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Decentraland announces layer-two MANA token transfers, plans for full migration



Only a day after two decentralized finance powerhouses introduced layer-two integrations through the Polygon sidechain, a serious nonfungible token and gaming title has at the moment adopted go well with.

In a weblog submit this morning, NFT-powered digital world and online game Decentraland introduced a token bridge enabling customers to maneuver native MANA tokens to Polygon and again. On the time of publication, MANA is the eightieth ranked token by marketcap and has risen 3750% on the 12 months to $1.01, per Coingecko.

That is simply step one in what will probably be a considerably bigger migration, because the undertaking intends to allow all Decentraland dApps, together with their Builder and Market contracts, to conduct transactions on Polygon.

Along with brisk settlement occasions, the combination will even make all transactions utterly free for customers. Whereas Polygon usually costs a transaction charge priced at fractions of a cent, Decentraland stated that they will even be leveraging meta-transactions. This may allow customers to “claim, buy, sell, and trade wearables for their avatars entirely on Polygon, with no transaction fees.”

Lastly, the combination will permit customers to buy MANA tokens instantly with credit score and debit playing cards through a Polygon integration with crypto on/offramp Transak.

The migration is yet one more win for Polygon in a multi-horse race to offer scalability options to Ethereum’s persistent fuel prices. Polygon — which rebranded from Matic, a former would-be competitor to Ethereum whose “sidechain” declare is considerably strained — has been taking specific benefit of competitors falling asleep on the wheel, resembling when rollup platform Optimism pushed again their launch by three months.

Yesterday, Aave and Zapper each introduced Polygon implementations, giving the undertaking two top-100 marketcap wins in underneath every week. There might be extra competitors coming within the scaling wars, nonetheless, as final week Starkware raised $75 million.