MOGUL PARTNERS WITH POLYGON & PREPARES FOR GROWTH OF BLOCKCHAIN USERS
Mogul uses Polygon’s scaling infrastructure for an Ethereum compatible platform and becomes a network validator
Decentralized film financing platform (DeFiFi) Mogul Productions has partnered with Polygon (formerly Matic Network) to provide Mogul users with an enhanced user experience for near-instant transactional purposes.
Mogul tends to be an innovative and progressive filmmaker and fundraiser using blockchain technology to vote, fund, reward, and distribution. With its proprietary platform, Mogul will engage audiences and financiers during the transition from script to screen to increase financing transparency.
As filmmakers, funders and fans gather on Mogul’s platform for the first time, Mogul uses the audience’s power to make more great movies and allows fans to give their voice to the creative process.
Mogul has partnered with Polygon to replace the old-fashioned overly complex interfaces that early long-lived blockchain users had to use to provide a better user experience for everyone. Mogul can now offer an easy-to-use interface that preserves all the security and privacy features provided by blockchain technology, increasing transaction processing and block validation speed.
By partnering with Polygon, users of the Mogul platform can enjoy instant, secure and free transactions. Mogul covers all gas rates on the platform to provide the best Web3 user experience possible.
Gagan Grewal, CEO of Mogul Productions, said by working with Polygon, Mogul’s DeFiFi platform can provide a seamless blockchain-based user experience for the film industry while taking advantage of the network and security impacts associated with using the Ethereum mainnet. It opens the Mogul technology team’s door to bring more benefits to users, from scripting to distribution using funding and blockchain technologies.
Sandeep Nailwal, Co-Founder and COO of Polygon, said of the partnership with Mogul Productions has created a comprehensive platform for DeFi’s future in the film industry, and its community will now benefit from high-speed transactions and low fees. What sets Mogul apart from the rest is its commitment to seamlessly integrating the next wave of blockchain users from the movie industry.
As part of the partnership, Mogul will help run the polygon network as a validator by validating the blockchain’s transactions by running Heimdall’s validator and Bor block producer nodes.
This partnership with Polygon, an industry-leading scaling solution, supports Mogul’s effort to bring DeFi to the film industry and the previously announced partnership with Chainlink.
ABOUT MOGUL PRODUCTIONS (MOGUL)
Mogul Productions is a decentralized film financing (DeFiFi) platform that brings together creators, movie fans, and movie funders in one room to make the best movies with a voice for everyone. Using blockchain technology and a token system, Mogul encourages and rewards participation. Mogul’s In-App Utility and Payment Token (STARS) allow users to vote on greenlight and participate in key production aspects. Mogul’s ongoing financing provides continuous liquidity for financiers to buy back their shares at any time. Mogul’s production crew and consultants are award-winning Hollywood veterans who have written, directed, acted, and produced a wide variety of movies and shows.
ABOUT POLYGON (FORMERLY MATIC)
Polygon is the first well-structured and user-friendly platform for Ethereum infrastructure development and scaling. The main component is Plasma, Optimistic Gathering, zkRollups, Validium, etc. Polygon SDK, a flexible and modular framework that supports the creation and connection of such secure chains. And Independent chains such as Matic POS are designed to offer flexibility and independence. Polygon’s Layer 2 chains are widely adopted, with over 90 dapps, ~ 7 million streams, and ~ 200,000 unique users.