Terra Virtua strikes to Polygon blockchain, citing environmental issues
Digital collectibles platform Terra Virtua has moved from the Ethereum blockchain to Polygon in an try and be greener.
In a Monday announcement, Terra Virtua mentioned it had switched to Polygon as a part of a plan to create a extra sustainable nonfungible token, or NFT, ecosystem. The platform claimed the transfer would scale back the power essential to create a single NFT by greater than 99%. However, Terra Virtua can even remint all digital collectibles beforehand unsold on Ethereum within the transfer to Polygon.
“Our mission is to revolutionise how audiences engage with NFTs and make them accessible to everyone, but we believe that the environment shouldn’t have to pay the price for this new game-changing technology,” mentioned Terra Virtua co-founder and CTO Jawad Ashraf. “By harnessing the power of this new blockchain, we can ensure that our NFTs are limiting their impact.”
According to Terra Virtua, the transfer is a part of an improve to take the platform out of beta testing. The mission mentioned it will even be forming licensing partnerships with world mental properties and including options.
At the time of publication, the platform is offline as a part of an announced “site-wide upgrade.” Users have till Aug. 22 to buy Terra Virtua NFTs minted on Ethereum.
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The digital collectibles platform has been steadily increasing since securing $2.5 million in a non-public funding spherical final November. In addition to hiring expertise aimed toward taking the NFT market mainstream, the platform has additionally launched a collection of excessive profile digital collectibles to coincide with a serious film launch.