Polygon Has Announced To Collaborate With GameOn Entertainment – A New Revolution On The Way In NFT WorldAuthor NFT Gaming Development, NFT Marketplace, Polygon NFT Gaming Platform Development
The NFT waves are hitting us hard these days. The increased awareness among people is the major pulling factor that is making them go behind NFTs. Understanding the values of NFTs, entrepreneurs are now focusing on establishing their storefront in the crypto sphere. However, NFT gaming platform development is one arena that has been witnessing a huge surge in popularity among people. The news from Polygon erupted a blooming spark among entrepreneurs. They have spilled the beans about the Polygon NFT gaming platform developed in recent days. This has already raised the temperature. Let us see in detail what they have in their pipeline.
A Brief Overview Of Polygon
It is well known that Ethereum is a trendsetter of blockchain technology. Even though it is quite popular among people, it also faces criticism relating to the speed and higher transaction costs. The network and scalability of Ethereum are hindered by its extensive network of its clients. A picture-perfect solution for addressing these issues came in the name of Polygon.
Polygon is a complete multi-chained system that acts both as a framework and protocol. It connects Ethereum-compatible blockchain networks. It is officially built to sort out the issues of scalability that were found in Ethereum. It is a two-layer solution and works on top of Ethereum’s blockchain. The side chains of Polygon clear the main platform in a smart and cost-effective manner. Ethereum charged an extremely high gas fee, and to overcome this; Polygon added an additional layer. This eventually removed the gas fees for the users.
Polygon is known for its contributions to crypto-based platforms for NFTs. It has also been a great investor in investing funds for blockchain-based projects. The major significance of the platform is that it lets users trade NFTs at a much lesser fee. Polygon has also gave a word during the earlier 2021 that it will allocate $100 million for projects collaborating blockchain and gaming.
In recent times, MATIC, the native currency of Polygon, outperformed the other Cryptocurrencies like Ethereum and Bitcoins. It comes with various features like ETH compatibility, scalability, security, sovereignty, interoperability, and modularity.
Points To Take Away From Polygon NFT Gaming Platform Development
In July 2021, Polygon made an announcement that it would put up $100 million for blockchain and gaming ventures. They also made it clear that their new project will bridge the gap between Web 2 and Web 3 gaming. The Polygon game studio aims to help developers create blockchain-enabled games. It will aid the development of custom NFT models and marketplaces.
Polygon understood the growth of the NFT market and decided to focus on the NFT gaming marketplace to set out its venture. Blockchain-based gaming is an essence that has laid the foundation for players to earn their rewards and gaming assets.
Skyrocket your venture with our NFT gaming marketplace!
Polygon And GameOn – A New Collaboration In The NFT World
Polygon, the Ethereum protocol company, has announced that it will be partnering with GameOn entertainment for building new NFT games in Polygon’s scaling platform. According to the deals, Polygon will invest in the GameOn game development costs. GameOn will be one of the recipients of the funds, and Polygon will be funding 50 percent of the product development costs in non-dilutive investments.
On the other hand, GameOn will offer the other companies with white-label prediction games, fantasy games, NFT based games, and adventure-styled games. The partnership will allow GameOn to incorporate NFTs into existing games as well as for building new NFT games.
How Will NFT Games Pave The Way For A Great Future?
Non-fungible tokens have garnered a huge reputation in recent years. This is the period of time where entrepreneurs are marching towards the Crypto sphere. Would you like to make your entry into the NFT games marketplace? Then here are the advantages of an NFT gaming platform,
Ownership – The in-game purchases are one-time, and they are non -transferable investments that remain within the boundaries of a single gaming platform. These NFTs give ownership of the in-game assets to the players. The gamers can save their in-game purchases, sell them to other players, or move them to the supported games.
Interoperability – Unlike other traditional video games, they do function in a centralized network. They are a decentralized network that acts on independent blockchains. The NFTs can be designed to be interoperable across different platforms.
Immutability – When a traditional game gets shut down, the gaming assets and rewards won by the users will go off. But in NFT gaming, they can save them and get them transferred to the other gaming platforms. The NFT gaming assets cannot be duplicated or tampered with because of the blockchain technology embedded in them.
On a Concluding Note,
The NFT trends have spread their wings across the globe. The inspiring story of Polygon NFT marketplace gaming token has no stones left unturned. Contact us right away to get out the best NFT gaming marketplace services.
Reach us now for developing your robust NFT gaming solution!
Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.