{"id":461499,"date":"2021-04-16T20:39:38","date_gmt":"2021-04-16T20:39:38","guid":{"rendered":"https:\/\/wncen.com\/?p=461499"},"modified":"2021-04-19T10:23:41","modified_gmt":"2021-04-19T10:23:41","slug":"trace-network-partners-with-polygon-and-infosys-consulting-for-blockchain-revolution","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/company\/trace-network-partners-with-polygon-and-infosys-consulting-for-blockchain-revolution\/","title":{"rendered":"Polygon expands NFT & DeFi ecosystem with Trace Network"},"content":{"rendered":"
The Layer 2 solution will also add Decentralized Insurance in partnership with Infosys<\/i><\/b><\/p>\n
Beyond Bitcoin, the hottest assets in the crypto markets are those that feature a robust ecosystem that supports several other essential sectors in the industry, such as DeFi or NFTs.<\/span><\/p>\n
The innovative Ethereum Layer 2 scaling solution Polygon \u2013 formerly Matic –\u00a0 is among the most popular and recently partnered with Trace Networks and Infosys Consulting to bring several revolutionary new features to the platform.<\/span><\/p>\n
Here\u2019s what these separate partnerships with Polygon are all about and how it would boost the adoption of the technologies.<\/span><\/p>\n
Trace\u2019s NFT based DeFi solution will boost enterprise adoption on Layer 2<\/i><\/b><\/p>\n
Alongside Bitcoin, the other superstar of the crypto world has been Ethereum. However, high gas fees and a struggle to quickly address scalability have made Layer 2 solutions like Polygon even more important. These technologies address key issues plaguing Ethereum throughput and help work to drive inter-chain connections.<\/span><\/p>\n
The partnership between Polygon and Trace Network will focus specifically on these inter-chain links to remove clunky blockchain data silos. Trace will begin to leverage Polygon\u2019s highly scalable and efficient Layer 2 infrastructure, solving several current crucial blockchain challenges and enabling non-fungible tokens and DeFi capabilities.<\/span><\/p>\n