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Polygon hits new feat in the blockchain gaming industry

TL;DR

  • Polygon touches new high in the gaming industry
  • The blockchain’s UAW surged by 53% in March
  • Polygon has plans to deepen its NFT participation

The rise of user activity on the Ethereum layer-2 scaling solution platform, Polygon, is causing ripples in the blockchain gaming industry. According to a recently published “Blockchain Games Report,” the number of unique active wallets (UAWs) using Polygon increased by 53% in March, reaching 138,081. This surge led to Polygon becoming the second-largest blockchain gaming network, trailing Wax, which boasts 314,000 UAWs, while Hive and BNB Chain had 84,000 and 80,000, respectively.

Polygon’s UAW surged by 53% in March

One significant contributor to this increase was the massively popular Hunters On-Chain game by BoomLand. According to DappRadar data, UAWs for the game increased by over 17,000% in the last 30 days. This Minecraft-style role-playing game was launched in January and leverages nonfungible token (NFT) integrations. On March 9, the game reached a record-high UAW count of approximately 55,300. However, the exact causes of the recent surge in interest are still unclear, although anticipation for an in-game NFT sale on March 31 could have been a contributory factor.

The platform deepens activities in the NFT sector

Apart from gaming, the platform is also becoming a frontrunner in the NFT industry. Recently, Polygon Labs, the team behind the platform, has entered high-profile partnerships with companies like Adidas, Reddit, and Adobe, indicating bullish momentum in the NFT space. The team also launched an open-source Ethereum Virtual Machine equivalent zero-knowledge rollup on March 27, allowing DApps to scale rapidly by unlocking higher performance while reducing gas fees for transactions.

Though on-chain gaming activity decreased by 3.33% in March, according to the report, the entire gaming industry still contributed to 45.6% of the DApp industry activity in Q1 2023. These developments all point to a positive future for Polygon as it solidifies its position in the blockchain gaming realm and beyond.

The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Owotunse Adebayo

Adebayo loves to keep tab of exciting projects in the blockchain space. He is a seasoned writer who has written tons of articles about cryptocurrencies and blockchain.

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