How is the NFT collection pack on @0xPolygon beneficial to Vox Finance
NFT’s have seen a massive growth since 2020, and 2021 was the year of records for it. The NFT tokens completed $1.9 Billion of sale volume in august which is 10 times higher than that of march.
For those who want to know . NFT’s are Digital assets like arts, music, Game items and metaverse that are built on Blockchain as a smart contract just like Cryptocurrency. Every NFT is unique and integrated with the unique blockchain address.
Ethereum blockchain is popularly used NFT marketplace infrastructure as it supports minting of NFT;s prominently. Polygon acts as the second layer of Ethereum blockchain and is capable of performing a similar operation as ERC.
Polygon in the race of NFT marketplace
Polygon is adding itself to the choice list for popular NFT trading blockchain, since its adoption on Opensea. Polygon’s MATIC has been a major form of exchange for NFT buy and sell. The MATIC is an Ethereum token that powers the Polygon Network, which is a scaling solution for Ethereum.
Users can deposit their ethereum tokens to a Polygon smart contract, and interact with them in the Polygon platform.
They can later withdraw them back to the Ethereum main chain. With the Matic token’s purpose of securing the network via staking it can also be used to pay the transaction fees.
Polygon studios signed up for its partnership with Rario, a sport NFT marketplace and is already a part of famous investor Mark Cuban’s company portfolio.
These recent partnerships and the positive ongoing developments resulted in the rise of MATIC tokens to 8100% so far in 2021.
With the growth of the NFT market and Polygon-MATIC, the decentralized apps working on this network will witness major growth in the upcoming years.
There are few projects like SushiSwap, Aave and Vox Finance running on Polygon. These projects have seen a growth in their respective tokens like SushiToken,AAVE and VOX etc.
Vox Finance
One such steadily growing polygon’s partner platform Vox Finance is gaining its popularity in the marketplace. Vox Finance is an innovative DeFi project by an independent team of developers, seeking to bring an innovative approach to the new emerging market.
Since Vox Finance has already joined Polygon it can use their architecture to stake the platform. This might also lead to the surge of VOX token price.
At present, the price of VOX is $44.10 with a 24- hour trading volume of $46,968 and is in surge with 0.3% in the last 24 hours.
As the Polygon architecture is beneficial to the Decentralized apps, in upcoming days it can allow projects like Vox for developing NFT services which is a chance to enter the NFT market.
As mentioned earlier in the blog announcement Vox finance is setting up itself to launch the NFT incentives on staking in the platform. This service is developed so that it automatically provides NFT incentives to the users who have performed staking and will also have more exclusive prizes and rewards wrapped up in it.
Vox has further announced that in its integration with Polygon will open a staking pool on their polygon platform. This announcement has lead to positive growth of the platform and is successfully captivating more users.
Vox Finance ensures easy trading and provides its users with rewards and profits. Vox provides more environmentally and friendly ways of trading.
The main focus and vision of the Vox Finance project is to build a sustainable and truly multi-chain yield-farming platform where users from a multitude of blockchains can access secure & reliable yield-farming services easily.
Social channels
Website:
— Ethereum platform: vox.finance
— Binance Smart Chain platform: bsc.vox.finance
— Polygon platform: polygon.vox.finance
Twitter: twitter.com/RealVoxFinance
Telegram:
— Chat group: t.me/VoxFinanceCommunity
— Announcement channel: t.me/VoxFinance
Email: hello@vox.finance
