Mogul Partners with Polygon; Prepares For Influx of Blockchain User Growth

Mogul to leverage Polygon’s scaling infrastructure for Ethereum-compatible platform and turns into community validator

BEVERLY HILLS, Calif., Feb. 26, 2021 /PRNewswire-PRWeb/ — Mogul Productions, the decentralized movie financing (DeFiFi) platform, has partnered with Polygon (previously Matic Community), to supply an enhanced consumer expertise for Mogul customers with near-instant transaction finality.

Mogul’s imaginative and prescient is to be an modern and progressive movie financier and manufacturing firm by leveraging blockchain know-how for voting, movie financing, rewards, and distribution. With its proprietary platform, Mogul will interact audiences and financiers all through the script-to-screen course of, with the mission to advertise transparency in impartial movie financing.

Filmmakers, financiers and followers will come collectively on Mogul’s platform for the primary time as Mogul leverages the ability of the group to assist extra nice movies get made and affords followers the possibility to lend their voices to the artistic course of.

To make sure a greater consumer expertise for all, Mogul has partnered with Polygon to exchange the outdated type of overcomplicated interfaces that long-suffering early blockchain adopters have been pressured to make use of. Mogul can now supply an easy-to-use interface that retains all the safety and privateness attributes enabled by blockchain know-how whereas bettering transaction processing and block verification speeds.

The partnership with Polygon will enable Mogul’s platform customers to learn from seamless, safe and immediate transactions, freed from charges. Mogul will cowl all platform fuel charges to make sure the very best Web3 consumer expertise.

“Working with Polygon permits Mogul’s DeFiFi platform to ship a friction-less blockchain-based consumer expertise for the movie {industry}, whereas nonetheless benefiting from the safety and community results related to utilizing Ethereum’s mainnet” says Gagan Grewal, CEO of Mogul Productions.”This partnership opens the door for our know-how crew so as to add extra advantages to our customers from script submission to financing, and distribution using blockchain applied sciences.”

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Sandeep Nailwal, Co-Founder and COO of Polygon mentioned of the partnership, “Mogul Productions has constructed an immersive platform for the way forward for DeFi within the movie {industry} and their group will now profit from low payment and excessive pace transactions. What units Mogul aside is their dedication to onboarding the subsequent wave of blockchain customers from the movie {industry} in a friction-less method, and we’re excited to work collectively!”

As a part of the partnership, Mogul will help in operating the Polygon community, working as a validator, by serving to confirm transactions on the blockchain by means of operating each Heimdall validator and Bor block producer nodes.

This partnership with Polygon, an industry-leading scaling answer, furthers Mogul’s quest to carry DeFi to the movie {industry}, together with beforehand introduced partnership with Chainlink.

For media inquiries, please contact Leila Wolf at (310) 260-7901 or Leila(at)MelrosePR(dot)com.

About Mogul Productions (Mogul) Mogul Productions is a decentralized movie financing (DeFiFi) platform that connects creators, film followers, and movie financiers in a single house to make sure one of the best movies get made by giving everybody a voice. By leveraging blockchain know-how and a tokenized system, Mogul incentivizes participation and rewards engagement. Utilizing the Mogul in-app fee and utility token (STARS), customers can vote on, greenlight and take part in key decision-making features of manufacturing. Mogul’s steady financing ensures fixed liquidity, permitting financiers to redeem their stake at any time. Mogul’s production team and advisors are award-winning Hollywood veterans who’ve written, directed, acted in, and produced a variety of movies and TV exhibits.

About Polygon (Previously Matic) Polygon is the primary well-structured, easy-to-use platform for Ethereum scaling and infrastructure improvement. Its core element is Polygon SDK, a modular, versatile framework that helps constructing and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium and so on and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 90+ Dapps, ~7M txns and ~200K distinctive customers.

In the event you’re an Ethereum Developer, you are already a Polygon developer! Leverage Polygon’s quick and safe txns on your Dapp, get began here.

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SOURCE Mogul Productions

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