Polygon has launched a gaming division and a $100 million fund for blockchain projects

Polygon has gained fame as an Ethereum scaling platform. Now the company has decided to support blockchain games. To do this, she opened a gaming division and established a special fund for developers in the amount of $ 100 million.The opening of Polygon Studios became known on July 19.

The division will develop games based on NFT and blockchain. According to the company, it will serve as a “bridge between the eras of Web 2.0 and Web 3.0.”

Now there are already over 100 thousand players and more than 500 decentralized applications on the Polygon platform. The company notes that its blockchain scaling services are used by over 60% of crypto games on the market — including Decentraland, Sandbox, Skyweaver and Somnium Space.

With the help of the new initiative, Polygon intends to become the leader of decentralized gaming, which is based on the play-to-earn model (play to earn). The company also wants to attract investors and owners of large IP interested in the NFT ecosystem.

Finally, Polygon Studios will help develop and launch blockchain games. For this purpose, a $100 million fund was established to finance partner studios and promote their projects.

On the official website of Polygon Studios, the list of partners includes companies such as Atari, Animoca Brands, OpenSea and the ZED digital horse racing platform.

The launch of Polygon Studios also coincided with IGDA’s recent statement on the use of blockchain by gaming companies. The organization urged developers not to use crypto solutions that cause significant harm to the environment.