The start of the 'blockchain wars'
These days, it's common to have subscriptions to Netflix, HBO Max, Amazon Prime, Disney+, Showtime, Peacock...
Plus any other streaming services that your friends and family 'share' the login details for.
There've been a few lost soldiers along the way (RIP CNN+) and the battle for the best original content is hot right now.
Same goes for blockchains that support NFTs.
There are the Netflix and HBO Max's of the NFT ecosystem - Ethereum, Polygon, Solana - and the Peacocks too - Flow, Cardano, WAX etc.
Last week it was announced on Discord (and reposted on Twitter), that DeLabs had received $3M from Polygon to move their Y00ts NFT collection from Solana, over to Polygon.
In the statement it was noted that the funds would be coming in as a “non-equity grant,” meaning Polygon doesn't receive a stake in DeLabs for their 3 million dollarydoos.
The only strings attached seem to be that they move Y00ts over to Polygon.
It was also mentioned that there were "much larger offers on the table from other blockchains" which really piqued our interest...
Why does this all matter?
As discussed in each and every edition of Over The Shoulder (shameless plug), the size of the community, and the number of daily active wallets (DAWs) matters for a blockchain.
The more projects on Polygon -> the more community activity and DAWs.
In the past year or so, Polygon has signed deals with Starbucks, Coca-Cola and Disney, to name a few.
(And DeLabs has already hinted at a possible collaboration for Y00ts).
So, stealing business from one blockchain to boost the popularity, traffic and community around another blockchain is a big deal.
Get your popcorn out cause we're calling our shot now: this is the start of the 'Blockchain Wars.'
