Polygon, a pioneering blockchain instrumental in onboarding millions to the Web3 ecosystem, recently announced Polygon Studios, with plans to commit $100 million to projects leading the transition to Web3.
FanAnywhere is the latest to join the portfolio that includes DraftKings, DeFine, blockchain-based gaming and nonfungible token (NFT) companies, such as Forte, among others.
The Polygon blockchain is backed by investments from seasoned industry stalwarts, including Mark Cuban, Kevin O’Leary, Sequoia Capital and many other high-profile investors. In addition, FanAnywhere is already in the process of appealing to the lucrative Indian market that is nascent and primed for NFT and blockchain adoption, including recent announcements of some big names in the entertainment industry launching their NFTs exclusively on FanAnywhere.
Varun Choudhary, CEO of FanAnywhere, quoted, “What a privilege and honor it is to join hands with Polygon Studios as a portfolio company. It will help FanAnywhere to accelerate the product development and open doors for broader adoption of our ecosystem.”
“Leveraging Polygon’s technology, FanAnywhere continues to lean into blockchain and NFTs, bringing fans closer to celebrities through rapidly growing Web3 and metaverse tech,” said Amit Kumar, chief technology officer of FanAnywhere. “Through this, we’ll continue to double down the efforts on being the one-stop shop for celebrity and fan tokens.”
“Polygon is dedicated to supporting companies that usher in the future of Web3,” said Sandeep Nailwal, co-founder of Polygon. “FanAnywhere is one of the potentially strong projects based on celebrity NFTs and fan tokens in the blockchain space. We’re excited to support their development on Polygon.”
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: layer-2 solutions (zk-Rollups and optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions and more. Polygon’s scaling solutions have seen widespread adoption with over 3,000 applications hosted, 600 million transactions processed, 60 million unique user addresses, and over $5 billion in assets secured.
If you’re an Ethereum developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for your decentralized application and get started here.
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About Polygon Studios
Polygon Studios is the gaming and NFT arm of Polygon focused on growing the global blockchain gaming and NFT Industry and bridging the gap between Web2 and Web3 gaming through investment, marketing and developer support.
The Polygon Studios ecosystem comprises highly loved games and NFT projects such as OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, MegaCryptoPolis, Neon District, Cometh and Decentral Games. Get started here if you are a game developer, builder or NFT creator looking to join the Polygon Studios ecosystem.
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With a vision to monetize celebrities’ popularity and pass on the benefits to its contributors, FanAnywhere is a social blockchain-based community.
FanAnywhere offers a platform that enables fans to get closer to celebrities and clubs by acquiring tokens and availing diverse experiences in the real world and the metaverse. It also creates a new asset class for celebrities and brands by putting a monetary tag on their brand value and earning lifetime royalty.
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