Web3 gaming network Moonveil has been making moves ahead of its token generation event (TGE). In addition to confirming the date of its highly anticipated node sale, it’s revealed a major investment from Polygon Labs, which has purchased nodes and will be participating as a validator on the Moonveil mainnet.
Moonveil is built using the Polygon CDK (chain development kit) and thus has close ties to the broader Polygon ecosystem. Those ties are set to become closer still given that Moonveil has pledged to reinvest half of the investment it’s received from Polygon Labs into supporting the growth of gaming projects intent on using AggLayer which provides a cross-chain connection for all Polygon projects.
Node Sale Goes Live October 22
The Moonveil community has been waiting eagerly for confirmation of the date of its node sale, when 50,000 nodes will be made available. The date has been officially set as October 22, starting with a whitelist sale before opening fully to the public on October 24. Demand for the nodes is expected to be high given the pivotal role they play in the growing Moonveil ecosystem and the attractive rewards available to node operators.
Moonveil nodes play a core role in overseeing network activity on the gaming-focused L2, particularly in the context of decentralizing Data Availability, Proof Verification, and Transaction Sequencing. In return for keeping their nodes online and operating to specification, owners will receive a steady stream of token rewards. 70% of these will vest over three years, but 25% will be made available upon completion of the Moonveil TGE.
Making Web3 Gaming Great
One of the challenges when engineering web3 games is ensuring that playing experience isn’t impaired by blockchain issues such as congestion, rising fees, or transaction bottlenecks, as can occur during times of peak demand. Moonveil’s L2 has been designed to solve these problems while providing developers with a ready-made community of players who are interested in exploring the latest GameFi releases.
So far, Moonveil has developed a handful of mini games as well as fully-fledged games Bushwack and AstrAsk, the latter a tower defense strategy game that’s still on testnet. Soon, though, these titles will be complemented by a slew of third-party games that will provide a broader web3 gaming experience while demonstrating the capabilities of Moonveil’s scalable L2.
Commenting on the investment from Polygon Labs, Moonveil CEO MJ said: “With this fantastic support from Polygon Labs, we can turbocharge our mission to create a gaming world in which players and developers are able to thrive. I believe the growth of our builder grants program will help catalyze innovation and attract top developers to Moonveil.”
GameFi developers are now blessed with a number of L2 networks on which to deploy their blockchain-based games. The lure of incentives for building on Moonveil, coupled with the deep liquidity and cross-chain functionality that AggLayer provides, may be enough to convince them that the future of web3 gaming lies on Polygon blockchain infrastructure.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2024/10/moonveil-confirms-2m-polygon-labs-investment-and-sets-date-for-public-node-sale