Moonveil, the layer 2 network focused on GameFi, has announced a strategic investment from Polygon Labs and confirmed details of its forthcoming node sale. Polygon Labs has a natural interest in seeing Moonveil succeed given that its L2 is built using the Polygon CDK kit and the $2M in funding will accelerate this goal by incentivizing development of games on Moonveil.
Polygon Labs has directed its funding towards acquiring Moonveil nodes that will make it a validator of transactions on the gaming-optimized L2. As Polygon Labs CEO Marc Boiron explains, “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, enabling true ownership and more empowering, interconnected experiences for players.”
Node Sale Starts October 22
Moonveil is making a total of 50,000 nodes available to the public in a two-phase sale starting on October 22. Nodes will play a key role in provisioning data to projects operating on Moonveil and in validating transactions. Each node will come with a tranche of native tokens pre-loaded, the bulk of which (70%) will vest over three years. This will provide a steady stream of rewards to node operators who maintain uptime and contribute to the Moonveil network’s stability.
However, node owners will also receive 25% of their tokens upfront following completion of the Moonveil TGE, while the rest will be issued in the form of community rewards which are also set to kick in shortly after the token generation event. The node sale will initially commence with a whitelist round on October 22 before expanding to a public round two days later in which anyone can participate.
Aggregating Blockchains for Unified Liquidity
One of the challenges when engineering new blockchains is ensuring that there is sufficient liquidity for users to be able to make swaps at size without incurring slippage or major volatility. Despite launching as a new L2, Moonveil will benefit from access to AggLayer, Polygon’s solution for delivering unified liquidity. This means that chains can retain their own sovereignty while enjoying the ability to connect to any L1 or L2 and access its deep liquidity.
$1M of the $2M Moonveil has received from Polygon Labs will be used to support projects within its gaming ecosystem that make use of AggLayer. Because Moonveil utilizes the Polygon CDK and features native AggLayer integration, projects launching games on its L2 will be able to enjoy the benefits this provides, particularly in terms of liquidity and being able to move in-game assets between chains.
Moonveil has also committed to launching a grants program that will encourage third-party developers to deploy web3 games on its scalable L2. As a result, the Moonveil community can look forward to being able to access a host of highly playable games that are powered by token incentives and the ability for players to own the assets they earn and craft.