Earlier today (January 27), Hike, the startup behind Rush Gaming Universe (RGU), announced that it was “excited” to “welcome” Polygon ($MATIC) as an investor and explained why it is moving its (currently) mobile-only platform to Ethereum with the help of Polygon.
According to RGU’s blog post, the RGU community is “battling it out in over 100M gameplays a quarter across 8 of India’s most popular casual games.”
Kavin Bharti Mittal, Founder and CEO at Hike, had this to say:
“We’re entering a new era of gaming, where players will participate in a new kind of game economy. One where they are owners of the networks they help create. Gaming has always been an incredible source of entertainment, a way to bring joy to people’s lives, and now it will also be a means to provide brand new economic opportunities to the world.
“With Polygon, we’re going to bring The Rush Gaming Universe on-chain in 2022 on top of the vast and vibrant Ethereum ecosystem to deliver on this vision. We’re thrilled to have Polygon join us as an investor and partner.“
And Sandeep Nailwal, co-founder of Polygon, commented:
“Web3 gaming is one of the fastest-growing economic sectors ever and has the potential to be an important onramp for the next 1 billion users to come onto crypto. Hike’s Rush Gaming Universe is a hugely exciting development for the Indian market, with global potential beyond that, and we are delighted to be partnering to bring the platform on-chain.“
The Hike team then explained why it had chosen to move to Polygon:
“Polygon’s approach to scaling Ethereum improves the network’s transaction processing speed and tremendously reduces gas fees.
“It’s the only scalability solution to fully support the Ethereum Virtual Machine (EVM) making Polygon accessible and intuitive to use by the Ethereum community and those familiar with Solidity, an object-oriented programming language for writing smart contracts. By building on the Polygon network, we’ll benefit from Ethereum’s network effect without sacrificing its robust security.“
In other important gaming-related Polygon news, on Tuesday (January 25), Ryan Wyatt, Head of YouTube Gaming, announced that he is leaving Google at the end of next month to join Polygon Technology as their CEO of Polygon Studios:
“In my role at Polygon Studios, I will be focused on growing the developer ecosystem through investment, marketing, and developer support and bridging the gap between Web2 and Web3. I’ll be leading the Polygon Studios organization across Gaming, Entertainment, Fashion, News, Sports, and more. I’m excited to work with developers and builders across the Polygon ecosystem and I’ll be sharing more about my journey over the coming months.“
Lastly, on January 21, Uniswap Labs announced that since December 2019, when its community had voted for the highly popular decentralized exchange (DEX) to be deployed toPolygon, its users had “saved millions in gas costs.”
And yesterday, Polygon Technology Co-Founder Mihailo Bjelic said that a liquidity mining program would be coming soon.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.