Polygon Studios Invests in GameOn, Strategically Partners to Bring NFT Games to the Masses -Breaking
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Polygon Studios invests in GameOn and Strategically Partners to bring NFT Games to the MassesGameOn Entertainment Technologies Inc. (CSE: GET) (OTCQB: GMETF), a leading game technology provider to media, sports and entertainment companies, is pleased today to announce a strategic partnership with Polygon ($MATIC) & Polygon Studios to build NFT-Based games on their Ethereum-based scaling platform. The deal will see Polygon Studios provide non-dilutive funding for 50% of GameOn’s ongoing product development costs. GameOn’s product team is spearheaded by Santi Jaramillo, former Head of Sports at Dapper Labs and creator of NBA Top Shot.
Polygon is a leading blockchain pioneer that has raised millions for the Web3 ecosystem. Recently Polygon Studios was announced by Polygon and will commit US$100 million towards projects that support the Web3 transition. DraftKings (NASDAQ :), DeFine, now GameOn were some of the investments. MATIC (the native cryptocurrency of Polygon) recently outperformed and. Forte, a blockchain-based company that makes games for children, has surpassed $1Billion in market capitalization.
The Polygon blockchain boasts investors that include Mark Cuban, Kevin O’Leary and many other high-profile investors. GameOn is continuing to strengthen its relationships with India’s lucrative market, which is still young and ready for NFT/blockchain adoption. This includes a new partnership with MX Player and $6 million from Times Internet, its parent company.
GameOn can now offer all the capabilities of Polygon Studios, including the creation, selling, and minting of NFTs. It also has game layers that it deploys to white label customers, such as fantasy and prediction games like the Chibi Dinos collaboration. For GameOn shareholders, this collaboration provides an opportunity to participate in the upside of the burgeoning crypto and NFT spaces, while accelerating GameOn’s product development in a non-dilutive manner.
GameOn is leveraging Polygon’s technology to bring innovative gamification and growth to the Web3 and Metaverse economies.
said Matt Bailey, GameOn CEO.
“Through resource-driving partnerships and M&A, we’ll continue to double down on being the one-stop shop for gamification, including NFT-based games.”
“Polygon works to support companies which help bring Web3 into the future.
said Sandeep Nailwal, Polygon Co-Founder.
GameOn is among the most rapidly-growing blockchain game technology companies. We are thrilled to help them develop NFT-based Polygon Games.
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