2 years ago
OVR has successfully completed the archetypal signifier of its two-phase migration to the Polygon Network. The determination began successful January and has already shown promising results for the project, with the 2nd signifier to beryllium deployed successful February. It announced that it has transferred the Merkle Proof and minting functions from the Ethereum web implicit to the Polygon network, allowing for NFT minting astatine debased fees.
Furthermore, OVR besides announced that Polygon web payments person been added to the Ethereum and BSC web payments presently disposable to users successful the superior market. This volition greatly alteration transaction costs portion providing a higher scalability imaginable for the metaverse project.
But Why Polygon?
Ethereum whitethorn beryllium the starring astute contracts level successful the crypto abstraction but determination is nary uncertainty that it is an overcrowded and oversaturated network. This precocious request connected the network, coupled with the network’s inability to standard decently to accommodate its growth, has led to recurring scalability and interest issues, which hap to beryllium immoderate of the highest successful space.
In airy of these problems, OVR, a task initially built connected the Ethereum network, has had to determination operations to the Polygon web which tin accommodate its maturation and supply debased transaction/minting costs for its users. The precocious complaint of adoption of the Polygon blockchain and its closeness to the Ethereum web besides helps to dramatically trim the hazard of ending up successful “ghost chains.”
“The blockchain scalability scenery is immense and rapidly evolving; choosing 1 solution implicit different is not a elemental task, but it’s a multidimensional occupation with galore variables and forecasts to digest,” the website reads.
Polygon presents arsenic the champion prime for OVR fixed its debased transaction costs, its decentralization trade-offs and task vision, adoption trajectory, and vicinity to the Ethereum network/EVM compatibility.
Trading OVR On Polygon
With the determination to Polygon, trading OVR tokens has ne'er been cheaper. Users tin present easy swap their OVR tokens connected the Polygon implementation of Uniswap V3. Gas fees for each swap are astatine $0.01 each arsenic the determination has made transactions easier and cheaper.
What’s more, is that OVR tokens tin present easy determination from Ethereum to Polygon and vice versa utilizing the Polygon Bridge. It is simply a elemental DApp that lone requires a idiosyncratic to link their wallet to it and they’re bully to good.
Just arsenic transaction fees person dropped with the determination to Polygon, truthful person NFT minting fees. OVR users are capable to mint their OVRLands for truly inexpensive connected the Polygon web compared to the Ethereum network. This capableness is presently unrecorded and OVRLand holders tin mint them arsenic NFTs connected the Polygon blockchain, which tin lone beryllium sold connected the OpenSea marketplace for the clip being.
The 2nd signifier of the determination to Polygon volition travel with adjacent much breathtaking capabilities specified arsenic batch minting of each airy minted OVRLands, nonstop minting of caller superior marketplace sales, an Ethereum <> Polygon NFT bridge, arsenic good arsenic a afloat decentralized secondary marketplace wherever users tin merchantability their OVRLand NFTs.
It is up to each idiosyncratic if they privation to mint their OVRLand connected Polygon present oregon hold for the batch minting that comes with signifier II. Those who take to hold volition person their OVRLands, which are presently saved arsenic Merkle Proofs connected Ethereum, minted straight to their wallets connected Polygon.
There are presently much than 700,000 OVRLands successful circulation owned by implicit 24,000 wallets. OVR is besides pushing an update to its app to amended the AR acquisition of its users.
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