NFT-optimized Palm Network will become a Polygon ZK Supernets
The Supernets software stack will be used by Palm Network to launch a proof-of-stake sidechain within the Polygon ecosystem while maintaining its Layer 1 blockchain. The Supernets chain will be available next week.
According to Palm Foundation, the expansion to Polygon will take place in two phases. Palm Network plans to develop a proof-of-stake sidechain by August 1st during the first phase. After that, the network will migrate to a Layer 2 chain that uses zero-knowledge rollups, also based on Supernets, and will be implemented the following year.
The network’s goal is to address scalability concerns and better serve its users in the creators and gaming sectors, which has been executed in partnership with Polygon Labs, said the Palm Foundation.
Polygon Supernets
Supernets is a Polygon platform that enables teams to build customized blockchain networks using a software development kit. It was formerly known as Polygon Edge. Palm has joined other initiatives working on Supernets for their blockchains in the Polygon ecosystem, including Immutable, Aavegotchi, and IDEX.
According to Andrea Lerdo, executive director of the Palm Foundation, “The high speed, security, and scalability that Polygon Supernets provide are pivotal as we progress towards becoming a zkEVM multiprover.”
The organization claimed that the transition will improve interoperability with Ethereum and the broader Polygon 2.0 ecosystem, which consists of numerous Layer 2 chains.
The Gary Vaynerchuk-backed Candy Digital and the Ethereum developer Consensys have both used Palm Network to issue digital collectibles.
Edited by Layer 2 Daily