By
Steve Muchoki
April 18th, 2024
Polygon will also promote scalable e-sports tournaments via a partnership with the Community Gaming platform.
Polygon has recently announced its plans to launch new offerings. Among them, the Polygon project team mentioned NFTs, gaming and much more.
— Polygon Labs (@0xPolygon) July 15, 2021
Meanwhile, it has become known about a new partnership of Polygon. The Community Gaming platform has been actively hosting esports tournaments and now has entered into a partnership with Ethereum scaling solution Polygon. The partnership intends to develop custom esports tournaments where payments are processed instantly.
The organization, in their official statements, has said that tournament organizers on community gaming can now deploy their esports tournaments on the polygon network allowing instant player payments.
Polygon has been instrumental in developing an ETH scaling solution that has a tally of approximately 5 million transactions daily. The organization also intends to combat the current stress on ethereum’s mainnet caused by volatile and regular transactions conducted using ETH.
The announcement further mentioned that the community gaming had deployed two esports tournaments on a polygon network popularly known as Axie Infinity tournament and Gods Unchained tournament. Thousands of players associated with the tournament are getting payments in USDC, ETH, and MATIC. The transactions are processed in under three minutes and the nominal charge for the transaction conducted is 0.0012 MATIC.
This feature has been heralded as one of the most unique and Novel approaches to conduct instant player payments. It is to be noted that all the previous payments were extremely time-consuming and often took days for the process to complete and reflect in the bank accounts. However, with this new version of payments, the processing time has been cut short and can easily be attributed to a successful endeavor for fast payment processing and delivery.
The partnership of polygon with community gaming comes at a time when the CG had recently announced their seed funding round where they raised $2.3 billion from prominent investors such as Dapper Labs, MultiCoin Capital, Mark Pincus’ WorkPlay Ventures, Signum Growth Capital, and Kevin Durant’s ThirtyFive Ventures, CoinFund, and Animoca Brand.
First Polygon and Community Gaming Partnered Tournament to Be Conducted in August
The first sports tournament to be held under the partnership of Polygon and Community Gaming is worth $2500 and has been named as Skyweaver tournament. The tournament is scheduled to be conducted in August this year and revolves around a trading card game genre where players can buy, hold and sell NFTs as trade cards.
Skyweaver tournament has been prepared to keep in mind the casual mindset of players and is developed for competitive players to have an engaging gaming experience. The tournament propagates the game to be centered around the idea of ” those who dare to conquer.” The prize money will include $2500 worth of MATIC along with NFTs provided by horizon games. The event is scheduled to get the live stream on the community’s gaming twitch channel.