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Blockchain

Polygon NFT On-chain Data by 3 Separate Sources Shows Different Data

By Jeff Horseman

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Jeff Horseman
Jeff Horseman
Jeff Horseman got into journalism because he liked to write and stunk at math. He grew up in Vermont and he honed his interviewing skills as a supermarket cashier by asking Bernie Sanders “Paper or plastic?” After graduating from Syracuse University in 1999, Jeff began his journalistic odyssey at The Watertown Daily Times in upstate New York, where he impressed then-U.S. Senate candidate Hillary Clinton so much she called him “John” at the end of an interview. From there, he went to Annapolis, Maryland, where he covered city, county and state government at The Capital newspaper. Today, Jeff writes about anything and everything. Along the way, Jeff has covered wildfires, a tropical storm, 9/11 and the Dec. 2 terror attack in San Bernardino. If you have a question or story idea about politics or the inner workings of government, please let Jeff know. He’ll do his best to answer, even if it involves a little math.
  • Trading volume in the NFT market is at a low not seen since November of 2021.
  • CryptoSlam, OpenSea, and PolygonScan were named as the 3 sources.

The cryptocurrency market has been trading in the red, with a sharp decrease for almost all cryptocurrencies. Not even Polygon (MATIC) could buck the market’s downward momentum. According to CMC, MATIC lost 15% of its value in the previous week. Trading volume in the NFT market is also at a low not seen since November of 2021.

The fact that Polygon is low-cost and highly efficient, has made it a go-to for NFT minting. Some inconsistencies in the present state of on-chain NFT data on Polygon were recently brought to light by the head of Growth at Polygon Labs, who goes by the Twitter name Sanket.Polygon.

Waiting For a Viable Solution

According to the tweet, three separate sources provide different things of the same on-chain data. Metadata for NFTs may be stored in a variety of ways, but on-chain storage is the most reliable and long-term option.

CryptoSlam, OpenSea, and PolygonScan were named as the 3 sources. The first is a Mark Cuban-backed NFT data aggregator, and the other two are also respected players in the field.

A number of users offered suggestions for improving the situation, with one proposing using open, on-chain auditable data from Dune Analytics to monitor the whole @0xPolygon NFT market and determine where gaps may exist.

Although @SeaLaunch_ claimed that the dashboard only displays select markets due to incomplete decoding of data, the intended result is to display the whole Polygon NFT ecosystem. However, Sanket is yet to respond to the solutions mentioned so far.

On the other hand, the Mainnet Beta release of Polygon zkEVM was announced today by Polygon Labs. Anyone is free to trade on and develop using the Polygon zkEVM Mainnet Beta. Additionally, as of right now, Polygon zkEVM is 100% open-source. This is a watershed moment for Polygon, Ethereum, and the whole Web3.

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