Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. In reality, Polygon’s Ethereum scaling resolution allows it to be a platform engineered for mass adoption.
This creates a world of innovative possibilities. Certainly one of these we’re going to look into is that Polygon has an edge on the earth of Gaming and eSports. In fact, it is projected to swallow up a sizable portion of the market share of these industries, both in the cryptocurrency markets and the legacy gaming and eSports industries.
Polygon Blockchain
Polygon combines one of the best of Ethereum and sovereign blockchains right into a full-fledged multi-chain system.
Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security. This multi-chain system is akin to different ones reminiscent of Polkadot, Cosmos, Avalanche and many others, however with at the very least three main upsides:
– It is able to fully benefit from Ethereum’s network effects
– It’s inherently safer
– It is more open and powerful
By July 2021, Polygon was being utilized by greater than 90 decentralized apps (DApps) and it had greater than seven million transactions and 200,000 customers.
Gaming
A literal second layer on top of Ethereum, Polygon gets the advantage of being compatible with an extremely popular cryptocurrency as well as being able to rely upon the security of Ethereum, which is protected by a broad community of computing sources that can fulfill the blockchain verification tasks.
As this pertains to gaming, greater than 60% of at the moment’s NFT and blockchain-based internet 3.0 video games, together with Decentraland, Sandbox, Somnium Area, and Decentral Video games, have chosen Polygon’s Proof of Stake blockchain as the popular scaling resolution. That means those games can use it to scale up their operations to handle lots of transactions.
Serving as an innovation hub, Polygon extends plug-and-play software program improvement kits (SDKs) for builders reminiscent of Ubisoft, Digital Arts, At-ari, and others, enabling them to combine blockchain attributes into non-blockchain video games. The studio will leverage Polygon’s $100 million treasury fund to provide investment, marketing, technology, and community support.
OkLetsPlay
Based in 2017, OkLetsPlay is a patented, actual cash, eSports event platform for aggressive, and informal PC, cellular and console video video games.
OkLetsPlay was honored to work with the world class team at Polygon after they announced Polygon Studios, which is focused on helping to advance blockchain gaming and non-fungible tokens (NFTs). OkLetsPlay has leveraged the ability of cryptocurrency to carry gamers an revolutionary gaming expertise. They have launched their own cryptocurrency token – the OKLetsPlay token, OKLP, capable of breaking down barriers between players worldwide by allowing them to place bets through a universal currency.
