Polygon Adds NFTs, DeFi, and Insurance to its Network
- Polygon is working with Trace Network and Infosys (NYSE:INFY) Consulting to expand.
- The network now includes NFTs, DeFi, and decentralized insurance.
Polygon (Matic) Network has expanded its ecosystem to include NFTs, DeFi, and decentralized insurance. The new additions are set to take the enterprise blockchain to the next level.
To this end, Polygon has partnered with Trace Network and Infosys Consulting. On one hand, Trace Network aims to build inter-chain links and remove blockchain data silos. On the other hand, Infosys Consulting is a publicly-listed company that helps its clients leverage disruptive technologies.
First, to attain non-fungible tokenS (NFTs) and decentralized finance (DeFi) capabilities, Trace will leverage Polygon’s innovative, scalable, and efficient Layer 2 infrastructure. The union mainly aims to solve some of the current blockchain problems.
In fact, by creating inter-chain links the venture will help blockchains to unlock their potential as they leverage each other’s strengths to eliminate weaknesses. Also, Trace has the added benefit of helping projects access funding from traditional financial institutions.