# Polymarket NFTs

*Author: Bankless*
*Published: Jul 26, 2024*
*Source: https://www.bankless.com/es/polymarket-nfts*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/unnamed--19-.png)](https://bit.ly/3vFsAzL)

  

   Polymarket NFTs
  

  
  Published on July 26, 2024

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](https://www.bankless.com/metaversal)
 

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      NFT ROUNDUP
    
    
  
  
    
  Polymarket NFTs
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/image---2024-07-25T182633.050-1.png)](https://www.bankless.com/metaversal)[**Polymarket**](https://www.bankless.com/how-to-trade-predictions-on-polymarket)** is the prediction marketplace on Polygon that’s been tearing up a storm lately amid the ongoing excitement around the 2024 U.S. presidential election. **

Indeed, the platform just crossed [$1 billion](https://x.com/SchorLukas/status/1816190429551026541) in value processed and is accounting for [~6% of all transaction fees](https://x.com/smyyguy/status/1816486012282888588) paid on Polygon. 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/image---2024-07-25T181818.530.png)](https://x.com/smyyguy/status/1816486012282888588)*via [X](https://x.com/smyyguy/status/1816486012282888588)*
With its slick UX and support for card payments, Polymarket is offering an app that some normie users [don’t even realize](https://x.com/JasonYanowitz/status/1815920469771485448)* *is built atop crypto rails. That’s a good thing! 

Yet even plenty of crypto veterans have overlooked how Polymarket actually works. For instance, did you know that the so-called [binary outcome tokens](https://docs.polymarket.com/#clob-api) that underpin the platform’s exchange system are ERC1155 NFTs?

So much attention has been given to NFTs as digital collectibles to be speculated on that many have lost sight of how NFTs can be used toward other ends, like as infra building blocks for prediction marketplaces. 

NFTs as collectibles are here to stay, and absolutely they are programmably compelling. My grand point, then? Going forward, expect more examples like Polymarket where NFTs are used as building blocks *under the hood* rather than as premier products themselves. 

After all, this is one of the main reasons NFTs are so interesting, the format is extremely flexible and composable. What we do with them and make of them remains mainly limited by our imaginations!

### **📰 General news**
- **Abstract**, the new consumer crypto L2, [formally introduced itself](https://x.com/AbstractChain/status/1815771462671737309) and [launched its testnet](https://x.com/AbstractChain/status/1816926655740305775)
- **Crowdmuse **opened [its Create flow to all users](https://x.com/crowdmuse/status/1815793548207546683)
- **Hypersub** added [support for crosschain payments](https://x.com/_nonlinear/status/1816494909115056624)
- **NFT Pulse** unveiled [new stats categories](https://x.com/mishafrolov/status/1816208184492843180)
- **Zora **introduced [Sparks, a new unit of measurement for ETH](https://zora.co/writings/sparks)

### **🎨 Cryptoart & music**
- **Coop Records** joined [DRiP on Solana](https://x.com/Cooopahtroopa/status/1816528218197024947)
- **Travess Smalley** released [*CRAWL *on Feral File](https://x.com/travess/status/1813243245960331380)

### **🏆 Digital collectibles**
- **Doodles **introduced [Doodlesᵗᵛ](https://x.com/doodles/status/1815787866825388419) 
- **Ethereum Investors Club** launched [its EIC02 mints](https://x.com/EICquarterly/status/1816158674248949994) 
- **Ethereum Stories** kicked off [a mint for its new documentary trailer](https://x.com/ljxie/status/1815786673399271476)[
](https://twitter.com/punksOTC/status/1798093880711155918)
- **Quantum Cats** gifted [Weikeng Chen a membership for his STARK verifier research](https://x.com/QuantumCatsXYZ/status/1816111508767514771)

### **🎮 Decentralized gaming**
- **Atari X** released [a mintable arcade platform on Base](https://x.com/base/status/1815441757729157188)
- **Axie Infinity** started [its Origins S9 Final Era gameplay](https://x.com/AxieInfinity/status/1815961090641256625)
- **Illuvium **launched [its official gameplay](https://x.com/illuviumio/status/1816537026734297109)
- **Otherside **is running [its first Project Dragon gaming event](https://x.com/CryptoGarga/status/1815838329834987668)
- **Parallel **introduced [high-stakes tournaments in its latest patch](https://x.com/ParallelTCG/status/1816570738515841082)
- **NPC Labs**, the core contributors behind the B3 gaming L3 on Base, [raised $21 million in a new funding round](https://x.com/b3dotfun/status/1816177147133960439)
- **Treasure **launched [Magicswap v2 to power Game Exchange (GEX) use cases](https://x.com/Treasure_DAO/status/1815402285910073851)

### **📱 Onchain social**
- **Farcaster Frames **now support [Polygon PoS transactions](https://x.com/0xPolygon/status/1816535929387118651)
- **Joseph Delong** unveiled [his new crypto social project Untitled](https://x.com/josephdelong/status/1816883612094025808)
- **Yup **received [investments from Nascent and IDEO Ventures](https://x.com/yup_io/status/1816182305964122253)

### **🪙 NFTfi **
- **Flayer **rolled out [Base support](https://x.com/FlayerApp/status/1816253075033919866)
- **NFTfi.com** published [a research thread on Pudgy Penguin loans](https://x.com/NFTfi/status/1816407840816509332)

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