Collectibles have fascinated generations of young minds that have been engaging with their favorites, spanning anything from cars to sports and fiction. As collectors are coming of age, their passion is still burning with the same intensity while their wealth increases. This has resulted in a steadily increasing value for various collectibles, with trading card markets becoming a multi-billion dollar industry.
Physical collectibles do have their limitations, however, as they are perishable, expensive to appraise and own, and therefore generally not “usable” in their originally intended manner.
Blockchain collectibles have none of the aforementioned issues and have quite a few additional properties that contribute additional value, such as an immutable ownership history, the ability to be integrated and used in games, apps, or galleries, and of course exposure to a global decentralized market.
This is why we are excited to announce that the Polkamon digital collectibles are coming to the Elrond Network in Q3 this year!
“Non-Fungible Tokens have incalculable long-term potential in any vertical where authenticity, transferability, and liquidity are important. The combination between Elrond’s NFT implementation and Polkamon collectibles is an excellent mix for creative experimentation.” said Beniamin Mincu, Elrond CEO.
The Polkamon team has created beautiful animated digital collectibles that are available as blockchain NFTs. They are discoverable in a similar manner as mainstream physical trading card games, by opening packs - an entertaining activity that is gaining popularity among streamers and their audiences.
The collaboration will focus on making select Polkamon collectibles available as NFTs on the Elrond mainnet. Players will have a more enjoyable experience when opening booster packs and discovering collectibles, thanks to our mainnet’s high speed and inexpensive transfers.
To mark the occasion, a rare Elrond Unidragon has been made available amongst the collectibles that can be discovered by Polkamon players!
“Elrond implemented NFTs straight into their protocol, which makes non-fungible tokens on their network much faster to mint and use, at costs that are orders of magnitude lower than what everyone is used to these days.” said Leif Eric Leiser, Polkamon CEO.
The collaboration is important for the Elrond ecosystem as it broadens the scope of NFT implementations on our mainnet and further drives adoption through entertaining use-cases.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
Polkamon are exquisitely animated digital collectibles created using blockchain technology. Each Polkamon is backed by a truly unique NFT that is indistinguishable from any other NFT and can be unpacked with $PMON tokens, the native ERC-20 token on the Polkamon platform. Each collectible is inimitable, authentic and differs in rarity. The Polkamon NFT collection can easily be integrated into modern games, art, and other blockchain connected products.