It has been reported that Terra Virtua said it had switched to Polygon as part of a plan to create a more sustainable nonfungible token (NFT) ecosystem.
However, 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.
Jawad Ashraf, the Co-founder and Chief Technical Officer of Terra Virtua, said:
“Our mission is to revolutionize 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. By harnessing the power of this new blockchain, we can ensure that our NFTs are limiting their impact.”
The report said that 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, as well as adding features.
Thus, the digital collectibles platform has been steadily expanding since securing $2.5 million in a private funding round last November.