Please enter CoinGecko Free Api Key to get this plugin works.

Polygon joins Simba Chain to aid in the scalability of Ethereum and infrastructure development

Simba intends to lessen the barrier to entry for Web2 enterprises into Web3 by providing key development tools on a decentralized platform.

Layer-2 solution for Ethereum (ETH) According to a new announcement, Polygon (MATIC) is integrating the Simba Chain in order to grow and construct new infrastructure for Web3.

While Polygon is well-known as a scaling solution provider, the new cooperation intends to write the next chapter for Web3 and expand the Polygon network’s service offering. The two firms’ first substantial collaboration will be the introduction of a white-label NFT marketplace.

With Web3’s expanding influence and popularity, many Web2 companies are considering making the switch, but have been put off by the effort of developing a decentralized infrastructure from scratch. Simba’s tools and services are aimed at lowering the barrier. The company provides an enterprise-grade smart contract platform that is cloud-based.

Simba Chain is an API development platform focusing on providing Web2 organizations the infrastructure for Web3 project development. The company’s mission is to lessen the entrance barrier for new businesses into the Web3 ecosystem. Additionally, the Web3 developer platform has established a reputation for providing technology solutions to a number of United States defense entities.

Apart from the white-label NFT marketplace, Simba and Polygon will collaborate to promote and expand the use of Simba’s metadata registry bridge (MDR), with the goal of enhancing the security of digital asset custody solutions through increased interoperability. Joel Neidig, CEO and co-founder of Simba Chain, stated:

“Simba provides developers the flexibility to build on any chain and to change chains at any point in the project, as the platform is chain agnostic.”

This adaptability enables the developer to respond to changing project requirements without having to completely rebuild, Neidig remarked.

The Web3 infrastructure provider earned $25 million in a Series A fundraising round in September 2021 and has also established several mainstream agreements for its NFT marketplace.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

Leave a Comment

Your email address will not be published. Required fields are marked *


Recent Posts

Follow Us