The NFT gaming market is not a brand-new phenomenon that appeared overnight. We must not, however, underestimate this industry's potential. The mainstream success of NFTs and their unexpected rapid popularity propelled NFT games into the spotlight. Particularly NFT games attracted notice and were regularly spoken about in conversation.
The term Polygon distinguishes out among a range of NFT Gaming systems because of its speed, affordability, and scalability.
Learn more about the potential of top Polygon-based NFT games.
NFT games are identical to classic video games. In older video games, players can earn things and cash by progressing through levels or winning battles. Unfortunately, the players do not have access to these rewards outside of the game; they remain inside it. Different from the video games that you played, NFT Games offer opportunities for its gamers with rewards in digital assets such as crypto or NFTs.
Now, any player may access the goods and things from video games. Formerly, getting some things required significant gaming skills or money. NFTs, however, may only be possessed by one player at a time. The legitimacy of an element may be recognized as unique using the blockchain technology, which is the foundation for the development of video game NFTs. And NFT video games are built on this. Inside a game, players may make money by selling special items on markets.
What is Polygon?
The team who created Polygon in 2017 did so with the intention of overcoming Ethereum's restriction. It utilizes the same blockchain technology as Ethereum, which was the first to enable NFT applications. Nevertheless, Polygon and other blockchains attempt to overcome some of Ethereum's drawbacks.
Why do many NFT games choose Polygon over others?
Initially concentrating on developing DeFi applications like decentralized exchanges, Polygon has subsequently created Polygon Studios and has broadened its attention to include the game industry. In order to achieve their ambitious objective of bringing on the first billion users, this transition underscores their desire to solidify their position as the go-to platform for NFTs and Web3 gaming.
While the Polygon DeFi environment has been busy and expanding over the last year, active wallets in the Gaming category have typically outperform DeFi, indicating a higher level of interest and participation in the gaming industry.
Polygon has been used for a growing number of blockchain gaming applications due to its scalability and cheap network costs.
To see if a blockchain network is good for developers, especially in the gaming industry, the transaction speed is one of the first components to be considered. In terms of performance, Polygon has lately been processing 2-3 times as many transactions than Ethereum. Indeed, Polygon outperformed Ethereum in terms of speed. At 65,000 transactions per second, it has the highest transaction speed since it offers a hybrid environment. This ensures a quicker and more seamless procedure that improves consumers' interaction with the site.
With its significantly quicker processing speed, Polygon also provides customers with low transaction costs, user-friendly, and adaptable developer tools. Transaction costs and petrol prices are significantly cheaper in Polygon. On average, Polygon costs 70–200 times less per day for gas than Ethereum. This is partly attributable to the network's Proof of Stake consensus process, which lowers network expenses and energy use. Layer 2 scaling solutions from Polygon are also available, allowing for speedy and affordable transactions.
Polygon is one of the top options for developers and investors looking for an Ethereum scaling solution. Layer 2 blockchain Polygon, formerly known as Matic Network, is based on Ethereum and seeks to operate as the Internet of Blockchains for Ethereum (like Cosmos and Polkadot), offering child chains for transactions to lighten the strain on the Ethereum parent chain. With the redesign, Polygon's mission was changed to focus solely on scaling Ethereum.
Polygon continues to push the boundaries of scalability with $1 billion set aside for the development of its unique zkEVM technology, intending to further cut network costs by 90% and boost throughput while retaining Ethereum's degree of security.