Blockchain protocol and network Polygon has released $10,000 in funds for a series of tournaments, including an esports tournament based on NFT trading card game SkyWeaver.
To make the most of its investments, Polygon has teamed up with Community Gaming, a platform focused on nurturing growth in grassroots competitive gaming.
The first Polygon-sponsored tournament will award $2,500 in MATIC tokens, Polygon’s native ERC-20 crypto currency.
Polygon is taking the opportunity to enter the competitive gaming space amid growing popularity for ethereum, as the network is solving some of its scalability issues and offering fresh growth opportunities.
The tie-up with Community Gaming doesn't focus on traditional ethereum focal points, such as decentralized finance (DeFi), but rather targets non-crypto native user base.
Commenting on the partnership, Polygon co-founder Sandeep Nailwal explained that the opportunity would enable the company to bridge the gap between “decentralized technologies and the competitive gaming community”.
Community Gaming recently raised $2.3m in a funding round, which it intends to use on growing its footprint in key territories, including South-east Asia and Latin America.