The Polygon Network, which is a scaling option for Ethereum, has caught the attention of Web3 investors who want to scale with the largest smart contract community. The total value locked (TVL) of the network is almost $1.04 billion. Recently, there have been a lot of new projects on the Polygon network. These include decentralized loan systems, NFT markets, and DeFi projects.
Several big projects, like AAVE, Quickswap, Balancer V2, Uniswap V3, and Curve Finance, have chosen Polygon as the way to get a flexible Web3 experience. Also, the Proof of Stake (PoS) tool of the network has made it possible to stake more than 3.59 billion MATIC coins, which is a big chunk of the 10 billion coins that are available.
According to a recent statement, FLASK, a technology business traded on KOSDAQ that focuses on GameFi services, has teamed up with Polygon to bring its user-engagement-focused GameFi NAODA platform to a larger audience in the Web3 arena. FLASK wants to add NAODA to the Polygon store chain so that the whole game experience will be better.
The company has also said that it plans to add its top real-time strategy and first-person shooter games, which were made by both its own company and its partners, to the NAODA platform of Polygon in the second half of this year.
Since its test start on April 7, NAODA has already done a lot of great things. Over the course of ten days, the users did their jobs well and made more than 6,200 Soulbound pieces. The Proof-of-Participation (POP) method of the service uses these codes as IDs. POPs are digital badges that give people entry to games and events in their communities. There are also different rewards that can be exchanged for tokens that can be bought on the NAODA NFT Market.
We are thrilled to announce our integration with @0xPolygonLabs to build a scalable, secure and sustainable #web3gaming ecosystem.
With Polygon's powerful suite of solutions, NAODA will deliver a seamless experience for our gamers and voyagers. #PoweredbyPolygon @PolygonGaming pic.twitter.com/YPzqWKru4x
— NAODA (@naodaxyz) April 19, 2023
The CEO of FLASK, Lee Byung-Jae, was excited about working with Polygon’s Web 3.0 environment. He said that the relationship is based on the shared belief that games could help bring blockchain technology to a wider audience. Our company plans to keep making competition and platforming games and to work closely with the Polygon team to add their latest improvements.
$MATIC is back under $1. Let's take a look at the on-chain activity: 32.56k addresses purchased MATIC at an average price of $0.918. This suggests that if prices return to those levels, investor interest may pick up once again. #MATIC #Polygon pic.twitter.com/E66AJ9i0U6
— IntoTheBlock (@intotheblock) April 24, 2023
Because FLASK has put a lot of money into the Web3 sector, it has been chosen as the main sponsor of Consensus 2023. From April 26 to 28, this event will take place in Austin, Texas. The statement did not have a good effect on the price of Polygon (MATIC) right away. According to the most recent market data, Polygon (MATIC) was worth about $1 on Monday, which was 1.6% less than the day before. Even though its value has dropped by more than 65% from its peak of about $2.92, Polygon (MATIC) has grown by about 31% so far this year.
Both small investors and billionaires are optimistic about Polygon’s (MATIC) growth possibilities in the future. According to a report from the market data tool intotheblock, more than 32,000 addresses bought MATIC for an average of $0.91. This suggests that the supply of the coin could grow.
