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Terra Virtua strikes to Polygon blockchain, citing environmental considerations

08/16/2021

“By harnessing the ability of this new blockchain, we are able to be certain that our NFTs are limiting their affect,” stated Terra Virtua co-founder and CTO Jawad Ashraf.

Digital collectibles platform Terra Virtua has moved from the Ethereum blockchain to Polygon in an try to be greener.

In a Monday announcement, Terra Virtua stated 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 vitality essential to create a single NFT by greater than 99%. Nevertheless, Terra Virtua may also remint all digital collectibles beforehand unsold on Ethereum within the transfer to Polygon.

“Our mission is to revolutionise how audiences have interaction with NFTs and make them accessible to everybody, however we imagine that the atmosphere shouldn’t must pay the value for this new game-changing expertise,” stated Terra Virtua co-founder and CTO Jawad Ashraf. “By harnessing the ability of this new blockchain, we are able to be certain that our NFTs are limiting their affect.”

In keeping with Terra Virtua, the transfer is a part of an improve to take the platform out of beta testing. The challenge stated it will even be forming licensing partnerships with international mental properties and including options.

On the time of publication, the platform is offline as a part of an introduced “site-wide improve.” Customers have till Aug. 22 to buy Terra Virtua NFTs minted on Ethereum.

Associated: UN sees blockchain expertise as instrument to battle local weather disaster

The digital collectibles platform has been steadily increasing since securing $2.5 million in a non-public funding spherical final November. Along with hiring expertise geared 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.