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Polygon Teases Major Release for Indian Gaming Community Soon

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Mon, 01/17/2022 - 13:33
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Tomiwabold Olajide
Polygon teases upcoming major announcement for Indian gaming community
Polygon Teases Major Release for Indian Gaming Community Soon
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In a recent tweet, Polygon teases a major release for the Indian Gaming Community on Jan. 18 without disclosing further details.

The announcement concerns IndiGG, a collaboration of Yield Guild Games, a play-to-earn guild that brings players together to earn via NFT games and Polygon Studios, the gaming and NFT arm of Polygon.

In December 2021, IndiGG, a gamers' guild formed by the collaboration of YieldGuild (YGG) and Polygon, was introduced with the motive of catering to players on the Indian subcontinent. With India being home to the largest gaming talent pool in the world, IndiGG aims to help Indian gamers learn about play-to-earn and how they can earn.

At the close of 2021, IndiGG disclosed that it will be sharing new announcements in January as it hopes to unveil more of the gaming guild to Indian communities.

London hard fork finally arrives on Polygon

Binance recently announced support for the Polygon (MATIC) network upgrade and hard fork. On Jan. 18, Polygon will be introducing a token burn mechanism on its mainnet as U.Today earlier reported.

According to Polygonscan, London hard fork is set to arrive on the Polygon mainnet in about 14 hours, or 23,601 blocks away. The London hard fork, or EIP-1559, is set to be activated when block 23,850,000 is validated. This gives an estimated date of Tuesday, Jan. 18, 2022, 4:05:24 a.m. (GMT+1).

Polygon MATIC has a fixed supply of 10 billion, so any reduction in the number of available tokens might have a deflationary effect as an annualized burn would represent 0.27% of the total MATIC supply.

MATIC trades at $2.32 at press time.

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About the author

Tomiwabold is a cryptocurrency analyst, technical analyst and experienced fund manager. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.