We all know Polygon (MATIC) by now as a great Layer 2 sidechain. Built on Ethereum, helping to solve Ethereum problems. For example, the notorious low throughput, high gas fees, delayed PoW finality, and more. Now, they are taking on a next step. Gaming in Web 3.0.
Ryan Wyatt, the CEO at Polygon Studios, sees Polygon as the future for gaming on Web 3.0. Before that, he was the head of YouTube gaming. So, let’s take a look at what Polygon can do for gaming in Web 3.0.
Here's why I think @0xPolygon is the future of gaming in web3:
🎮Our team has worked on everything from platforms (Amazon, Unity, YouTube, Google Play) to major studios (EA, Riot Games, Activision; multiple CoD titles) to native web3 (Mythical)
🧬ETH + Polygon is the future. pic.twitter.com/sSpN3DO6pa
— Ryan Wyatt (@Fwiz) May 15, 2022
What Has Polygon Already Achieved in Gaming?
Polygon works in Web 2.0 with Draft Kings, Facebook, and Stripe. There are also a few deals coming up that they can’t disclose yet. They also worked with major studios. For instance, EA, Riot Games, or Activision. Just to name a few.
However, their main focus is looking into the future, and that means Web 3.0. For example, they worked with developers from The Sandbox, Decentraland, and Animoca Brands. These are part of the three biggest metaverses and games currently in the Web 3.0 sphere.
Furthermore, they already worked with MetaMask, OpenSea, and Forte. This shows that they cover all bases. NFTs, gaming, and metaverse projects. That is why Ryan sees Ethereum and Polygon as the future.
Source: Ryan Wyatt on Twitter
What Tools Will Polygon Use to Develop the Gaming Market?
Polygon uses a variety of suites that will help them to develop the gaming market. Let’s have a look at the three main suites they use.
This is their main or public chain. Currently, they already recorded 1.3 billion transactions. On top of that, they have 130 million unique wallets. Add to these an estimated 2.7 million users per month. As a result, this makes them the most proven scaling solution in the Web 3.0 space.
They offer four major advantages.
- Speed—65,000 TPS, and you control your own private keys. Furthermore, Polygon profits from the security that Ethereum offers.
- Scalability—Compatible with all major ERC-20 standards.
- Flexibility—Easy transfers between Polygon and Ethereum. Wallets on the web and your mobile are easy-to-use.
- Cost—Average cost is $0.002 per transaction. That is 10,000x cheaper compared to Ethereum.
This allows developers to build and run their own customizable blockchain. Fit everything to your specific game needs. You can control gas costs and define the validator sets.
The finality of transactions is instant. Block production time is a mere 2 seconds. Cross chain communication gives access to a variety of other chains.
With Polygon ID, developers can verify on-chain credentials without losing privacy. They use zkSNARK technology for this. One of the things this does is to prove access rights, not identity. Polygon ID has advanced on-chain verification available as well.
Source: Polygon ID
We saw in this article that Polygon is ready to take on and build the gaming market. They see the future in Web 3.0 gaming and set up a suite of products to accommodate developers and projects. They already work with the biggest projects in the gaming and metaverse industry. The future for Polygon Studios and its role in the gaming world looks bright.
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