"By harnessing the power of this new blockchain, we can ensure that our
NFTs are limiting their impact," said Terra Virtua co-founder and CTO
Jawad Ashraf.
Digital collectibles platform Terra Virtua has moved from the Ethereum blockchain to Polygon in an attempt to be greener.
In
a Monday announcement, Terra Virtua said it had switched to Polygon as
part of a plan to create a more sustainable nonfungible token, or NFT,
ecosystem. The platform claimed the move would reduce the energy
necessary to create a single NFT by more than 99%. However, Terra Virtua
will also remint all digital collectibles previously unsold on Ethereum
in the move to Polygon.
“Our mission is to revolutionise how
audiences engage with NFTs and make them accessible to everyone, but we
believe that the environment shouldn’t have to pay the price for this
new game-changing technology,” said Terra Virtua co-founder and CTO
Jawad Ashraf. “By harnessing the power of this new blockchain, we can
ensure that our NFTs are limiting their impact.”
According to
Terra Virtua, the move is part of an upgrade to take the platform out of
beta testing. The project said it would also be forming licensing
partnerships with global intellectual properties and adding features.
At the time of publication, the platform is offline as part of an announced "site-wide upgrade." Users have until Aug. 22 to purchase Terra Virtua NFTs minted on Ethereum.
Related: UN sees blockchain technology as tool to fight climate crisis
The digital collectibles platform has been steadily expanding since securing $2.5 million in a private funding round last November. In addition to hiring talent aimed at taking the NFT market mainstream, the platform has also launched a series of high profile digital collectibles to coincide with a major movie release.
source link : https://cointelegraph.com/news/terra-virtua-moves-to-polygon-blockchain-citing-environmental-concerns
