DraftKings partners with Zero Hash to earn Polygon staking rewards
DraftKings releases another Web3 initiative, this time teaming up with Zero Hash.
In its most recent collaboration, DraftKings has teamed up with Zero Hash, which supports its bid to become one of the first corporate validators on Polygon.
This new partnership allows the sports and entertainment company to begin staking the digital assets it holds in its treasury. DraftKings will be staking these assets in the blockchain network Polygon.
Zero Hash, the company DraftKings is collaborating with, is a B2B digital assets infrastructure provider. It has also recently developed a suite of staking-as-a-service products that provide complete back-end API infrastructure.
Paul Liberman, DraftKings Co-Founder, said: “Participating in validation supports DraftKings’ broader strategy of building out a robust, sustainable, trustworthy and decentralized infrastructure to help futureproof aspects of our business in the Web3 era,”
Liberman said this about the partnership between DraftKings and Zero Hash: “We cannot accomplish this vision alone, so teaming up with industry luminaries like the team at Zero Hash in addition to Polygon is essential to our blockchain and related efforts moving forward.”
The products offered have the regulatory framework for companies to earn rewards on crypto and fiat holdings in North America. These services allow for B2B2C and B2B use cases while being offered across several blockchain platforms.
Sandeep Nailwal, Polygon Co-Founder, said: “We’re delighted to welcome DraftKings as one of the first corporate validators in our network.”
He went on to say: “As a validator, DraftKings will become an even more active participant in the Polygon ecosystem, playing a critical role in guaranteeing the integrity of the blockchain and securing the network. We are thrilled to have DraftKings as a validator on Polygon.”
This collaboration between DraftKings and Zero Hash is the latest of many Web3 initiatives for DraftKings. The upcoming initiative is an NFT-based game alongside the NFL Players Association.
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