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- FLASK noted that it will onboard its in-house and subsidiary company-developed high-end RTS and FPS games on the Polygon-powered NAODA platform in the second half of this year.
- Polygon (MATIC), however, faces immense competition from the recently launched Arbitrum network.
The Polygon (MATIC) network, an Ethereum scaling solution with about $1.04 billion in total value locked (TVL), continues to attract Web3 investors seeking to scale with the largest smart contract ecosystem. Ranging from decentralized lending protocol, NFT marketplaces, and DeFi projects, among others, the Polygon network has registered dozens of new projects in the recent past.
Projects with high volume including AAVE, Quickswap, Balancer V2, Uniswap V3, and Curve Finance, among others have chosen Polgon as the route to a scalable Web3 experience. Moreover, more than 3.59 billion MATIC coins out of the total supply of 10 billion have been staked through the networks PoS program.
NAODA on Polygon Network
According to a recent announcement by FLASK, a KOSDAQ-listed tech company focused on GameFi services, has partnered with Polygon to bring its participation-driven GameFi platform NAODA to a larger Web3 audience. Notably, FLASK will integrate NAODA into the Polygon PoS chain to enhance the gaming experience.
Additionally, the company noted that it will onboard its in-house and subsidiary company-developed high-end RTS and FPS games on the Polygon-powered NAODA platform in the second half of this year.
We are thrilled to announce our integration with @0xPolygonLabs to build a scalable, secure and sustainable #web3gaming ecosystem.
With Polygon's powerful suite of solutions, NAODA will deliver a seamless experience for our gamers and voyagers. #PoweredbyPolygon @PolygonGaming pic.twitter.com/YPzqWKru4x
— NAODA (@naodaxyz) April 19, 2023
NAODA, which became available for beta service on April 7, has already recorded significant achievements. In 10 days, users performed missions and minted more than 6,200 Soulbound tokens, which are coined as Proof-of-Participation (POP) badges within the service. POPs are digital badges that serve as credentials for participating in community and gaming activities. They also come with different rewards, which can be redeemed as tokens to be sold in NAODA’s NFT Marketplace.
“We are excited to be part of Polygon’s Web 3.0 ecosystem, partnering with a brand that shares our belief that gaming can drive blockchain technology to the mainstream,” said Lee Byoung-Jae, CEO of FLASK.
We will continue to develop competitive platforms and games, working closely with the Polygon team and their latest solutions.
FLASK has made significant investments in the Web3 industry, whereby it is the official sponsor of Consensus 2023 in Austin, Texas, from April 26-28.
Polygon (MATIC) price action
The announcement did not have an immediate positive impact on the Polygon (MATIC) price. According to the latest market data, Polygon (MATIC) traded around $1 on Monday, down 1.6 percent in the past 24 hours. With the ongoing crypto relief rally, Polygon (MATIC) is up approximately 31 percent YTD despite declining more than 65 percent from its ATH, around $2.92.
Polygon (MATIC) is heavily incentivized by retail and whale investors due to its future growth prospects. According to a report by market intelligence platform intotheblock, more than 32k addresses purchased MATIC at an average price of $0.91, thus informing more stashing could be underway.
$MATIC is back under $1. Let's take a look at the on-chain activity: 32.56k addresses purchased MATIC at an average price of $0.918. This suggests that if prices return to those levels, investor interest may pick up once again. #MATIC #Polygon pic.twitter.com/E66AJ9i0U6
— IntoTheBlock (@intotheblock) April 24, 2023
