Polygon August Adrenaline —DeFi 11 Spotlight

Polygon has been one of the fastest-growing Dapp platforms for Ethereum scaling, rapidly becoming the de-facto standard for DeFi, NFTs, and Blockchain Gaming with 500+ Dapps, ~7M daily txns, and 1.8M+ unique wallets.

The rise of gaming on Polygon has been especially noticeable, with more than 100,000 blockchain gamers on Polygon and top Web 3 games, and DeFi 11 is one of them, building high-quality gaming experiences thanks to Polygon’s high speed and fast confirmation times.

Polygon has 5–6x more gaming and NFT Dapps more than any other chain outside of Ethereum at around 300+ and already works with more than 50% of today’s blockchain-based web 3.0 games and NFT platforms, including Decentraland, Opensea, Sandbox. Polygon has the best NFT DeFi composability out of all blockchains outside of Ethereum due to the large number of gaming NFT applications on Polygon coupled with DeFi bluechip Dapps such as Aave, Curve, Sushiswap, and Balancer.

Polygon’s tight-knit and exponentially growing gamer community is what led to the creation of Polygon Studios: a brand new arm at Polygon that is focused on growing the global Blockchain Gaming and NFT Industry, and bridging the gap between Web 2 and Web 3 gaming.

Introducing Polygon August Adrenaline: an initiative to highlight and get to know the Gaming & NFT projects on Polygon a little better!

Please tell us more about your project and your team.

DeFi11, a decentralized gaming ecosystem introduces a twin concept to bring gamification and DeFi for the masses. The protocol has been designed on top of layer 2 blockchain Matic and powered by smart-contracts that check data abuse, creation of dummy winners and financial frauds in the gaming verse. The protocol has also implemented NFTs as a core concept that will bring live 3D experience and tokenize your gaming assets for financial gains. On top of this, it has also revolutionized the prediction market in its coming phases of development with P2P interaction between players with no third party intervention, rather, establishing code as the supreme above all forms of centralisation.

Where are we in the hype cycle for gaming and NFT’s?

The second module to the ecosystem is the NFT virtual hybrid world. It is a complete hybrid world combining virtuality and reality.

Who are some thought leaders you follow in the space?

Changpeng Zhao ,Vitalik Buterin, Jihan Wu, , Barry Silbert, Brian Tubergem, Jesse Peltan, Charlie Noyes, Flori Marquez

What are some best ways for newbies to get up to speed in the space?

We generally think there are 5 basic prospects that define the process for newbies to analyze projects.
1.) Price
2.) Prospects for Adoption
3.)Supply
4.)Price and Volume
5.) Team and Pace of Development

What is one thing that most people don’t know about your project?

The most popular thing that people don’t know about our project is DeFi11 isn’t just an ordinary mobile application. It’s a complete ecosystem with a smart in-built wallet. DeFi signifies obvious stuff Decentralised Finance. While 11 depicts the gaming ecosystem. 11 games to come under the umbrella. All games unique in themselves. All our games are completely DeFi powered and decentralised.

Why did you choose to build on Polygon?

We are chain agnostic and can run on any possible blockchain. But our preferred chain for now is Polygon because of the fast transaction speed and low transaction cost there.

___

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram

More from the Polygon Blog
Data Availability is Not Data Storage

Recall this grade school experience: you raise your hand and ask, “Can I go to the bathroom?” To which your teacher responds with “I don’t know. Can you?” Might seem far fetched, but this is a perfect entry point to understanding the difference between data availability and data storage. Let's bring this analogy close to […]

Read More
The Future is Now for Ethereum Scaling: Introducing Polygon zkEVM

We all know that Ethereum needs to scale, and we at Polygon believe that zero-knowledge (ZK) tech is the most promising pathway to get there. But that path has often seemed as if it would be long and winding. The conventional wisdom has been that the crypto space would need many years to develop Layer […]

Read More
Polygon Reaches First Sustainability Milestone by Achieving Network Carbon Neutrality

Polygon has made a major first step toward becoming carbon negative with the retirement of $400,000 in carbon credits representing 104,794 tonnes of greenhouse gasses, or the entirety of the network’s CO2 debt since inception.  The milestone comes after Polygon in mid-April released its Green Manifesto, part of its broader vision for sustainable development. The […]

Read More
Polygon Avail Launches on Testnet to Turn Monolithic Chains Modular

If we want the entire world to join Web3, blockchains will need to handle more transactions. Monolithic blockchains can’t scale because they’re asked to perform too many tasks (execution, settlement, and data availability) at once. But if chains were able to focus on just one part of the stack at a time, the entire ecosystem […]

Read More
Polygon Leads $25 Million Fund For Web3 Venture Studio SuperLayer

Polygon is pleased to reveal that it has led a $25 million funding round for Web3 venture studio SuperLayer. This partnership and funding will help spread SuperLayer’s vision of accelerating the most promising Web3 platforms and projects. SuperLayer is led by managing partners Kevin Chou and Mahesh Vellanki, both founders of multiple leading Web3 companies, […]

Read More
Polygon zkEVM Within Vitalik’s Framework: Gaining Clarity and Looking Ahead

The Ethereum community has recently seen a flurry of zkEVM (zero-knowledge Ethereum Virtual Machine) announcements, including the unveiling of Polygon zkEVM. Given how new these technologies are and how many different approaches are being tried, it comes as no surprise that there has also been a lively debate around key concepts and terminology. What is […]

Read More
Polygon is Coming to ETHMexico With Blu3house #onPolygon 

Polygon is coming to Latin America as a presenter-tier sponsor of ETHMexico.  The annual gathering of Ethereum's brightest minds organized by ETHGlobal will be held on Aug. 19 - 21 in Mexico City. In preparation for the 36-hour-long hackathon, Polygon will host and mentor 25 top women builders in Web3 at our Blu3house #onPolygon. These […]

Read More
crossmenuchevron-down-circle