Polygon (MATIC) is an India-based cryptocurrency company that recently experienced rapid adoption, fueled mostly by its low transaction fees. In July, Polygon announced Polygon Gaming Studio, which will help developers create games in Polygon. Polygon also announced an NFT studio for developing NFT models and marketplaces.
Polygon already had gaming apps before the announcement, but in general, adoption by game developers has been slow.
Gamer growth has also been slow. The most popular game on Polygon had only 6,000 users over the last 7 days. Axie Infinity (AXS), the most recent hit on the Ethereum network, had 127,000 users over the same period.
Polygon Doesn't Have a Hit
It's only been a month since Polygon announced it would expand its game and NFT offerings, but so far there hasn't been much movement in gaming.
Revv Racing (REVV) is a car racing game with customizable cars. Revv operates multiplayer tournaments with cash prizes. It is the most popular game on Polygon, with 6,000 users and 30,000 transactions over the last 7 days.
Revv Racing seems like an early contender for a breakout Polygon game, and its parent company offers several products operating on REVV. But Revv Racing is still very new. For instance, there appears to be only one model of car in the game, the REVV Ambition. Car racing games are popular on consoles, so if Revv Racing continues to roll out new NFTs for cars and skins, it could become very popular.
Polygon is still waiting for a hit game, and progress has been slow. Polygon is experiencing growing pains as it expands support for game and NFT development. Developers say the gaming and NFT documentation is outdated and incomplete, and the support team is slow to respond to developer questions. Poor developer experiences will cause many developers to avoid Polygon.