LABS Group announces a new partnership with Polygon to introduce a full-stack scaling solution
LABS Group is happy to announce a new partnership with Polygon. Polygon, previously known as Matic, is a full-stack scaling solution for the Ethereum network, this means that Polygon can provide the security and stability of the Ethereum network without the high gas fees. The speed of transactions on the Polygon network is much higher than Ethereum, allowing for faster and more efficient transactions. This is achieved by making the transactions fewer data intensive. As the recent ethereum transaction fees have proven, all these features are essential to make LABS Group a more decentralized and community-driven project. Our partnership also exposes the LABS Group to a whole new community of Polygon users, which has about 75000 active users.
Polygon also offers a solution to quickly build a completely unique and independent blockchain that is natively compatible with polygon and ethereum networks. LABS Group has currently deployed smart contracts on Polygon as we look to offer our investors and clients a way to run ethereum transactions in a faster, more scalable way.
What is LABS Group
LABS Group is the first end-to-end Real Estate focused investment ecosystem that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.
The real estate market as a whole is estimated to have more value than shares, stocks, and bonds combined together. The only problem with the real estate market is that it lacks liquidity. LABS Group has set a target to tokenize the real estate properties around the world and allow investors from all over the world to trade it without tedious paperwork by trading LABS Utility tokens.
Source:
- https://cointelegraph.com/news/polygon-active-users-grow-by-75-000-as-defi-boom-continues/
- https://bitpushnews.medium.com/optimistic-ethereum-versus-polygon-which-will-scale-ethereum-better-ba9f366ae448
About LABS
LABS is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.
LABS platform uses blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.
Real estate and blockchain professionals have brought together their expertise to devise an ecosystem of services that make property investment more accessible, more secure, and more liquid.
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