How Polygon is Supporting the Development of the Metaverse

zycryptoPublished on 2022-02-28Last updated on 2022-02-28

Abstract

The Metaverse is a general system that acts as a new form of communication.

The Metaverse is a general system that acts as a new form of communication. While still in its early stages of development, this is a digital ecosystem where people can trade goods, buy, sell, and move through cyberspace. Currently, there isn’t much of a substantial development being made within the Metaverse system. However, with the rise of new layer two technologies, the potential of Ethereum’s Metaverse has become amplified.

Especially with the adoption of Polygon into the Ethereum-based Metaverse, the possibility of the Metaverse becoming an actual, practical system is much more likely. Polygon is a layer two ecosystem that allows for scalability, linking directly into Ethereum as a supporting chain. With these new capabilities, Polygon is allowing for development within the Metaverse at speeds that were previously seen as impossible.

In this article, we’ll be taking a look at Polygon, demonstrating how its development has solved a plethora of problems that the layer one ecosystem Ethereum was facing. Additionally, we’ll be touching on all of the projects that Polygon is helping develop, pointing towards the gaming industry within the Metaverse.

Why was Polygon created?

After receiving a $450 million USD investment, Polygon was launched into development, fast becoming a part of the extensive blockchain network.

Acting as a supporting layer 2 ecosystem that helps Ethereum (a layer one ecosystem) to run smoothly, the main goal of Polygon is to process transactions at scale. One of the largest problems with Ethereum is the scalability issue. Currently, this network can produce 15 transactions per second. While this is higher than Bitcoin, it is still ridiculously low.

Considering that there are potentially thousands of transactions that are queued every single minute on the Ethereum platform, the ecosystem has rapidly developed a large queue of orders. This means that many of their transactions are not processed immediately, leading to large problems.

While users can pay a ‘Gas Fee’ to send through transactions to the front of the queue, these have quickly become over $100 per transaction. One of the core issues with this is that transactions on the ecosystem fail to record, leaving them open to vulnerabilities. This is actually how OpenSea lost $1.8 million on their Ethereum-based NFT platform, as users didn’t want to pay high gas fees, leading to their transactions not being recorded correctly.

Polygon acts as a connecting chain that integrates into Ethereum. Its main goal is to help with scalability and process transactions. As they are connected together, the Polygon network offers a proof-of-stake sidechain, which will validate certain transactions and then transfer that information back to the main Ethereum chain.

Polygon acts as the solution for Ethereum’s high gas fees, poor transaction-per-second rate, and slower user experience. As Polygon allows for scalability, it significantly helps Ethereum become cheaper and more effective when compared to its competitors.

How Polygon is a game-changer for the Metaverse

One of the most valuable contributions that have resulted from Polygon’s support of Ethereum is the development of the gaming industry within the Metaverse. Polygon’s MATIC blockchain helps developers to create online games that can be accessed directly through the Metaverse. Some of these games have already built incredibly popular userbases, with some games receiving valuations of millions of dollars.

Two popular games that have been launched on the Metaverse thanks to Polygon’s development system are Arc8 and CryptoTanks. Arc8 is currently the most popular game on Polygon. It acts as a collection of different games like ‘Marble Dash’, ‘Globo Run’, and ‘Pixel Dungeon’. The diversity of the different games that can be played on this single platform is one of the factors that draw a large number of daily players.

Within Arc8, users can play and claim points, allowing them to get rewards, enter tournaments, and play for free.

Another game that has seen success on the platform is CryptoTanks. This application allows users to battle against opponents online. They can customize their tanks by buying NFT skins, giving them special upgrades to power, speed, mobility, and other metrics. The integration of NFTs within this gaming system has also led to many users playing CryptoTanks in order to make money.

As you can earn NFT skins and then sell them, the CryptoTanks ecosystem has fast become a fun way to pass your time while also making money. Both of these games represent the power of Polygon, with its digital capabilities providing the perfect environment in which developers can create online games for the Metaverse.

Final Thoughts

Alongside solving the scalability problem of Etherium, the powerful layer two ecosystems of Polygon has created the perfect sandbox for developers to create new applications. This new potential pathway for developers has led to the creation of a range of games within the Metaverse.

When looking towards the potential of Polygon, one only has to look towards the development of the Metaverse and gaming to realize the power this layer two ecosystems has. Only time will tell just how far Polygon can push the limits of what Ethereum can achieve.

Related Reads

Blockmaze Defines the Future of RWA Tokenisation with Compliance-First Infrastructure for a $500T On-Chain World

Blockmaze, a regulated ecosystem for tokenized real-world assets (RWAs) backed by Finvasia Group, is launching compliance-first infrastructure to bridge traditional finance and blockchain. It aims to solve the critical challenge of connecting digital tokens to legally recognized ownership and regulatory frameworks. With licenses across eight jurisdictions and over 45 regulatory registrations, Blockmaze provides a platform for issuers and institutions to tokenize assets like real estate, stocks, and commodities securely and compliantly. The goal is to unlock institutional trust and accelerate the transition of a portion of the estimated $500+ trillion global asset market onto the blockchain. The company's CEO, Tajinder Virk, emphasizes that the future of tokenization hinges not just on technology, but on regulated infrastructure that ensures legal recognition and trust.

TheNewsCrypto13m ago

Blockmaze Defines the Future of RWA Tokenisation with Compliance-First Infrastructure for a $500T On-Chain World

TheNewsCrypto13m ago

ETH Bull and Bear Views Compilation: Can Ethereum's Value Flow Back to ETH?

Titled "ETH Bull and Bear Views: Can Ethereum's Value Flow Back to ETH?", this article synthesizes the current heated debate around Ethereum's native token, ETH, following Bankless co-founder David Hoffman's decision to sell his entire ETH holdings. The **bullish case**, represented by figures like Tom Lee (BitMine CEO) and Raoul Pal, argues that ETH's core thesis remains intact. They contend Ethereum is the essential, secure, and neutral foundational layer for future finance—encompassing stablecoins, RWA, DeFi, L2s, and Agentic AI. Bulls bet on ETH's long-term revaluation as institutional adoption of on-chain finance grows, with significant buying activity from entities like BitMine and Consensys cited as evidence. Conversely, the **bearish perspective**, led by Hoffman and analysts like Markus Thielen, questions ETH's value capture mechanism. They acknowledge Ethereum's network success but argue that the value created by L2s, DeFi, and applications does not sufficiently accrue to the ETH token itself. Bears point to ETH's prolonged underperformance versus the broader crypto market, lack of traditional cash flows, weakening "ultrasound money" narrative, and apparent institutional retreat (e.g., Harvard Management Company exiting its ETH ETF position) as key concerns. The debate highlights a pivotal shift: ETH is no longer just a community belief asset. The central question is whether ETH can transition from being a "**used infrastructure**" to a "**continuously bought and held core asset**" as more value enters the Ethereum ecosystem. The market is now critically examining the direct link between network growth and ETH's value.

marsbit44m ago

ETH Bull and Bear Views Compilation: Can Ethereum's Value Flow Back to ETH?

marsbit44m ago

Crypto is dead, Perps are forever

The crypto industry is shifting from a focus on creating native assets (like altcoins and protocol tokens) to becoming a "global asset pipeline." Native cryptocurrencies, except for Bitcoin, are seen as failing in their value storage and utility promises, with demand driven largely by speculation. Attention and liquidity are now moving toward real-world assets (RWAs) like U.S. stocks, bonds, gold, and oil traded on-chain via perpetual contracts (Perps). Stablecoins like USDT and USDC set the precedent, proving blockchain's core strength is efficient global settlement and transfer, not inventing new monetary systems. Meanwhile, assets like Ethereum and many DeFi tokens struggle as their narratives weaken against tangible traditional assets and the rapid real-world progress of AI. Perpetual contracts have emerged as a pivotal innovation. They simplify trading by offering pure price exposure to any asset, bypassing complexities of ownership, custody, and traditional market hours. Projects like Hyperliquid gained traction by combining CEX-like efficiency with on-chain transparency, capitalizing on post-FTX distrust, macroeconomic volatility, and the surge in demand for 24/7 stock trading. In conclusion, while the era of speculative native "crypto assets" may be over, perpetual contracts persist as the industry's most potent financial instrument—transforming all assets into globally accessible, constantly tradable instruments centered on price speculation.

marsbit50m ago

Crypto is dead, Perps are forever

marsbit50m ago

Tencent, Alibaba, ByteDance in a Battle for the Skill Store

Skill is becoming a key concept in the AI field, essentially serving as a structured "instruction manual" for AI Agents that specifies tool calls, decision logic, and output standards. This allows Agents to execute predefined tasks. As the number of Skills grows, distribution platforms have emerged. Major tech companies are swiftly entering this space. In March, Tencent, Alibaba, and ByteDance launched Skill stores within their respective Agent platforms. Subsequently, players like Zhipu AI, Meituan, and Xiaohongshu joined the fray. This competition for the "Skill store" is fundamentally a battle for the AI-era user entry point; whoever controls distribution controls the users. While ByteDance's Coze has experimented with paid Skills, most platforms offer them for free. The real value lies not in the stores themselves but in using them to attract and retain users within an ecosystem, driving revenue from services like cloud computing, model calls, or advertising. The landscape features three main player types: 1) **Internet giants** (e.g., Alibaba, ByteDance, Tencent, Meituan), leveraging Skills to drive traffic and monetize through their broader ecosystems (cloud services, transactions, ads). 2) **Large model companies** (e.g., Zhipu AI, Moonshot AI), using Skill stores to increase user engagement and monetize model API calls. 3) **Content platforms** (e.g., Xiaohongshu), treating Skills as a new content format to generate traffic and ad revenue. However, transforming Skill stores into a sustainable business faces significant hurdles. Key challenges include: the **difficulty in pricing Skills** due to inconsistent outputs across different models and contexts; **lack of cost transparency** (varying token consumption); **security risks** like Skill poisoning; and the **absence of standardized protocols** for development and evaluation. Unlike standardized mobile apps, Skills are often personalized workflows resistant to uniformity, which hinders the establishment of a reliable review and monetization system akin to the App Store. While there is genuine user demand for paid Skills—particularly in enterprise (e.g., contract review) and certain personal productivity scenarios—current platforms offer developers limited and unpredictable distribution. The future of Skill stores depends on overcoming these standardization, evaluation, and safety challenges to make acquiring a Skill as straightforward as downloading an app. For now, the stores function more as display shelves than robust marketplaces.

marsbit50m ago

Tencent, Alibaba, ByteDance in a Battle for the Skill Store

marsbit50m ago

The Crypto Scene Is Dead, Perpetual Swaps Are Eternal

The crypto industry is undergoing a fundamental shift. The era defined by minting novel, native digital assets (altcoins) is fading. These assets, lacking real-world cash flows or clear value, are losing relevance as attention and capital flow elsewhere. Two powerful external forces are reshaping the space. First, traditional assets like U.S. stocks, bonds, gold, and oil are being tokenized and traded on-chain. Second, the explosive growth of AI, with its tangible products, has overshadowed crypto's once-dominant "future narrative." This marks a critical pivot: crypto is transitioning from being a "factory for new assets" to becoming a "global conduit for existing assets." Its validated utility is not complex financial reinvention but efficient global settlement, transfer, and trading—the original promise of blockchain. Stablecoins like USDT and USDC exemplify this, offering faster dollar movement rather than replacing it. Consequently, native ecosystems like Ethereum face profound challenges. While still crucial infrastructure, ETH struggles to capture value as users interact with Layer 2s or trade traditional assets without needing to hold it. DeFi's grand narrative of rebuilding finance has narrowed to core needs like cheap transfers and deep liquidity. The true breakout innovation is the perpetual contract (Perp). It brilliantly bypasses the complexities of direct asset ownership (custody, compliance, dividends) by creating pure price exposure. Users can speculate on the price movement of *any* asset—NVIDIA, gold, oil—24/7, globally, and with leverage. This "price casino" model, while risky and ethically fraught, delivers unmatched liquidity and accessibility. Projects like Hyperliquid succeeded not by inventing new mechanics but by perfecting the timing and execution of this model. Key drivers included making on-chain Perps feel like centralized exchanges, post-FTX trust migration towards transparency, and rising demand to trade macro assets and equities round-the-clock. In conclusion, the crypto world's most enduring successes are the dollar (via stablecoins), Bitcoin, and trading. Its new frontier is not creating alternative assets but providing a seamless, perpetual trading layer—a new API—for the world's existing financial system. The age of native altcoins is over; the age of perpetual synthetic exposure has begun.

Odaily星球日报59m ago

The Crypto Scene Is Dead, Perpetual Swaps Are Eternal

Odaily星球日报59m ago

Trading

Spot
Futures

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions