MATIC – Making Metaverse Crypto Projects More Accessible
For metaverses to become more popular, they need to be easily accessible. Currently, one of the main barriers to entry is transaction fees — many blockchains are too expensive to use.
Polygon hopes to change this by providing a high-speed and low-cost layer 2 blockchain that can support Ethereum dApps and tokens. The platform supports DeFi applications, NFTs, and interoperable protocols, making it a perfect fit for Metaverse applications.
It is also very popular among developers, with more than 19,000 dApps already running on the platform. Several Metaverse cryptocurrency projects have already leveraged Polygon’s technology to reach a wider audience, including Neon District, Vulcan Forged, and Carrieverse, among others. Similarly, metaverse giant The Sandbox recently deployed on the energy-efficient chain.
As the primary gas token and medium of exchange on Polygon, the MATIC token has huge potential, and as more and more users begin to use Polygon-based metaverses, the demand for MATIC tokens will likely soar in the coming months and years.
