OnePlanet supports Polygon NFTs via the New Launchpad Service
NFT marketplace OnePlanet continues its support of the Polygon nonfungible token ecosystem, and has just announced a revived version of its launch service. Creators can now imprint their collections to Polygon directly through the platform.
OnePlanet was originally among the premier NFT marketplaces on the Terra network. After the blockchain’s native stablecoin UST suffered a major meltdown in May, the platform shifted operations to Ethereum scaling solution Polygon.
Derby Stars returns as the OnePlanet launch pad’s first Polygon project
NFT marketplace OnePlanet has revived the launchpad on the Polygon network. The feature was originally launched in January on the Terra blockchain. However, Terra’s May merger – caused by hyperinflation of its original asset LUNA – forced the project to move to Polygon in September.
The launch pad provides a platform for NFT collections to reach a wider audience and access OnePlanet’s marketing resources. It also makes it possible for projects to easily distribute customized launches, and create unique imprint experiences. For example, a press release describing the launch pad refers to “gamified features”.
Play to earn horse racing game Derby Stars has the honor of being the launch pad’s first project. The game previously debuted collections through OnePlanet’s launch pad when the marketplace was distributed on Terra, setting the record for the platform’s fastest sell-out – one minute and 30 seconds.
During the Derby Stars launch – the date of which is still unannounced – the project will release 1,000 free Randombox NFTs via an approval list and public sale. Referring to the Randombox event, the project’s Twitter account posted:
“We spent months creating an unforgettable event.”
Commenting on OnePlanet’s commitment to expanding Polygon NFTs, the marketplace’s CEO, Pryce Cho, stated:
“OnePlanet has been working closely with Polygon Studios to expand the Polygon NFT ecosystem, and the upcoming service launch will help accelerate its growth.”
OnePlanet experienced a lot of attention when Reddit avatars were recently added to the market. The discussion forum’s foray into NFTs has been successful with millions of new users since it launched in July.
Polygon can’t stay out of the news lately. The Ethereum scaling network’s native token MATIC jumped more than 50% to trade at a local high of $1.29 after it was revealed that it would power Instagram’s NFT integration.
Alongside Meta and Reddit, JP Morgan recently used Polygon to test live trading on a public blockchain. Such additions only add to Polygon’s impressive list of partnerships, which already includes names like Disney, Robinhood and Starbucks.
Revive Terra’s NFTs with OnePlanet
Derby Stars is by no means the only Terra NFT project streaming to Polygon. In the few weeks since its launch, OnePlanet has helped move more than 60 collections from the defunct blockchain to Polygon.
OnePlanet’s move to Polygon came after the Terra blockchain imploded in May 2022. Less than a month after the event that rocked the crypto markets and saw various funds collapse, OnePlanet announced the move, citing:
“Key factors such as mass adoption, market opportunity, stability and grassroots support.”
