Benzinga | Oct 18, 2021 10:34AM EDT

DraftKings Enters Blockchain Agreement With Polygon

* DraftKings Inc's (NASDAQ:DKNG) digital collectibles ecosystem, DraftKings Marketplace, is partnering with Polygon, an Ethereum-based scaling platform, to support custom NFT drops along with secondary-market transactions.

* The deal provides DraftKings Marketplace with a scalable, eco-friendly blockchain solution that enables added throughput and expanded capabilities.

* With the option of becoming a validator, DraftKings would be able to participate in the consensus protocol for the Polygon blockchain main network to produce blocks and contribute to network security.

* Since its launch, DraftKings Marketplace has hosted Autograph's Preseason Access Collection NFT drops of athletes featuring Tom Brady, Wayne Gretzky, Naomi Osaka, Simone Biles, and Derek Jeter.

* Price Action: DKNG shares are trading higher by 1.41% at $48.76 on the last check Monday.