Polygon was founded as a platform that could offer scaling tools and infrastructure for Ethereum. However, the project soon expanded its plans to create an Internet of blockchains for this growing industry to enhance interoperability—the line of partnerships and integrations with some of the well-known names in the industry, like Li.Finance and Everest have put the project at the center of the map.
To its credit, Polygon Studios, the gaming and NFT wing of Polygon, landed a new partnership with Megaverse. This metaverse project entered the Polygon ecosystem with a significant investment. Mega verse will now build its platform on the blockchain ecosystem, marking Polygon’s venture into the metaverse concept. The new developments are expected to welcome new users to the ecosystem, with much of the focus going into making the interface user-centric.
Reportedly, more than half of earth’s entire population has access to social media. Even social media giants like Facebook have overtly expressed their ideas to explore the possibilities of the metaverse. On the other hand, the developments in blockchain technology have remained exclusive to a closed circle, and the market is still facing hurdles to reach the general public. The integration of Megaverse intends to create a simpler gateway for social media users to access the benefits of both the metaverse and blockchain technology.
This small step is expected to acquire at least as many as 10 million of the 4.5 billion current social media users. Megaverse’s virtual geography is made of landparcels. A staggering 210,000 land parcels are currently representing the top 20 cryptocurrencies in the market. These crypto projects have their unique islands in the Megaverse, which can be bought and developed to suit the needs of the users. These landparcels can be used for developing virtual business infrastructures, which could represent real-world shops, showrooms, or stores. Furthermore, these landparcels also help with building infrastructures for virtual gatherings, gaming hubs, and other spaces for socializing with new people.
According to the announcement, there are also talks about building a Mega DAO on Polygon. MEgaFI is another exciting project that brings NFTs, swaps, farms, staking, and liquidity pools in a single environment. This project will also be the launchpad for the upcoming gaming, NFT, and metaverse projects from Megaverse on Polygon.
The creation and sale of NFTs will help users earn MEGA tokens in this new metaverse project. The Megaverse ecosystem will contain every tool necessary for the creation of NFTs built within the system. To honor this partnership, Megaverse will have the MATIC island as one of the founding lands in the metaverse. This new announcement shows that Polygon is on the right track with realizing its dream of becoming the Internet of Blockchains.