NFT Games: Polygon Partners with GameOn

The company behind the Ethereum scalability solution known as Polygon has teamed up with GameOn Entertainment to develop new NFT games on its scaling platform. As part of the agreement, Polygon is covering GameOn’s product development costs.

Polygon is a gaming technology company that has been investing in blockchain-based game development. Polygon’s platform allows users to trade NFTs without having to pay steep fees. It said this earlier this year, establishing a $100 million fund for projects combining blockchain and gaming.

GameOn was one of the winners, as Polygon will provide funding for 50% of product development expenses in a non-dilutive investment. GameOn provides “white label prediction games, fantasy games, NFT-based games, and adventure-style games” to other entertainment companies. The collaboration will allow GameOn to utilize NFTs in its current products as well as develop new NFT-based titles.

“Leveraging Polygon’s technology, GameOn continues to lean into blockchain and NFTs, bringing unique gamification to the quickly growing Web3 and metaverse economies,” says GameOn’s CEO, Tom Bailey. “We’ll keep doubling down on being the one-stop shop for gamification, including NFT-based games, by partnering with industry leaders in resource-driving collaborations and M&A.”