Polygon, the company behind the Ethereum-scaling protocol of the same name, announced a partnership with GameOn Entertainment to create new NFT games using Polygon’s platform. Through the deal, Polygon will fund GameOn’s product development costs.
Polygon is a pioneering blockchain that has onboarded millions to the Web3 ecosystem. Users of Polygon’s platform can trade NFTs without paying excessive fees.
The company announced earlier this year that it will establish a $100 million fund for projects melding blockchain technology and gaming.
GameOn was selected as one of the fund’s recipients, as Polygon will fund 50% of the product development costs.
The partnership will allow GameOn to rework its existing games as well as develop new games based on NFTs. The company provides other entertainment companies with “white label prediction games, fantasy games, and adventure-style games.”
“Leveraging Polygon’s technology, GameOn continues to lean into blockchain and NFTs, bringing innovative gamification to the rapidly growing 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.”