NFT News: DraftKings Partnering with Zero Hash to Earn Staking Rewards on Polygon

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.

In case you are new to the Metaverse, check out my quick breakdown on what NFTs are and how they work. For those looking to get in the game, read my article on how to set up a MetaMask wallet.


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.


Follow the NFT Drops DK Social account here for updates on upcoming, live and past drops.

Join the DraftKings Marketplace conversation on DK Social.


The DraftKings Marketplace is currently only available in the United States and Canada.

You must be 18+* located in any of the 50 US states or Canada to buy and sell NFTs on DraftKings Marketplace.

*Must be 19+ in Alabama and Nebraska.

*Must be 21+ in Iowa, Louisiana and Massachusetts.

Additional requirements for accessing:

You must have a verified DraftKings account.

You must agree to our DraftKings Marketplace Terms of Use and DraftKings Marketplace Privacy Policy before transacting on DraftKings Marketplace.


For more details and FAQs, please reference our About page or help center with FAQs!


Source link

Leave a Reply

Your email address will not be published.