The Polygon project unveiled Polygon Studios, a unit focused on blockchain games and the NFT ecosystem. It will promote targeted products and support developers active in these sectors.
🔥 Presenting Polygon Studios: our brand new arm for the Blockchain Gaming & NFT ecosystem. This will cement Polygon’s existing lead position as the de-facto platform for NFTs & Gaming!@_PolygonStudios aims to bring the Web2.0 world to Web3.0.
🌐 https://t.co/Qzi5ywbljJ https://t.co/MpVdQS46pP
— Polygon (@0xPolygon) July 19, 2021
The project team noted an ‘incredible’ growth in the number of decentralized apps and gamers on the Polygon network. The latter number surpassed 100,000.
According to the announcement, the launch of Polygon Studios will allow the protocol to “strengthen its dominant position as a platform for NFTs and gaming.” The division plans to attract major brands, popular content creators, and investors keen to operate in the space.
3/ 🙌🏼 We’re thrilled to work on this mission to serve as a gateway bridging Web 2.0 and Web 3.0 and we aim to further strengthen our dominant position as the de-facto platform for Decentralized Play to Earn and Blockchain Gaming.
— Polygon Studios (@_PolygonStudios) July 19, 2021
We are excited to work on this mission to become the gateway linking Web 2.0 and Web 3.0,
the developers added.
Monstercat’s managing partner Mark Justra drew attention to the publication. In his words, he wants to collaborate with Polygon to “help fill the metaverse with music.”
I’d love to connect to see how we can help power the metaverse with music 😻🎶
— Juicetra (@Juicetra) July 19, 2021
“That’s exciting! As a gamer with 11 years of experience, who has spent six years making music and almost a year in NFT, I can’t wait to see what we’ll turn this into,” wrote Justra.
The blockchain platform Polygon remains popular among developers and users of dapps, including DeFi. More than 80 DeFi protocols are already operating on this network, due to low fees and faster transaction processing than Ethereum.
According to The Block, the total value locked in Polygon smart contracts (TLV) exceeds $5 billion. For comparison: on Binance Smart Chain, the analogous figure reached $11.9 billion.
As of late June, daily transaction volume on the Polygon network surpassed Binance Smart Chain by 2.38x and Ethereum by 6.59x.
In July, the Coinbase Wallet gained support for Polygon-based dapps.
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