BC. GAMEClaim 5BTC Now

Polygon grows with NFT sales and targets blockchain game market

Photo: Reproduction/Binance Academy – Polygon grew by 60% with sales in NFTs in the last month
BC. GAMEBCGAME - The best casino, 5BTC free daily bonus!BC. GAME Free 5BTC Daily Bonus!
Register now

Polygon reached an all-time high last month for the number of non-fungible tokens (NFTs) sold on the Layer 2 protocol, at nearly 2 million. According to Dune Analytics, this marks a increase of almost 60% compared to November, this is the third consecutive monthly increase for the network.

An Ethereum-based scaling solution that seeks to build, distribute and manage titles on blockchain technology, Polygon's ecosystem has seen tremendous growth in the last twelve months, registering more than 3 decentralized applications on its network, in addition to a total blocked value of US$ 3,86 billion.

At the same time, the number of daily unique addresses of the active betting evidence chain on the network also expects a new historical record, with the goal of surpassing the record of 566.516 achieved on the last 2nd of October 2021. Recently, the January 5th data calculated the mark of 554.163.

Last month, Polygon co-founder Sandeep Nailwal revealed to Cointelegraph that the company has found a niche in attract a large proportion of game companies and platforms to build NFTs on your network, as opposed to the collectibles and art often made on Ethereum.

I think Polygon's biggest support comes from gaming companies. […] All of them added to NFT. If you go to the market, talk to any 10 different game teams, they will tell you that six to seven are building at Polygon,” Nailwal commented at the time.

But it's not just the number of Polygon NFT sales that registered a high, that's because Polygon's native token, the MATIC, peaked at $2,92 on Dec. 27 and subsequently dropped to $2,11 by the time this article was finalized, in line with a broader market decline.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Total
0
Shares

Related articles