Cryptoknowmics
2022-01-31 10:00:53

Metaverse Platform OVR Shifts Network to Polygon from Ethereum

Ethereum-based Metaverse platform OVR (OVR) has successfully completed the first phase of its two-phase migration to Polygon network. The move began in January with the second phase to be deployed in February with the addition of new functionalities and capabilities. With the first step completed, Merkle Proof and Minting functions have been moved to Polygon and NFTs can now be created at low fees. In addition, the Polygon network payments have been added to the Ethereum and BSC network in the primary market which will drastically reduce its transaction costs while providing higher scalability. The second phase of the transition will even bring more exciting capabilities such as batch minting of all light minted OVRLands, direct minting of new primary market sales, an Ethereum and Polygon NFT bridge, as well as a fully decentralized secondary market where users can sell their OVRLand NFTs. For the 24,000 holders who currently own over 700,000 OVRLands, they can either mint all of their OVRLand now on Polygon or wait for the batch minting that will go live in the second phase. Those who choose to wait will have their OVRLands, which are currently saved as Merkle Proofs on Ethereum, will be minted directly to their wallets on Polygon. Shifting to Secondary Scaling Solutions OVR, a project initially built on the Ethereum network, has had to migrate to the Polygon network for its overall growth and provide users with lower transac...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.