Finay is committed to a sustainable future, and that’s why we’ve chosen to operate on the Polygon blockchain, a significantly more eco-friendly alternative compared to many traditional NFT platforms. Here’s why this choice matters for the environment—and for you:

Why Polygon Makes Finay Environmentally Superior

Unlike Ethereum, which is still commonly used by major NFT platforms like OpenSea, Polygon operates with a fraction of the energy consumption. Ethereum’s high energy demands are due to its Proof-of-Work (PoW) consensus model, which requires substantial computing power to process transactions. In contrast, Polygon leverages a more efficient Proof-of-Stake (PoS) model, drastically reducing its environmental footprint.

• Polygon’s Low Energy Consumption: Polygon’s PoS network uses up to 99.9% less energy than Ethereum’s traditional PoW model. For context, each transaction on Ethereum can consume as much energy as an average household uses in a day. In comparison, Polygon’s model uses only a fraction of that, making each transaction incredibly energy-efficient.

• Finay’s Commitment to a Greener Future: By choosing Polygon, Finay is leading the way in offering a more sustainable platform for artists and fans. Each interaction, from buying to reselling media, requires significantly less energy, allowing us to reduce our carbon footprint—and yours—with every transaction.

Environmental Impact Compared to Other Marketplaces

For marketplaces operating solely on Ethereum, like OpenSea, the environmental cost is considerable. High transaction fees, known as “gas fees,” on Ethereum are partly due to its energy-intensive PoW model. Not only does Polygon’s PoS model make Finay more affordable for users by reducing these fees, but it also aligns with a greener, more responsible approach to blockchain technology.

Choosing Finay means supporting a platform that actively reduces its environmental impact, ensuring that the power of blockchain doesn’t come at the planet’s expense. Together, we’re making music, community, and innovation sustainable.