Only a day after two decentralized finance powerhouses introduced layer-two integrations by way of the Polygon sidechain, a significant nonfungible token and gaming title has as we speak adopted swimsuit.
In a blog put up this morning, NFT-powered digital world and online game Decentraland introduced a token bridge enabling customers to maneuver native MANA tokens to Polygon and again. On the time of publication, MANA is the eightieth ranked token by marketcap and has risen 3750% on the 12 months to $1.01, per Coingecko.
That is simply step one in what shall be a considerably bigger migration, because the challenge intends to allow all Decentraland dApps, together with their Builder and Market contracts, to conduct transactions on Polygon.
Along with brisk settlement occasions, the combination will even make all transactions utterly free for customers. Whereas Polygon usually fees a transaction price priced at fractions of a cent, Decentraland stated that they will even be leveraging Biconomy.io meta-transactions. This can allow customers to “declare, purchase, promote, and commerce wearables for his or her avatars fully on Polygon, with no transaction charges.”
Lastly, the combination will enable customers to buy MANA tokens immediately with credit score and debit playing cards by way of a Polygon integration with crypto on/offramp Transak.
The migration is one more win for Polygon in a multi-horse race to offer scalability solutions to Ethereum’s chronic gas costs. Polygon — which rebranded from Matic, a former would-be competitor to Ethereum whose “sidechain” declare is considerably strained — has been taking explicit benefit of competitors falling asleep on the wheel, equivalent to when rollup platform Optimism pushed back their release by three months.
Yesterday, Aave and Zapper both announced Polygon implementations, giving the challenge two top-100 marketcap wins in beneath every week. There might be extra competitors coming within the scaling wars, nevertheless, as last week Starkware raised $75 million.