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Polygon dives into the realm of games and art with the new NFT game studio
- Scaling solution, Polygon (Matic) conducted an in-depth study of the lucrative NFT metaverse industry to increase its attractiveness and the existence of cryptocurrencies.
- Avegoc, ZED RUN and SkyWeaver chose Polygon instead of the Ethereum mainnet and other blockchains to launch their game solutions.
- The rise NFT In the new market decline, art and game solutions may change the rules of the game in the cryptocurrency market.
- Experts praised Polygon’s move as a step in the right direction to increase its usefulness and unite its community.
The popular layer 2 scaling solution, Polygon has been in the news this year because it provides a utility for Ethereum due to the delayed launch of ETH 2.0. Due to the congestion of the Ethereum mainnet, Polygon, officially named Matic, was renamed to be more scalable, safer, and cheaper.
The company is now backed by billionaire Mark Cuban, hoping to expand into new areas, and has now turned to the lucrative NFT gaming business. NFT is very popular overall, especially in the first quarter of 2021. Despite the poor performance in the second quarter, Polygon plans to work with developers to change the rules of the game.
Polygon launches Polygon Studios
Polygon recently announced that it has launched its NFT game studio Polygon Studios, which will become the preferred destination for top developers to take blockchain games to the next level.
Polygon is an innovative company that hopes to become the leading platform for Web 3 games and is closing the gap between Web 2 and 3 games for its more than 100,000 gamers.
Polygon Studios was founded as a result of the game appeal that Polygon gained this year.
Polygon has more than 100,000 gamers and multiple web 3 game solutions, including Aavegotchi, ZED RUN, SkyWeaver, etc. Due to the high speed of the network, Polygon will become a leading gaming destination.
The rise of NFT games
From traditional video game models to blockchain games, games always lock people inside. Crypto games are flourishing because of the technical and economic incentives behind them.
CryptoKitties paved the way for the modern development of games, gained huge traction on the Ethereum blockchain and blocked it in the process.
User playing games is a way to get entertainment and make money through the decentralized nature of blockchain games. Users can buy rare NFTs, and they sell these NFTs in the native token of the blockchain and convert them into legal tender.
Sandbox and Decentraland are the leading platforms, and large investors in Silicon Valley want to buy NFT land and increase user engagement.
on the other hand
- Started Ethereum 2.0It is expected to be launched in 2022 and will reduce the growth of Polygon Studios.
- Cardano Due to the advantage of the first mover, the NFT market will greatly stifle Polygon’s NFT market.
What does this mean for polygons?
The cryptocurrency market has just entered another decline, with more than $90 billion disappeared from the market, falling below the $30,000 mark.
Cryptocurrencies and tokens are currently oscillating, and a new energy is needed to overcome the difficulties. Polygon Studios may be a new source of energy for crypto circles, especially when combined with the utilities already established by Polygon as a scalable solution.
The NFT market will also work with game studios to sell collectibles. The overall market value of NFT this year reached 22 billion U.S. dollars, and with the emergence of digital collectibles from new fields, it is still booming.
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