer 2 solutions to support its vision of bringing real-estate investment over blockchain, to the masses.
So you must be wondering,
What Is Labs Group Project All About?
Labs group I alone of the prominent and leading player in the real estate investment market and one of the early adopters of end-to-end blockchain-based real estate investment platforms.
They have recently partnered with Polygon to introduce a superior full-stack scaling solution on top of its Ethereum application with an intent to allow the real estate investors to invest in real estate for as low as $100. But due to the High Ethereum GAS fee (which is becoming a huge problem for all DeFi / DApps and not allowing them to scale ), they have decided to adopt Polygon’s layer 2 scaling solution to achieve speed and lower GAS fee.
This was becoming a huge road blocker for the users to enter into this real-estate market investment opportunity, now with polygons integration, Labs Group is successfully deploying smart contracts on Polygon Network assuring users to conduct transactions without facing unsustainably high transaction fees.
This partnership is going to be officially announced on 26 May 2021
What Is Polygon?
Polygon boasts itself to be Ethereum’s Internet of Blockchains.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.