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    Home » News » Collectibles » Terra Virtua Moves to Polygon Blockchain to Reduce Energy Consumption

    Terra Virtua Moves to Polygon Blockchain to Reduce Energy Consumption

    By Reethu RaviAugust 17, 2021Updated:January 31, 20232 Mins Read

    Digital collectibles platform Terra Virtua has announced that it has moved to Polygon blockchain from Ethereum. The move comes as an attempt to reduce the platform’s energy consumption.

    “By harnessing the power of this new blockchain, we can ensure that our NFTs are limiting their impact,” Terra Virtua Co-founder and Chief Technical Officer, Jawad Ashraf was quoted by Cointelegraph.

    Terra Virtua digital collectibles
    Digital collectibles platform Terra Virtua is going green with its Polygon move. Credits: Terra Virtua

    More on Terra Virtua’s Polygon move

    In an announcement on Monday, August 16, the platform said that it switched to Polygon to develop a more sustainable NFT ecosystem. It claims that the move will reduce the energy required to mint a single NFT by over 99%.

    “Our mission is to revolutionise how audiences engage with NFTs and make them accessible to everyone, but we believe that the environment shouldn’t have to pay the price for this new game-changing technology,” Ashraf further said. 

    Furthermore, Terra Virtua is currently under beta testing. The switch to Polygon is part of an upgrade that will take Terra Virtua out of the testing phase. The platform further stated that it will add new features and build licensing partnerships with various intellectual properties across the globe.

    NFT projects are going green

    As the Ethereum blockchain is highly energy-intensive, many NFT projects are going green by moving to more sustainable platforms. Metaverse game, The Sandbox, for instance, announced its move to Polygon in June. 

    Meanwhile, an increasing number of platforms are keeping the environment first at the time of launch itself. NFT marketplace SUKU INFINITE, for instance, claims to be both carbon-neutral and carbon-negative. Instead of Ethereum, it launched on Hedera Hashgraph, which uses the less energy-intensive Proof of Stake protocol. 

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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    Reethu Ravi
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    Reethu Ravi is a journalist currently based in the UK, covering environment, sustainability, tech and innovation. When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned-journalist, she loves bringing stories of change and innovation to the limelight.

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