Polygon Labs, Suku release first open edition NFTs

Stock Photo – pbs.twimg.com

Polygon Labs and Suku have released their first-ever open edition NFT collection, which has no supply cap and set buying period.

This collaboration captured broad attention from users and businesses since they minted over 50,000 NFTs during the 48-hour mint window on Twitter.

The new project achieved high engagement for about 88,000 mentions, 22 million impressions and reached 18 million users. Suku reported 48,000 wallet downloads during the minting period.

Behind the successful campaign, the minting was supported by three key points. One was its user-friendly process activated by only tweeting with defined parameters. The scalable Polygon network also speeds up transactions, enabling the project to serve more transactions. Lastly, the campaign excelled at managing NFT minting and ownership without seed phrases or private keys.

Suku aims to introduce NFTs to people who are not familiar with the asset class. The company simplifies this process by avoiding complicated setup and minting the NFTs through tweets.

Users must mention specific accounts, specifically Polygon’s Labs @0xPolygon and Suku’s @SukuThis, in their tweets. Once the tweet is sent, the NFT is minted.

Users can get their newly created NFT by downloading the Suku Wallet extension at Chrome or using the Suku Wallet web app with their Twitter account. This step requires only logging into Twitter and going to the “Collectibles” section within the Suku Wallet.

Celebrating Polygon 2.0 launch

The new NFT collection is a part of the Polygon 2.0 launching celebration. Polygon Labs launched its new Polygon 2.0 project to make Ethereum technology accessible and usable on a much larger scale.

The main idea of Polygon 2.0 is to create a protocol that allows people from anywhere in the world to create, program and exchange value using the network.

The foundation of Polygon 2.0 is a network of ZK-powered L2 (Layer 2) chains. These chains are connected through a unique cross-chain coordination protocol. This design allows the network to handle many chains, making it practically unlimited in scale. The cross-chain interactions can occur seamlessly and rapidly without worrying about extra security measures.

Suku aims to simplify access to crypto

Suku focuses on creating easy-to-use tools for decentralized operations. The company aims to make Web3 more accessible to Internet users. Suku wants to speed up the use of blockchain technology by providing user-friendly products that do not require users to have prior knowledge of cryptocurrencies.

One of its main products is a social Web3 wallet called Suku Wallet. The wallet allows users to receive and send funds effortlessly. Instead of using complex crypto addresses, Suku’s wallet enables transactions through a simple Twitter login.

Suku’s integration with widely-used social platforms like Twitter is expected to increase public participation in Web3. Furthermore, the Suku Wallet removes the need for a separate wallet altogether. Anyone with a Twitter account can directly receive digital assets.

Although Web3 technology aims to bring a more decentralized internet, there are challenges in turning it into practical and scalable products. The challenges are the reasons for venture capitalists to back down from securing Web3 development deals. While enthusiasm for Web3 peaked in 2021 when investors put in over $30 billion, it slowed down in the later quarters in 2022.