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$NFTX Partners with Polygon Studios $MATIC for Some Next Level NFT/Metaverse Collab Action

Okay, I know I might be a bit late to the party, writing about this fantastic collaboration between two outstanding companies, Looking Glass Labs ($NFTX) and Polygon Studios ($MATIC). Still, I have to say that they are really on to something good. For a while now, the concept of a 3D environment has been a part of the gaming industry, but as of nowadays, it is finding its way into other markets such as fashion, social media, architecture, entertainment, and sports. Before talking about the collaboration between the two companies, I should probably tell you a bit about the two, especially Polygon, as I haven't talked too much about them until now.

Looking Glass Labs ($NFTX) is a Web3 platform technology company based in Canada that specializes in NFT architecture, play-to-earn tokenization, virtual asset royalty streams, and immersive XR metaverse design. Suppose you haven't heard about them before. In that case, you should know that their company's portfolio includes Play-to-earn (P2E) Game, Project Origin, House of Kibaa, $HOK utility token, and Virtual Assets. Through the company's flagship studio, House of Kibaa, they are now working on building their own metaverse, which some say has the great potential to gain market share from many different players in the NFT world. House of Kibaa also creates and curates next-generation 3D assets that allow for the simultaneous existence of functional art and collectibles across diverse NFT and metaverse spaces. With that said, LGL is also working on developing a marketplace for artists to create and sell 3D assets, with a strong emphasis on social interaction allowing several users to communicate in the same space.

For those of you who haven't heard about Polygon, it is a platform that is helping advance NFT and blockchain technologies by allowing different developers to create scalable DApps with low transaction fees and high security. Since its launch in 2017, the platform has had over 7,000 DApps, more than 130 million unique users, and over 3 million daily transactions. The platform is an essential scaling solution that works on top of the Ethereum blockchain, which we all know has become relatively slow and expensive due to its popularity. With that said, Polygon can make things cheaper and faster by processing some transactions on its proprietary proof-of-stake blockchain, also known as "Layer 2" solution given the fact that the Ethereum blockchain is described as "Layer 1". We have to understand that thanks to Polygon's scalable nature, lower fees and faster transaction times, they have become the ideal ecosystem for metaverse and gaming projects. Also, thanks to their outstanding ability to support many users and projects, there is no need to worry about gas wars or hefty gas fees when network traffic starts to pick up. I can say that I understood from all of this that the Polygon platform is just excellent for games and the metaverse, especially those planning on supporting a robust number of users.

Recently Polygon decided to launch Polygon Studios as an initiative dedicated to growing blockchain-based gaming with NFT integrations globally to bridge the gap between Web2 and Web3 ecosystems through investment, marketing, and developer support. It can be easily understood that through the relationships with the different collaborators, such as OpenSea and Decentraland, Polygon Studios is strategically building its presence in the modern digital media world.

As for the collaboration between the two? With the help of Polygon Studios and its gaming and NFT arm, it is expected that House of Kibaa will be able to expand its user base and gain access to Polygon's unique users in different industries. House of Kibaa will get technical and business support for its strategic pillars, including the flagship studio, GenZeroes NFT collection, GenZeroes live-action series, and House of Kibaa's Project Origin Metaverse, which is expected to launch in 2022. If that is not convincing enough about how amazing the collaboration between the two is, Polygon Studios will also assist House of Kibaa and all its different projects by exploring new collaboration opportunities with other Polygon Studios' clients and collaborators, as well as also reposting House of Kibaa material on its various social media platforms.

As for the future of this collaboration between the two companies? From a strategic point of view, it is an excellent long-term initiative that will benefit Looking Glass Labs and help increase the value of House of Kibaa for its platform and other NFT communities. I genuinely believe that this is only the beginning of a fantastic friendship, and as time goes by, we will continue hearing about their outstanding and unique projects.

What do you think?

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Faith Tribe shared their story behind the project. First and only decentralized and community-owned ecosystem for collaborative development of fashion goods Faith Tribe seeks to open up the world of high design without any gatekeeping concerns. thumbnail

Faith Tribe shared their story behind the project. First and only decentralized and community-owned ecosystem for collaborative development of fashion goods Faith Tribe seeks to open up the world of high design without any gatekeeping concerns.