New videogame and NFT ecosystem launches on Polygon

Polygon, the second-layer solution for the Ethereum network, has launched a new initiative aimed at videogame developers and non-Fungible Token artists.

Already a market-leading platform for blockchain gaming, the project aims to continue Polygon’s growth and help meet its ambition of becoming a ‘hotbed of digital culture’.

This comes amid news that Polygon has successfully integrated with MoonPay, in an effort to break down the barriers to entry for MATIC (Polygon’s PoS chain) users on all payment methods from digital wallets, to traditional credit and debit cards.

Polygon Studios are moving rapidly, with the team working to build extensive partnerships and boasting more than 100,000 blockchain gamers on the platform.

The famous video game company Atari have already teamed up with MATIC, and Decentraland – the virtual real estate-based game – already utilise Polygon’s ecosystem.

NFT marketplace giant opensea.io has also started using Polygon studios as the basis for its platform, indicating that the NFT community is firmly in Polygon’s sights.

While few details have so far been revealed about the new studio, Polygon’s team have hinted the product span web 2.0 and web 3.0, with the goal of being the preeminent platform for blockchain creatives determined to protect their intellectual property.

Speculated features include a functional toolbox for game and NFT designers alike, and an innovative launch platform aimed at helping blockchain games and art meet new digital audiences.

Perhaps most exciting for users, is the news that they will be integrating an earn-as-you-play mechanism that will reward players for game time!

What is Polygon (MATIC)?

With surging popularity following investment from Billionaire Mark CubanPolygon (MATIC) can be described as a second-layer Ethereum protocol that aims “to create, issue, and manage digital securities on the blockchain”.

The project strives to be an affordable scalability solution for the Ethereum network that has been marred with high gas fees, and slowing transactional rates as it strains under its recent success.

Polygon uses a Proof-of-Stake (PoS) blockchain, which allows for much more efficient and energy-saving transactional processing on the Ethereum network.

Cuban mentioned that he is an active user of Polygon, saying “It is fast; it works well, and most importantly, their user base is growing exponentially.”

Recent integrations with leading Ethereum-based DeFi solutions Aave, Curve SushiSwap have seen MATIC unlock rapid growth.

More crypto news and information

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As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Published By : Yahoo!Finance

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