DraftKings Enters Blockchain Agreement With Polygon

  • DraftKings Inc's DKNG digital collectibles ecosystem, DraftKings Marketplace, is partnering with Polygon, an Ethereum-based scaling platform, to support custom NFT drops along with secondary-market transactions.
  • The deal provides DraftKings Marketplace with a scalable, eco-friendly blockchain solution that enables added throughput and expanded capabilities.
  • With the option of becoming a validator, DraftKings would be able to participate in the consensus protocol for the Polygon blockchain main network to produce blocks and contribute to network security.
  • Since its launch, DraftKings Marketplace has hosted Autograph's Preseason Access Collection NFT drops of athletes featuring Tom Brady, Wayne Gretzky, Naomi Osaka, Simone Biles, and Derek Jeter.
  • Price Action: DKNG shares are trading higher by 1.41% at $48.76 on the last check Monday.
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