Hypernet Labs Goes Live on Polygon to Mint Digitally Native IDs and Functional NFTs

Hypernet.Mint and Hypernet.ID will use Polygon’s Full-stack scaling solution to implement enterprise-scale NFT minting

PALO ALTO, Calif.--(BUSINESS WIRE)--Hypernet Labs (Hypernet), a Web3 company developing enterprise-scale NFT (Non-fungible Token) technology, today goes live on Polygon, the leading Full-stack scaling solution on Ethereum, to create digitally-native IDs and functional NFTs through Hypernet.ID and Hypernet.Mint. The integration will allow Hypernet to mint millions of NFTs for companies and creators and, for the first time, provide users with an easy-to-access smart contract factory on the Polygon network.

“We have huge plans for these NFTs,” said Ivan Ravlich, CEO of Hypernet. “We want to expand into and beyond the digital art sphere and offer NFTs with real-world functionalities. With Hypernet.Mint, developers and novices alike will have the opportunity to mint their NFTs with easily-programmable capabilities, and our Hypernet.ID is just the first use case. Now, our users will be able to mint millions of NFTs with all the unique, highly-specialized capabilities they want built right into the assets themselves.”

Hypernet.Mint and the Hypernet.ID are the latest additions to Hypernet Labs’ suite of products, along with Galileo, a computing marketplace, and the Hypernet Protocol, which enables non-crypto-native developers to build applications with integrated crypto payments with ease. The Hypernet.ID is a secure and reusable digital passport to the world of Web3 technology, contained in a non-transferable NFT that allows third party services to know that the user has completed identity and Know Your Customer checks. Hypernet.Mint offers highly-configurable NFTs for enterprise-scale solutions, implementing access to digital and real-world opportunities directly into the metadata of the NFTs. This will enable businesses, organizations, and creators that are looking to expand their tech stack for internal digital infrastructure to develop new ways to expand, connect, and reward loyalty within their communities.

“With Polygon, Hypernet will have the capacity to mint and distribute NFTs at a massive scale – quickly – and at a low cost for both partners and users,” said Jon Venverloh, COO of Hypernet. “Whether it’s an NFT that serves as a ticket to an event, a digital passport, or even as a collectible form of art or entertainment, the possibilities with Hypernet.Mint are truly endless. We are excited to see what doors are unlocked in real life and in the Web3 world with these NFTs.”

About Hypernet Labs

Hypernet is a cyber-infrastructure company building the tools to facilitate the transition to Web3. By focusing on enterprise-scale applications, Hypernet is aiming to bring Web3 technology to as many organizations and individuals in as short a time as possible. While Hypernet’s protocol is open source, the Hypernet team themselves have been developing applications in line with their three core Web3 priorities: 1) Enabling the development of digitally native identities, 2) developing systems for Web3 payments, and 3) building the computing infrastructure to enable widespread utilization of decentralized web services.

About Polygon

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.

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