As you have heard, two good heads are always better than one. The LABS group has taken a step towards success by implementing a smart contract on the Polygon network.
The LABS Group is a real estate digitization ecosystem consisting of advisory crowdfunding and security exchanges. Even though digital investments have positive returns and capital growth, the barrier has always been that the penetration in these investments is very high. LABS Group aims to innovate ideas by digitizing real estate and making it easier to connect.
LABS, built on the Ethereum platform, raised concerns regarding high gas tariffs in the network with its increasingly heavy traffic. This complexity creates accessibility barriers and discourages transactions for its users.
Integration of Polygon with LABS Group provides a solution that will assure many users by allowing them to transact with low gas charges. With the implementation of this solution, LABS users can also process transactions faster now. The solution is accomplished by the Ethereum layer two scaling solution on the polygon network. Transactions using a scaling solution require the verification of only polygon validators instead of the Ethereum blockchain, resulting in more cost-effective and direct transactions. With a low transaction fee and high transaction speed, this new collaboration between the two can certainly affect not only the real estate investment industry but the entire blockchain industry as well.
Additionally, following the partnership, Polygon also kills two birds with one stone as they can gain more exposure and climb to the top of the cryptocurrency market by market capitalization – with developers and other users in the near future due to its high- Using tier services.
This partnership will definitely bring the two companies closer to mainstream and achieve greater success in the industry.
LABS Group is an end-to-end real estate investment platform built on Ethereum. The idea of LABS is very simple, with only $ 100 a user can invest in any luxury resort of their choice. LABS is looking at a property class of activities where it is completely liquid.
LABS has accelerated this digitization process and opens the pool for investors to a wider retail audience. LABS gives all real estate developers a chance to enter this new market, where it is possible that people who have never bought real estate before are buying it. We are making the real estate industry available to everyone including ordinary people.
Polygon Ethereum is the first well-structured, easy-to-use for scaling. It is a modular framework of earlier Matic platforms that effectively transforms Ethereum into a full multi-chain system (aka Internet of Blockchain).
Polygon supports the creation of many applications due to its core component, the Polygon SDK.