- Dolce & Gabbana reveals Collezioni Genesi, a debut non-fungible token collection built on the Polygon network to be auctioned on September 20.
- The Ethereum rival expands its utility with the acquisition of layer-2 scaling solution Hermez in a key technical upgrade for the network.
- Polygon's hold on the NFT ecosystem strengthens, 60% of OpenSea users are on the 0xPolygon network.
The latest updates on the Polygon network have fueled a bullish outlook among traders. Analysts consider that the altcoin has upside potential.
MATIC rally widely anticipated as Polygon’s market share in DeFi and NFTs increases
Polygon network has established a strong foothold in the exploding non-fungible token ecosystem. Fashion giant Dolce & Gabbana worked on their debut NFT collection through Polygon network’s support. The brand has now scheduled the auction for September 20.
The luxury fashion house has a nine-piece collection, “Collezione Genesi,” depicting the illustrations and digital art of pieces designed by Dolce and Gabbana. The NFTs have utility as wearables in the metaverse.
Interestingly, the auction is exclusive and “approved bidders” are allowed to participate in it.
Dolce & Gabbana tweeted:
1/ Today is a big day. We proudly reveal Collezione Genesi, @DolceGabbana’s debut NFT collection — a one-of-a-kind, 9-piece collection personally designed by Domenico Dolce and Stefano Gabbana, exclusively for UNXD.https://t.co/IK2fIP515v
— Dolce & Gabbana (@dolcegabbana) September 6, 2021