Wrapped ETH (WETH) is the native cryptocurrency on Nifty Underground and is transacted on the Polygon side-chain. WETH is used to purchase NFTs from music artists.

Nifty Underground uses Polygon (an Ethereum side-chain) to allow music artists to create eco-friendly NFTs at a significantly cheaper cost compared to creating NFTs on Ethereum. NFTs on Polygon also allow for significantly less transaction costs for collectors buying, selling, and transferring Nifty Underground NFTs. Which brings us to MATIC...

MATIC is used to pay for gas fees (transaction fees to use the blockchain) on Nifty Underground. Gas fees are incurred during minting and purchasing. Because we're using Polygon, these fees are fairly minimal so you will only need tiny bit to mint and purchase. We are currently building a system to automatically pay for everyones gas fees on the platform.