Polygon (MATIC) delves deeper into blockchain gaming by partnering with GameOn

Karthik Subramanian

Polygon, the Layer 2 scaling solution for Ethereum, has announced a partnership with GameOn Entertainment to build new and different types of NFT games on the network as it seeks to expand into the blockchain gaming and NFT space in a major way.


The NFT and blockchain gaming space are the 2 hottest industries at this time with developers, users as well as investors looking to invest their time and money to develop new games, features, and upgrades as well.

NFTs and Blockchain Gaming

These 2 industries are very tightly mingled with each other as the blockchain games could tap onto the NFT industry for many of the tools that the gamers would be use within them. A multitude of these approaches is what constitutes the metaverse and this is what everyone, including Facebook, in the blockchain and crypto industry seems to be focussed on right now.

Polygon has gone one step ahead and has created a $100 million fund for those projects that are into blockchain gaming and GameOn has been one of the beneficiaries of the fund. The main business for GameOn would be to provide other entertainment companies with white label prediction games, fantasy games as well as NFT-based games which they could then push onto their userbase which will create a win-win situation for all. The fact that this is built on the Polygon network ensures that the fees are kept to a minimum.

Leveraging Polygon

Matt Bailey, GameOn’s CEO, said, “Leveraging Polygon’s technology, GameOn continues to lean into blockchain and NFTs, bringing innovative gamification to the rapidly growing Web3 and metaverse economies. Through resource-driving partnerships and M&A, we’ll continue to double down on being the one-stop-shop for gamification, including NFT-based games.”

Gaming seems to be the next frontier for the blockchain industry and with Facebook also throwing its weight behind the metaverse, the competition is likely to be much more difficult in the coming months as more startups look to enter this space and build out their games and use NFTs to take maximum leverage of the power of the blockchain. Networks like Polygon have realized that and are hence looking to support such businesses as much as possible to remain on top of the changes that are happening in the industry.

Read this next

Institutional FX

Integral also grapple with weak FX volumes in December

Foreign exchange trading volumes dropped in December across Integral’s trading platforms as many traders were away on annual leave and currency markets saw a relatively quiet period. December volumes outpaced those of last year, though turnover is still down month-over-month.

Digital Assets

BitMEX to turn German bank into regulated crypto products powerhouse in Europe

The historic German bank is already a leader in the application of blockchain technology and offers a range of digital assets banking services, including custody, tokenization, efficient payment transactions, and regulatory secure market access.

Industry News

CryptoUK appoints Teana Baker-Taylor as non-executive director

“CryptoUK is moving the needle on policy and regulatory framework development to ultimately build trust and protect all participants, from retail investors to the crypto industry players”

Retail FX

Skilling raises €10m to expand brokerage further after triple-digit growth in 2021

“This fundraising round represents the beginning of the next phase of Skilling’s growth as we further assert ourselves in the fintech industry”

Industry News

oneZero adds two more FX veterans, Indu Maheshwari and Kevin Verardi

The news of Indu and Kevin’s appointments comes a month after Jim Sullivan was announced as the company’s General Counsel, where he will be responsible for the company’s global legal function, based in New York.


Pareto Securities goes live with Broadridge’s OMS for low and high touch agency trading

The solution combines order management, market connectivity and smart order router (SOR) components developed by Itiviti, which was acquired by Broadridge last year in a $2.5 billion deal.

Retail FX

INGOT Brokers taps Acquity and Signal Centre for MT4/5 EAs and news analytics

INGOT Brokers is helping traders cut through the noise and get a clearer picture of the emerging market trends as well as better spot trading opportunities with AI-powered signals.

Digital Assets

Can the Ripple lawsuit be traded with Wrapped XRP to circumvent XRP delisting in US?

wXRP is a derivative product that is pegged to the digital asset that the SEC claims to be a security in what has been dubbed “the cryptocurrency lawsuit of the century”.

Digital Assets

e-CNY wallet downloads swell, but actual usage disappoints

China’s central bank has released a wallet app for payments and money transfers using the digital yuan earlier this month. Although the e-CNY wallet was the most downloaded app in January, but according to a Reuters report the actual use in transactions has been far less impressive.