Only a day after two decentralized finance powerhouses introduced layer-two integrations through the Polygon sidechain, a significant nonfungible token and gaming title has at the moment 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 80th ranked token by marketcap and has risen 3750% on the 12 months to $1.01, per Coingecko.
That is simply step one in what can 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 mixing may even make all transactions fully free for customers. Whereas Polygon usually expenses a transaction payment priced at fractions of a cent, Decentraland mentioned that they may 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 mixing will permit customers to buy MANA tokens immediately with credit score and debit playing cards through a Polygon integration with crypto on/offramp Transak.
The migration is yet one more win for Polygon in a multi-horse race to supply 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 specific benefit of competitors falling asleep on the wheel, resembling 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 underneath every week. There may very well be extra competitors coming within the scaling wars, nevertheless, as last week Starkware raised $75 million.