The9 Limited announced it has entered into a partnership with Polygon and Protocol Labs. According to a press release published on 23 September, the three will collaborate on The9’s NFT platform NFTSTAR and GameFi Play-to-Earn projects.
Protocol Labs is a major contributor to open-source projects, including the InterPlanetary File System (IPFS) and Filecoin. Polygon is an Ethereum scaling platform that has seen significant growth over the past year, especially in the field of DeFi and NFTs.
Launched in August 2021, NFTSTAR is one of The9’s core businesses. The NFT trading and community platform enables users to purchase, trade, and engage in various interactive activities with non-fungible tokens. NFTSTAR will feature NFT collections created by global stars’ licensed IPs, and is expected to launch in Q4 2021.
As part of the ecosystem collaboration, The9’s NFTSTAR platform and the GameFi projects developed by The9 will consider Polygon as the first priority of public blockchain. Collectibles issued on NFTSTAR will be stored on Protocol Labs’ IPFS and Filecoin network, while all three companies will explore investing in a proprietary GameFi fund.
“The three parties will also collaborate to identify new partners for the fund and continue to explore potential investment opportunities globally,” the company said in the press release.