The Polygon project (MATIC) has been competing with Ethereum (ETH), especially in the field of decentralized finance (DeFi). But obviously, that was no longer enough, so its teams launched a development studio for NFT and gaming on blockchain.
A $100 million project
The teams of Polygon (formerly Matic) have recently announced that they are creating Polygon Studios, a new development branch entirely dedicated to the phenomena of non-fungible tokens (NFT), on the one hand, and video games on blockchain, on the other.
The project puts the means to it, since a fund of 100 million dollars will be granted to the development of these 2 particular domains. The goal is to help developers to transpose their games from Web 2.0 to the decentralized applications technology of Web 3.0.
“We don’t want to be a venture capital type of investment company. That’s not our business (…) But we will incubate some products and teams that want to build projects. We may be able to license them externally and support them. We are here to support the whole ecosystem. We want to add value and bring in the next 100 million users.”Shreyansh Singh, Head of Marketing at Polygon
Polygon and NFT, logical continuity rather than starting point
It must be said that, following the problems of congestion and high transaction fees on Ethereum, Polygon and its second-layer solution have emerged as a very serious alternative. With faster and especially cheaper transactions, many decentralized video game projects have trusted it, such as Decentraland or Sandbox among others.
From now on, Polygon will facilitate the access and use of its software development kits (SDKs) to well-known and reputable video game developers, such as Ubisoft, Electronic Arts or Atari.
Even if Polygon has recently been criticized for its decentralization, the problems raised were quickly solved. Today, with Polygon Studios, the project is moving up a gear and showing how it intends to become a major player, both for DeFi and for NFT and gaming 3.0.