Moonveil announces node sale backed by $2 M investment from Polygon Labs

Web3	2024-10-10 18:24

Moonveil, a gaming-focused Layer-2 network, has announced a major step forward with its upcoming node sale and a $2 million investment from Polygon Labs.

The sale, set to begin on October 22, 2024, will offer 50,000 nodes to the community and is aimed at expanding the Moonveil gaming ecosystem.

Half of the Polygon Labs investment, totalling $1 million, will be used to accelerate the development of AggLayer-connected projects, a key part of Moonveil’s ecosystem.

Built on Polygon’s CDK, Moonveil’s Layer-2 will integrate seamlessly with the AggLayer, enabling innovative, cross-chain gaming experiences.

A milestone for web3 gaming Polygon Labs CEO Marc Boiron expressed confidence in Moonveil’s vision, stating,

Moonveil’s innovative approach to web3 gaming aligns with Polygon Labs’ vision for the future of blockchain. By supporting Moonveil nodes, we are reinforcing our commitment to advancing the next era of gaming through zk-powered technology and seamless interoperability. This will enable true ownership and interconnected experiences for players.

Moonveil CEO MJ highlighted the significance of this investment, saying,

This investment is a testament to the potential of what we are building, reflecting where web3 gaming has come from and where it’s now headed. With this fantastic support from Polygon Labs, we can turbocharge our mission to create a gaming world in which players and developers thrive.

MJ also emphasized that Moonveil’s builder grants program will catalyze innovation and attract top developers to the platform.

Node sale details: The 50,000 nodes available will be offered in two phases:

Whitelist Round: Opens on October 22 for applicants who have engaged with Moonveil through campaigns, AMAs, and partner initiatives. Public Round: Opens on October 24 for all other interested participants.

The nodes will play an essential role in Moonveil’s strategy of progressive decentralization, contributing to functions such as Data Availability, Proof Verification, and Transaction Sequencing. Moonveil plans to activate the nodes in Q1 2025, with token rewards distributed over three years.

Moonveil’s Layer-2 network will support both proprietary and third-party games, using zk-powered technology to enhance player experiences.

With 25% of node operators’ tokens unlocking after the Token Generation Event (TGE), the remaining tokens will be distributed gradually, ensuring sustained involvement from the community.

Moonveil aims to become a leading platform for web3 gaming, promoting decentralization and fostering innovation through its partnership with Polygon Labs and its builder grants program.

The post Moonveil announces node sale backed by $2 M investment from Polygon Labs appeared first on Invezz

origin »