Blockchain News

Immutable and Polygon Labs Partner to Create the New Home for Web3 Gaming

Immutable and Polygon Labs Partner to Create the New Home for Web3 Gaming

Leading gaming platform and leading blockchain protocol join forces to create the new home for gaming innovation

Immutable, the leading web3 gaming platform, and Polygon Labs, a development and growth team for top Ethereum scaling blockchain protocol, Polygon, announce a strategic alliance aimed at accelerating the development and adoption of web3 gaming. Together, games building on Immutable and Polygon received close to $2 billion in investor funding in 2022, making this a partnership that is widely expected to have a significant positive impact on the multi-billion dollar gaming landscape.

As part of the industry-defining alliance, Immutable will power their best-in-class platform products with Polygon’s groundbreaking zero-knowledge technology to accelerate digital ownership for gamers worldwide. This alliance simplifies decision-making for game studios and developers, and provides a smart, safe choice for business leaders that accelerates time-to-market and gives them access to an ecosystem that will be one of the largest and most liquid for end users.

Latest Fintech News: Co-lending Partnership Between Axis Bank And Autotrac Finance Limited Through Yubi

Still in its infancy, web3 gaming has been held back by a dearth of high-quality games and a lack of scalable, enterprise-grade platform tooling. The collaboration will make it easier for studios and developers to build high-quality games that support true asset ownership. At the core of this new relationship is the Immutable zkEVM, a new EVM-compatible zk-rollup powered by Polygon technology and with full Immutable platform support. Building on Immutable zkEVM with the Immutable Platform will make developing web3-enabled games faster, easier and less risky for large game studios and independent developers alike.

Widely touted as the holy grail of Ethereum scaling, Polygon’s zkEVM technology significantly lowers transaction processing times and fees, all the while remaining fully compatible with Ethereum and retaining its robust security model.

“By combining the #1 web3 gaming platform – currently serving hundreds of game studios and millions of players – with Polygon’s best-in-class zkEVM technology, we are building an Ethereum-centric gaming ecosystem that is poised to take web3 mainstream and bring digital ownership to millions of people around the world,” said Robbie Ferguson, Immutable President and Co-Founder. “Billions of dollars of skins are sold each year with no rights for players – we’re changing that so players are in control, and ownership is the expectation.”

Latest Fintech News: Gate.io Introduces Spot Block Trading Service For Financial Institutions And HNWI

Immutable and Polygon have both enjoyed significant growth over the last two years, driven in part by their close ties to the Ethereum community. Polygon Labs, a development and growth team for the decentralized Polygon protocol, in less than two years has built one of the world’s largest ecosystems for web3 gaming dApps, working with legendary studios and publishers like Square Enix, Neowiz, Midnight Society, Plai Labs, and Tilting Point, as well as esports teams and streamers like Cloud9 and Dr Disrespect. Polygon has experienced an enormous increase in usage with a 94% increase in activity from 2021 to 2022.

“Partnering with Immutable is a monumental step forward in our mission to empower developers and enable users to truly own their in-game assets. By leveraging Immutable’s top world-class gaming platform, game development becomes seamless, allowing for the creation of rich and unique gaming experiences” said Ryan Wyatt, President of Polygon Labs.

Well-known for being the first zk-rollup for NFTs on Ethereum, Immutable has experienced massive growth, with more than 140 new titles building on the existing platform, including the much anticipated Illuvium, brands such as GameStop, DC Comics, TikTok, Marvel, Warner Bros Discovery Sports, and IP from Disney and Star Wars through Ecomi. Last month it partnered with gaming giant Unity to provide millions of game developers seamless access to web3 gaming.

Latest Fintech News: Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Blockchain Diversity Leader Scores Landmark Legal Precedent for NFTs

Fintech News Desk

My Algo Releases New Algorand Wallet with Multisig Support

Fintech News Desk

Nowlake Technology, LLC Announces $15M CAD Strategic Investment with Axis Auto Finance Inc.

Fintech News Desk
1