Polygon Teams Up With Ethereum-Based Crypto Project To Create Blockchain Dedicated to Gaming

Blockchain scaling solution Polygon (MATIC) is teaming up with the Ethereum (ETH)-based gaming project Immutable (IMX) to build a blockchain focused on gaming.

The project, titled Immutable zkEVM, is a zero-knowledge (ZK) roll-up that is “slated for launch in the coming months,” according to a new Polygon press release.

Says Robbie Ferguson, Immutable president and co-founder,

“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.”

The blockchain gaming industry represented 49% of all daily blockchain activity last year, according to a report from DappRadar. The data acquisition and analysis firm also notes that the blockchain gaming transaction count increased by 94.17% in 2022 compared to the previous year.

Immutable’s native token, IMX, will be used as the gas currency for Immutable zkEVM. The 52nd-ranked crypto asset by market cap is down more than 2% in the past 24 hours. IMX is trading at $1.25 at time of writing.

Polygon’s native token, MATIC, is trading at $1.15 at time of writing. The 10th-ranked crypto asset by market cap is up nearly 2% in the past 24 hours.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney