Nifter™ Begins Cross-Chain Adoption of Polygon to Reduce NFT Minting Costs Over 50%

Rhea-AI Summary

ClickStream Corp. (OTC PINK: CLIS) has announced the integration of Polygon/MATIC into its Nifter™ platform to reduce NFT minting transaction costs. This transition lowers fees significantly, from $0.62 on Ethereum to $0.000358. The BETA launch of Nifter™ is set for November, with Polygon support expected before Q2 2023. This move aligns with major tech companies, aiming to enhance Nifter's capabilities beyond digital art, including event ticketing and royalty tracking, thus broadening revenue streams.

Positive

• Integration of Polygon/MATIC to lower NFT minting costs from $0.62 to $0.000358.
• Enhances Nifter™'s utility, enabling it to act as event tickets and for content royalty tracking, diversifying revenue streams.
• Positioning Nifter™ alongside major tech players may improve market trust and visibility.

Negative

• Nifter™'s initial BETA launch will only support Ethereum, delaying access to Polygon features.

BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- ClickStream Corp. (OTC PINK: CLIS), a technology company focused on developing platforms that disrupt conventional industries, announced today that it has begun the adoption of Polygon/MATIC to lower transaction costs for the minting of NFTs and extending the usefulness beyond just art. Adopting Polygon allows Nifter™ to use NFTs as events tickets, memorabilia trade-ins, content royalty tracking, and other revenue streams that are a part of Nifter's revenue strategy.

In lockstep with "big tech" giants such as Instagram, JP Morgan, and others, Nifter™ choosing Polygon will lower the average transaction costs to $0.000358 (66 Gwei) compared to $0.62 on Ethereum. While Nifter™'s BETA launch this November will only support Ethereum, the implementation of Polygon support will commence before Q2 2023 and will coincide with the launch of larger NFT campaigns that will potentially propel Nifter™ into the mainstream as a trusted platform for the world’s top artists and athletes.

ABOUT CLICKSTREAM CORPORATION

ClickStream is a technology company focused on developing apps and digital platforms that disrupt conventional industries. The company is currently marketing and developing Nifter™, HeyPal, WinQuick, VegasWinners and The LongShot Report respectively.

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221108005687/en/

Investor Inquiries:

Michael Handelman, CFO

ClickStream Corporation

info@clickstream.technology

Source: ClickStream Corporation

FAQ

What is ClickStream Corp. planning with Polygon for Nifter™?

ClickStream Corp. is adopting Polygon/MATIC to lower transaction costs for NFT minting on the Nifter™ platform.

How much will transaction costs drop with the integration of Polygon for Nifter™?

Transaction costs for NFT minting will decrease from $0.62 on Ethereum to $0.000358 with Polygon.

When is the BETA launch of Nifter™ expected?

The BETA launch of Nifter™ is scheduled for November, 2022.

What new functionalities will Nifter™ have after adopting Polygon?

After adopting Polygon, Nifter™ will support NFTs as event tickets, memorabilia trade-ins, and content royalty tracking.

When will Polygon support be fully implemented for Nifter™?

Polygon support for Nifter™ is expected to begin before Q2 2023.