Polygon

Moonveil, a gaming-focused layer-2&nbsp;has disclosed a significant investment from Polygon Labs as well as information about their impending node sale. The Moonveil community will have access to 50,000 nodes beginning on October 22.
$1&nbsp;million of the investment&nbsp;will be used to quicken the development of AggLayer-related initiatives in Moonveil’s quickly growing gaming ecosystem. Built on Polygon CDK, Moonveil’s recently released Layer-2 will also integrate with the AggLayer to provide a smooth cross-chain link that opens up new gaming&nbsp;innovation possibilities.
Polygon Labs CEO Marc Boiron stated:
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 “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.”
</blockquote>
Moonveil CEO MJ stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “This investment is a testament to the potential of what we are building, reflecting where web3 gaming has come from and where it’s now headed. With this fantastic support from Polygon Labs, we can turbocharge our mission to create a gaming world in which players and developers are able to thrive. I believe the growth of our builder grants program will help catalyze innovation and attract top developers to Moonveil.”
</blockquote>
Through a two-phase launch that includes a Whitelist Round on October 22 and a Public Round on October 24, 50,000 nodes are made available to the&nbsp;public. Through participation in AMAs, Moonveil campaigns, and partner initiatives, applicants may get a seat on the whitelist.
Moonveil Nodes will be in sync with Polygon CDK’s Gitbook updates and will be essential to the platform’s gradual decentralization approach. Operators of nodes will aid in the decentralization of transaction sequencing, proof verification, and data availability.
While node activation is planned for Q1 2025, 25% of the tokens held by node operators will be unlocked after the TGE, with the remaining 70% to be dispersed over a three-year period. Community rewards&nbsp;with a 5% reserve have been scheduled to begin soon after the TGE.
With its ZK-powered network, Moonveil’s L2 will enable games from both proprietary and third-party developers, offering players experiences that are unmatched.

Moonveil Secures $2M Investment from Polygon Labs, Announces 50,000 Node Sale

TheNewsCrypto

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