Polygon invests in Decentral Games to boost ‘play-to-earn’ games
Play-to-earn is a model for games where players can earn real money or other rewards by playing. Players of Axie Infinity have been earning nonfungible tokens (NFTs), or one-of-a-kind items that they can sell for real money. Folks in places like the rural Philippines are earning a living at three times the minimum wage by playing Axie Infinity.
And that’s just one of the games that has potential in the play-to-earn space, and that’s what Decentral Games is going after. Polygon, meanwhile, has created a full-stack Ethereum scaling solution. That means that it has created its own layer of technology that offloads transactions from Ethereum, as that cryptocurrency platform is slow and expensive and costly when it comes to environmental effects.
Polygon, started in 2017, built a platform that could process the transactions off the blockchain, the transparent and secure digital ledger that powers cryptocurrencies such as Ethereum. It enables transactions to go through much faster, with low costs, and greater reliability. Polygon’s scaling solutions have seen widespread adoption with more than 500 decentralized apps (Dapps), more than $500 million in transactions, and six million daily transactions.