- The Savage Smart Tv App enables easy IRL display connectivity and uploads of top-quality media from any marketplace (up to 8K).
- Meanwhile, MATIC gained 2.5 percent over the past 24 hours, with on-chain data showing that Ethereum whales have been scooping up more MATIC tokens within that period.
Per an announcement on its official Twitter page, Ethereum-built layer-2 scaling solution, Polygon has announced that its streaming app, savage, has secured a partnership with electronic and smart appliance tech giants Samsung.
Starting the year with a bang 💥
@thesavageapp + @Samsung are bringing you the highest quality photos & videos in Web3, and it’s happening #onPolygon 🔥 https://t.co/3Q5dcPzuFx— Polygon – MATIC 💜 (@0xPolygon) January 4, 2023
Through the partnership, the Savage App can bring the best quality photos and videos to Web3 users. The Savage Smart TV app enables easy IRL display connectivity and uploads of top-quality media from any marketplace (up to 8K). As expected, the technology is built on the Polygon chain.
More benefits for creators
The SavageApp app also listed the benefits for creators who list on The SavageApp rather than OpenSea. Such benefits include better royalties, rights-managed contracts already embedded in the metadata, higher resolution uploads, and the potential to reach 25 million households.
The Savage NFT marketplace, launched early last year, is the first carbon-neutral NFT marketplace. This marketplace allows creators to share their work in the format of their choice, including original raw images, as it has a file size limit of 2GB.
More importantly, minting on savage is energy efficient as minting takes place on Polygon’s proof-of-stake (PoS) protocol. Hence, it consumes 0.002 percent of the energy required to mint the same NFT on a proof-of-work (PoW) NFT marketplace.
Hence, using a PoS protocol enables the marketplace to allow huge file sizes at low minting fees. The savage marketplace has its native token (the SAVG token), which is helpful for digital rights management, NFT payouts, purchases, and minting.
MATIC surges 2.5 percent in 24 hours
Polygon’s native token, MATIC, gained 2.5 percent over the past 24 hours, with on-chain data showing that Ethereum whales have been scooping up more MATIC tokens within that period.
On-chain analytics platform WhaleStats revealed that the top 500 Ethereum whales have been accumulating MATIC tokens since New Year’s Day, with the intense buying pressure pushing the token to rank among the top 10 most purchased cryptocurrencies. WhaleStats data further revealed that these ETH whales also accumulated vast amounts of CRV, SHIB, and wETH tokens.
While whales’ intense buying pressure indicates bullishness for MATIC’s price, it isn’t all good news for the Polygon network. Recently, blockchain data metrics platform, Santiment, revealed that Polygon ranks among the platforms with the least developer activity. A high development activity means a project’s developers are adding valuable features to the project, an activity that often boosts the network’s native token over the long term.
Conversely, the Santiment data shows that development activity on Polkadot and Cardano is way higher than on Polygon. Hence, MATIC may continue to trade sideways this new year unless these developer activities increase. Coingecko data shows that MATIC currently trades at $0.801, up by 2.5 percent in the last 24 hours but still 67.1 percent off its all-time high.
Credit: Source link
