Learn about the Polygon ecological virtual social project Pluto in this article: the founder of Polygon personally supports it, and NFT will be released soon

By Nancy, PANews

With its strong development momentum, Polygon has become an important force that cannot be ignored in the NFT market. According to PANews' review of the development of the NFT market in the second quarter, Polygon's transaction volume doubled that of Q1, and the newly minted NFT assets accounted for 50.5% of the total.

Recently, PANews noticed that Polygon's original project Pluto was hotly discussed on Twitter due to the upcoming public casting event. As a project strongly recommended by Polygon, Pluto has been strongly supported by funds and resources such as Polygon founders and Polygon Ventures.

Before introducing Pluto, let’s take a look at Magic Batch, the NFT incubator behind it. This is a membership-based platform covering technology, incubation, investment and entertainment products. The members behind it include Ray Chan, CEO of the well-known funny community 9GAG, Ryan Wyatt, former president of Polygon Labs, Polygon co-founder Sandeep Nailwal and Spirit Dao founding member Konger.eth, etc.

Magic Batch Collective is a limited number of NFTs launched by Magic Batch. As of the publication, the floor price has exceeded 4.2 ETH. Holders can not only receive airdrops, but also qualify for whitelist access to their community, and can also invest in venture capitalists and super angels People introduce their creative products and NFT projects for opportunities to raise funds and loan support. At the same time, Magic Batch members will also have the opportunity to invest in DeFi, GameFi, Metaverse and NFT projects backed by Polygon Ventures or mature venture capital funds. Currently, MBC Contents is producing a web animation with the participation of executive producers and writers of well-known shows such as "Kung Fu Panda," "Final Space," and "Kipo and the Age of Fantastic Beasts."

Pluto is the first project launched by Magic Batch. This is a virtual social platform. It has received seed round financing from Polygon co-founder Sandeep Nailwal and more than 10 investors including JD Kanani, Maninder Gulati, and Prashant Malik. Also a consultant for the project. Pluto aims to create a self-expression and social community for like-minded people, and build an interactive, fun and creative world by creating experiential brands that combine fashion, art and games.

The Pluto team has exceeded 35 people and was created by the two co-founders of Magic Batch, Dostmalone and rjun.eth. Among them, Dostmalone has established Nofiltr, the largest creator incubator in Asia. The platform has established cooperation with more than 700 brands such as Netflix, Uber and NBA, covering more than 150 million user groups.

Currently, Pluto is working with some popular artists in the Reddit ecosystem, such as Tyler Foust, Fattybagz, and Carbon Print Shop, etc., to attract the next wave of Web3 Degen by connecting the community with the Reddit Avatar ecosystem. In addition, Pluto is also cooperating with Dew, the first NFT aggregator on Polygon. All players who trade Pluto on this platform will receive 25% token incentives, which may further promote Pluto's trading volume.

Members of the Pluto community receive a number of benefits, including support from the Polygon technology and development team and community, access to existing brands and partnerships, early Polygon news, artwork airdrops and new projects, and opportunities to support high-quality Polygon projects.

Pluto Misfits is the Genesis NFT Collection launched by Pluto, and it is also a pass, with a total of 4444. It will be sold in two forms from July 13th to 14th in whitelist and public, and the price is 0.039 ETH or 99 MATIC. Among them, white list places can be won by contributing to Pluto, becoming a member of Magic Batch, and participating in Pluto's first mini-game "Sunbeam".

In order to attract more users, Pluto Misfits simplifies the minting process using General Messaging (GMP) on LayerZero, participants can use whitelisted native cryptocurrencies and ERC20 tokens (such as ETH, ETH on Polygon, MATIC, Pay with MATIC and USDC on Ethereum on any EVM compatible network and will automatically get a Pluto NFT on Polygon.

And as a flagship project funded by Polygon Ventures, Pluto Misfits has access to the many gaming partners and Web2 brands supported by Polygon, as well as Polygon's technical and virtual world teams. It is worth mentioning that, in addition to NFT, according to Pluto Misfits, the official is also developing a token, which is mainly created around the entire economic system of Pluto.

In short, with a strong team background and Polygon's official "endorsement", it will take time to verify whether Pluto can become Polygon's "golden brand".