Over the years, the internet has developed at a fast rate. Now, we are looking at the development of Web3. This is another phrase that is used to describe the new internet of the future, which can include the metaverse, blockchains, and cryptocurrencies. Think about it as a new evolution and a new world to explore.
There are going to be some major players when it comes to the development of Web3. In particular, there are people that believe this will be Polygon. So, who are Polygon and will they play an important role in Web3? Let’s take a closer look at what we know and you can see if you want to buy Polygon.
What is Polygon?
First of all, it is important to get familiar with Polygon and what this is. Well, this is a popular blockchain development solution. In particular, it creates a suite of technologies which are used to scale blockchains. It is said that Polygon has a vision of changing the internet and making it better. It was originally founded by Sandeep Nailwal, Jaynti Kanani and Anurag Arjun.
In recent times, Polygon has become more well-known and this is probably down to the value of the token going up. This is called MATIC. For those with some knowledge of blockchain, they will have heard of Polygon and the way it has been able to process transactions off-chain, as well as finish them on the Ethereum chain. Fees are going to be lower and this is something that can make a difference when it comes to a lot of transactions.
Will Polygon Help with the Development of Web3?
Something to note is that there are different projects competing against each other when it comes to web3. They all want to create blockchains that will interconnect different platforms and services. In particular, this is something that Ethereum is associated with and it is the number one player when it comes to development.
But, a name that is rising and becoming associated with Web3 is Polygon. In particular, you are going to see it referred to as a layer 2 solution or sidechain. Indeed, it is able to interact with Ethereum and assist it, taking away some of the pressure. As we have discussed, it is able to reduce fees and make things faster, as well as still offering security when it comes to transactions. As an example of how good Polygon can be, it has processed 7 million transactions per day.
An important collaboration to pay attention to is that between Sensorium and Polygon. In particular, they have made it clear that Polygon will be important for Web3 developments, contributing to the Sensorium Galaxy metaverse. In addition, Polygon is said to be crucial for SENSO dApp. This is a tycoon game that will be play-to-earn and it will involve scouting NFT artists, as well as selling tickets and organizing music events in the metaverse. The purpose of Polygon is to help with technology and allow elements of the app to progress.
In particular, Sensorium probably chose Polygon since there have already been a lot of decentralized apps made there. We are talking about tens of thousands. Indeed, Sensorium wants to benefit from the way Polygon is compatible with Ethereum, as well as its ability to scale and offer security.
What is Web 3.0?
Do you get confused when everyone refers to Web 3.0? This is also referred to as Web3 and it is a third version of the internet. In particular, it is decentralized and its purpose is to offer a more personalized experience for users. In particular, artificial intelligence and machine learning are part of Web3. In addition, blockchain is important for web3.
Ultimately, web3 aims to be so accurate for its users that it can be like asking a real person. In particular, you will get accurate results for almost anything you search for. What’s more, it is no secret that there are big companies that make money from user data. For example, this includes Facebook and Google. But, this will not happen in web3. Instead, people will have more control and in fact, they can be paid for their time.
The key features of web3 are pretty simple. It is going to be open and you can see everything with transparency. What’s more, there is going to be a lot more freedom on the web, which includes trustless data. Ultimately, Web3 is going to mean that the internet is available for everyone and in the same way.
Therefore, it is likely that Polygon will play a big part in the development of Web 3.0. It has grown in popularity and it is clear to see how it works with Ethereum. The partnership with Sensorium is also a huge move and something that is going to make a difference for their products. Before we know it, we are going to have an evolved form of the internet and something that can be better for everyone. This includes having more control, freedom, and abilities. So, let’s see what the future brings and what role Polygon will play.