Source: news.google.com
Polygon forms a strategic partnership with neobanking app Hi to embark on its journey to become the standard bearer for non-gas fees for NFTs. Users now have more options when customizing their non-fungible tokens. Hello, a neobanking app allows customers to use Mastercard to spend in fiat or digital currency. Polygon Studios and hi have announced their collaboration to bring innovative new features, first for hi and Mastercard, where users can mint their non-fungible tokens using an image they like.
The image can be anything and would appear on the Web3 Mastercard debit card. Creators, regardless of their experience, can take advantage of this opportunity for a better experience. Mastercard is accepted by more than 90 million merchants around the world. A Web3 debit card with its NFT face is sure to provide a pleasant experience. Also, users can use any personal NFT such as a vacation photo, a pet picture, or even any online photo as their NFT cover image. Also, this would help them pay gas fees.
The development applies exclusively to hi users who can access polygon.hi.com and learn the steps to mint an NFT.
However, hello, you have announced that you are lowering the membership threshold for NFT customization to celebrate your collaboration with Polygon Studios. Users with a high silver level or higher are now eligible to create their NFTs. The silver level is achieved by simply signing up to hi and staking your native token: HI.
Users who register on the platform get several benefits. For example, users earn up to 10% reward for travel spend and benefits on every transaction.
The best thing about the minting process is that it is a completely gas-free experience. Users in more than 25 European countries and the UK will initially have access to the feature. According to their announcement, the feature is scheduled to roll out in December 2022.
Having a Web3 Debit Mastercard is a blessing with innovative features. Members can earn cryptocurrency rewards as they spend their funds. Other innovative functionality that users can access Buy without converting laterwith convenient refills.
The move follows other strategic partnerships initiated by Polygon with Magic Eden and Starbucks.
NFT transactions on Polygon have increased 1,648% since the beginning of December 2022. Assuming such partnerships continue to occur, Polygon will outperform other industry players.
The association between hi and Polygon is strongly supported by Polygon’s belief in Web3. The decentralized Ethereum scaling platform allows developers to build decentralized applications that are scalable based on their ease of use.
There could be scope for more use of custom NFTs. Currently they are for Mastercard. In the future, the utility could be increased with a top application in addition to the NFT Mastercard debit card.
The minting process at Polygon is quick and simple, allowing everyone to mint their favorite NFTs. Users can expect the feature to go live in full at the end of December, after which they will be free to mint NFTs based on their favorite image. It could be a portrait of themselves or a special moment from their travel days.
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