The world is expanding, and DraftKings is expanding along with it. As NFTs continue to grow, these daily articles will serve as a hub for the latest news and notes in the space.
DraftKings Partnering with Zero Hash to Earn Staking Rewards on Polygon
DraftKings’ Web3 expansion continues. This time, the sports technology and entertainment company is collaborating with Zero Hash in order to stake digital assets on Polygon.
This partnership will allow DraftKings to become one of the blockchain’s first corporate validators, contributing to Polygon’s security and company governance.
“Participating in validation supports DraftKings’ broader strategy of building out a robust, sustainable, trustworthy and decentralized infrastructure to help futureproof aspects of our business in the Web3 era,” DraftKings Co-founder Paul Liberman stated in the company’s press release.
Staking is the process of a company transferring its tokens to a validator for a specific time in order to receive awards as other transactions are verified.
Polygon Co-founder Sandeep Nailwal has expressed his excitement in the partnership and the future role that DraftKings will play in the blockchain’s ecosystem.
“As a validator, DraftKings will become an even more active participant in the Polygon ecosystem, playing a critical role in guaranteeing the integrity of the blockchain and securing the network. We are thrilled to have DraftKings as a validator on Polygon,” Nailwal said.
This is just the latest Web3 venture for DraftKings as the company continues its metaverse expansion.
In its latest #Web3 initiative, @DraftKings joins forces with @ZeroHashX to earn staking rewards as one of the first ever corporate validators on the @0xPolygon blockchain network. More details on this #crypto collaboration are available here: https://t.co/obPKx543oF pic.twitter.com/6gSPyNiDMB— DraftKings News (@DraftKingsNews) March 7, 2022
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