Polygon Launches NFT Gaming Studio
Share this article
The popular Ethereum scaling solution Polygon has announced the launch of a gaming and NFT studio called Polygon Studios. The initiative is aiming to strengthen the network’s fast-growing ecosystem.
Polygon Eyes Gaming Space
The market for crypto gaming is growing rapidly.
In a Monday press release, Polygon announced the launch of a new gaming and NFT studio to bring more development to the network. The launch will provide support and infrastructure for blockchain game builders with the aim of attracting artists and investors to the network’s NFT ecosystem.
As part of the announcement, the team stated that the new gaming studio would involve providing developers and teams with assistance in creating blockchain-enabled gaming experiences through access to infrastructure, SDKs, investment, marketing, technology, and community support.
The Polygon network has established itself as Ethereum’s current leading scaling solution due to its fast, inexpensive transactions. Currently, the network receives most of its traffic from DeFi applications, with many smaller-scale investors taking advantage of Polygon’s low transaction fees.
Additionally, Polygon has already attracted many blockchain game developers. In January, the NFT trading game Aavegotchi announced the project would no longer launch on Ethereum mainnet due to high gas fees. Instead, the game chose to launch on Polygon, showcasing the network’s potential to attract high-profile projects. Since then, other prominent blockchain games such as ZED RUN and SkyWeaver have also moved onto the network.
The high transaction fees on Ethereum mainnet have been an obstacle for many gaming projects. Axie Infinity, which recently hit 350,000 daily active users, switched to a custom-built sidechain earlier this year to reduce fees and make transaction confirmations faster. With low fees and fast transactions essential for a seamless gaming experience, Polygon is well-positioned to capitalize on the crypto gaming craze with its new studio.
Disclosure: At the time of writing, the author of this feature owned BTC and ETH.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Matic Attracts NFT Collectible Game Aavegotchi
Aavegotchi has decided to go live on Matic rather than Ethereum due to the latter’s high fees, according to a recent tweet from the project. Trading Game Chooses Matic Aavegotchi…
Axie Infinity Taps Ubisoft, Binance to Back New Ethereum Sidechain
Axie Infinity, the most popular game on Ethereum, has announced the launch of a new gaming blockchain. To usher in the launch, the project has elected Binance and gaming giant…
Axie Infinity, Decentraland Soar as NFT Space Recovers
Axie Infinity’s AXS token is up 31% in the last 24 hours, with Decentraland’s MANA token up 18%. Axie Infinity, Decentraland Soaring NFT tokens are riding a bullish wave. Axie…
How to Trade Using the Inverse Head and Shoulders Pattern
In stock or cryptocurrency trading, you may have heard of the term “inverse head and shoulders.” Also known as the “head and shoulders bottom” formation, the inverse head and shoulders chart pattern can…