Polygon has reportedly created Polygon Studios to strengthen its foothold as a ‘play-to-earn’ gaming and NFTs platform. The vision is to build a bridge between the current internet and web 3.0. Reportedly, Polygon Studios will soon knock on the doors of artists, creators, builders, and investors in the NFTs. They are likely to become the one-stop destination for the brands looking for a decentralization platform for the world of web 3.0. The announcement was made on Twitter:
1/ 🔥 Presenting Polygon Studios: @0xPolygon's brand new arm for Blockchain Gaming & NFT ecosystem. This will cement Polygon’s existing lead position as the de-facto platform for NFTs & Gaming!
We aim to serve as a bridge between Web2.0 & Web3.0 world.
— Polygon Studios (@_PolygonStudios) July 19, 2021
Polygon has to date, served about 100,000 gamers. Some of the popular games by Polygon are Ember Sword, Cometh, The Sandbox, F1 Delta Time, 0xUniverse, and Aavegotchi. Play-to-earn gaming by Axie Infinity is building a new path for itself in the mainstream. Additionally, various DeFi products are incorporated to increase the gaming experience of Cometh, My Defi Pet, and CryptoBlades. Polygon is looking to double the pay-to-earn gaming as this is speculated as the next thing in the blockchain industry.
Polygon Reports Higher Usability
If we look at the Polygon price movement chart, six months ago, the coin was not on the radar to become the top ten cryptocurrencies. However, the coin drastically improved and is currently at a decent place. As per the DappRadar report, Polygon has exceeded Ethereum in the period after the first quarter. It is presently the most actively used wallet in the world.
In June 2021, the coin was recorded with 73,000 active wallets that can spike almost 13,000% than the previous year. As per the reports, most activities happening in the Polygon is due to Decentralized Finance (DeFi). The traders had a total value locked of about $4 Billion in the Polygon ecosystem. Despite it being more about financial products, it is yet very relevant for gaming blockchain as well.