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Reading: Moonveil announces a new node sale and reveals a $2 million investment from Polygon Labs
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Mycryptopot > News > Crypto > Blockchain > Moonveil announces a new node sale and reveals a $2 million investment from Polygon Labs
Blockchain

Moonveil announces a new node sale and reveals a $2 million investment from Polygon Labs

October 17, 2024 3 Min Read
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Moonveil announces a new node sale and reveals a $2 million investment from Polygon Labs

Moonveil, a gaming-centric Layer-2 (L2) blockchain platform, has introduced an upcoming node sale in addition to a $2 million funding from Polygon Labs, as disclosed to Finbold on Thursday, October 10.

Beginning October 22, 50,000 nodes shall be obtainable on the market to the Moonveil neighborhood.

Polygon Labs investments into Moonveil

Of the $2 million invested, Polygon Labs has dedicated $1 million to drive the expansion of AggLayer-integrated tasks inside the Moonveil ecosystem.

Constructed on Polygon CDK, Moonveil’s new L2 community integrates with AggLayer to boost cross-chain capabilities and provides blockchain builders an opportunity to discover new alternatives in Web3 gaming.

Marc Boiron, CEO of Polygon Labs, mentioned the significance of Moonveil nodes in Polygon’s future, stating:

“Moonveil’s progressive method to Web3 gaming aligns with Polygon Labs’ imaginative and prescient for the way forward for blockchain. By supporting Moonveil nodes, we’re reinforcing our dedication to advancing the subsequent period of gaming by means of ZK-powered know-how and seamless interoperability, enabling true possession and extra empowering, interconnected experiences for gamers.”

Moonveil’s CEO, MJ, likewise emphasised the importance of the funding:

“This funding is a testomony to the potential of what we’re constructing, reflecting the place web3 gaming has come from and the place it’s now headed. With this incredible assist from Polygon Labs, we are able to turbocharge our mission to create a gaming world by which gamers and builders are capable of thrive. I imagine the expansion of our builder grants program will assist catalyze innovation and entice high builders to Moonveil.”

The Moonveil node sale

Moonveil nodes shall be offered in two phases: a Whitelist Spherical will happen on October 22, and a Public Spherical will go stay on October 24.

Customers can earn a whitelist spot by taking part in numerous Moonveil occasions, similar to campaigns, Ask Me Something classes (AMAs), and accomplice actions.

The Nodes will play a vital position in platform decentralization, aiding in Knowledge Availability, Proof Verification, and Transaction Sequencing.

Node activation is scheduled for Q1 2025, with 25% of tokens unlocking after the token-generation occasion (TGE) and 70% vesting over three years.

The remaining 5% shall be allotted for neighborhood rewards after TGE.

The brand new Layer-2 community will assist each first- and third-party video games, using zero-knowledge (ZK)-powered know-how to supply avid gamers unparalleled experiences.

Moonveil has additionally revealed plans for an L2 testnet backed by Polygon CDK and AggLayer, which can allow sooner and safer Web3 gaming growth.

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