• On February 9, an Indian entertainment and media company, Shemaroo Entertainment announced its partnership with the Polygon network.
• Polygon is a Layer 2 scaling solution for Ethereum, providing fast and low-cost transactions for decentralized applications.

Sure, here is the rewritten article:

Shemaroo Entertainment Partners with Polygon to Launch Bollywood NFT Marketplace

Shemaroo Entertainment, an Indian entertainment and media company, has announced its partnership with Polygon to launch a Bollywood NFT marketplace. The marketplace, called Virtuasy.io, will allow users to buy and sell NFTs of Bollywood content, such as images, movie clips, and 3D metaverse avatars.

Virtasy.io will be powered by Polygon’s scaling platform, which will allow for fast and low-cost transactions. This will make it easier for fans to buy and sell Bollywood NFTs without having to worry about high gas fees.

Shemaroo Entertainment is a leading name in the Indian entertainment industry, with a library of over 12,000 films and TV shows. The company has a large and loyal fan base, which makes it a prime target for NFTs.

The launch of Virtuasy.io is a major step forward for the Bollywood NFT space. It is the first major Bollywood NFT marketplace, and it is likely to attract a lot of interest from fans and collectors.

The partnership between Shemaroo Entertainment and Polygon is also a significant development for the Polygon network. Polygon is a leading Layer 2 scaling solution for Ethereum, and it is becoming increasingly popular for NFT applications. The launch of Virtuasy.io is a sign that Polygon is well-positioned to become a major player in the NFT space.