How Polkamarkets Leverages thirdweb to Scale Prediction Markets and Boost User Adoption

100,000+

Transactions processed in 4 months

10,000+

Users engaged in a single prediction market event

80%

Accuracy rate achieved in prediction outcomes

Polkamarkets is a cutting-edge platform that has been at the forefront of prediction markets for nearly four years. As a leader in their industry, Polkamarkets faced the challenge of scaling their platform to accommodate a growing user base while maintaining a seamless and accessible experience for both crypto-savvy and mainstream users.

To overcome these hurdles, Polkamarkets turned to thirdweb's robust infrastructure and innovative solutions. By leveraging thirdweb's technology, Polkamarkets was able to significantly enhance their user onboarding process, scale their transaction capabilities, and expand their reach to a broader audience.

"thirdweb has been instrumental in helping us achieve our vision of making prediction markets accessible to everyone," says a Polkamarkets representative. "The reliability and scalability of their infrastructure have been crucial to our growth."

How does Polkamarkets use thirdweb to enhance their platform?

Polkamarkets utilizes thirdweb's technology in several key areas:

• Scalable Transaction Infrastructure: thirdweb's Bundler and RPC has enabled Polkamarkets to process a high volume of transactions efficiently. In just four months, they've handled over 100,000 transactions, demonstrating the robustness of the system.
• Cost-Effective Operations: The switch to thirdweb has resulted in substantial cost savings for Polkamarkets, allowing them to allocate resources more effectively and focus on platform development and user experience.

"The pricing and scalability offered by thirdweb have been game-changers for us," the Polkamarkets team notes. "It's allowed us to reach transaction volumes that would have been financially unfeasible with our previous solution."

How has thirdweb impacted Polkamarkets' user engagement?

The integration of thirdweb's technology has had a significant impact on Polkamarkets' user engagement:

• Increased User Participation: In a recent project with a media company, Polkamarkets saw over 10,000 users making predictions on Portuguese elections, a level of engagement that would have been unattainable without the streamlined onboarding process enabled by thirdweb.
• Improved Prediction Accuracy: The platform has achieved an impressive 80% accuracy rate in prediction outcomes, showcasing the power of collective intelligence facilitated by their enhanced infrastructure.
• Expanded Market Reach: By reducing entry barriers, Polkamarkets has been able to tap into new markets and demographics, broadening their user base beyond traditional crypto enthusiasts.

"thirdweb's solutions have allowed us to create a more inclusive platform," says the Polkamarkets team. "We're now able to engage users who might have been intimidated by traditional crypto onboarding processes."

What does the future hold for Polkamarkets?

Looking ahead, Polkamarkets is excited about the possibilities that their partnership with thirdweb opens up:

• Further Platform Enhancements: The team is exploring additional thirdweb features, such as Engine, to further optimize their platform and introduce new functionalities.
• Expansion into New Markets: With the scalability provided by thirdweb, Polkamarkets is poised to enter new geographical markets and industry verticals.
• Continued Focus on User Experience: Leveraging thirdweb's infrastructure, Polkamarkets plans to further refine their user interface and experience, making prediction markets even more accessible to the general public.

"We're just scratching the surface of what's possible with thirdweb," the team enthuses. "The future of prediction markets is bright, and we're excited to be at the forefront of this revolution."

Conclusion

By embracing thirdweb's innovative solutions, Polkamarkets has significantly enhanced its platform's capabilities, user engagement, and market reach. The seamless integration of thirdweb's technology has allowed Polkamarkets to focus on what they do best - creating engaging and accurate prediction markets - while leaving the complexities of blockchain infrastructure to the experts.