DraftKings Becomes Polygon Validator After NFT Marketplace Clocks $44M in Sales

Zero Hash is providing the technical chops for the sports betting platform to become one of Polygon’s largest governors.

AccessTimeIconMar 7, 2022 at 4:19 p.m. UTC
Updated May 11, 2023 at 7:16 p.m. UTC

Sports betting powerhouse DraftKings (DKNG) is partnering with digital asset startup Zero Hash to become a Polygon validator.

The company announced Monday the collaboration will make DraftKings one of the Ethereum layer 2’s largest governors, following through on a plan that has been in the works since October.

  • Philadelphia 76ers President on Crypto Ad Patch Deal With Crypto.com
    Philadelphia 76ers President on Crypto Ad Patch Deal With Crypto.com
  • European Football NFT Platform Sorare Raises $680M Series B
    European Football NFT Platform Sorare Raises $680M Series B
  • NFL Quarterback Matt Barkley’s Crypto Journey
    NFL Quarterback Matt Barkley’s Crypto Journey
  • Matt Barkley’s Advice for Professional Athletes Entering the Crypto Market
    Matt Barkley’s Advice for Professional Athletes Entering the Crypto Market
  • “Participating in validation supports DraftKings’ broader strategy of building out a robust, sustainable, trustworthy and decentralized infrastructure to help future-proof aspects of our business in the Web 3 era,” Paul Liberman, the company’s global tech and product president, said in a statement.

    DraftKings currently uses Polygon for its non-fungible token (NFT) marketplace, which the company debuted in August in a collaboration with Tom Brady’s Autograph platform, which is also built on Polygon.

    Polygon has become something of a hotbed for sports collectible platforms in pursuit of low-fee, fiat-compatible marketplaces. In addition to Autograph, the blockchain is home to the National Football League’s ticket collectible experiment along with OneOf’s sports marketplace launched in partnership with Sports Illustrated.

    Since its debut, DraftKings’ marketplace has released 116 NFT collections grossing $44 million in sales revenue, according to a representative. The platform’s top sale was a rare Tiger Woods collectible, bought for $70,000 in October.

    Dapper Labs’ NBA Top Shot, by comparison, saw $47.5 million in sales volume in February, which was down 20% from its previous month and 80% from its all-time monthly volume high of $224 million in February 2021.

    DraftKings, valued at nearly $20 billion on the public market, was today downgraded from “buy” to “hold” by investment firm Argus, forecasting a downturn in sports betting revenue for the coming year.

    Zero Hash, the business-to-business service tapped by DraftKings, helps integrate crypto and non-fungible tokens into its clients’ platforms. The company raised a $105 million Series D in January.


    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eli Tan

    Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.

    Read more about