REVV MOTORSPORT INTEGRATES POLYGON INTO ITS ECOSYSTEM
Transaction times and high gas fees are painfully familiar to anyone who interacts with Ethereum-based games. In the past few months, as the price of ETH has increased, these have become a concern for players, and Revv Motorsport is working to resolve them. Today the F1® Delta Time will use the polygon chain.
WHAT THIS MEANS FOR F1® DELTA TIME AND REVV
One of the most exciting parts of the partnership with Polygon is that REVV will connect to the Polygon chain. This means that if individuals have REVV on the Ethereum blockchain, they can use a bridge to transfer the same amount of REVV to Polygon. REVV on Polygon can be used in the same way as on Ethereum. It can be used to buy game tests and NFT. There is also an exit bridge, which means that any REVV you earn with Polygon can be transferred back to Ethereum.
For F1® Delta Time, in particular, the conversion to Polygon minimizes transaction fees and makes your play-to-earn experience much more efficient. This update will benefit players by providing faster transactions and much lower fees for in-game promotions such as unlocking and future staking systems.
WHAT TO EXPECT NEXT
Polygon integration is not an easy task. As Polygon plans to join REVV, the solution offered to users must be secure and robust. The first step will take in the coming weeks to activate the REVV bridge and support key 2020 openings in the polygon chain. As with REVV, NFTs can be connected between Polygon and Ethereum. This means that an open switch can print Polygon NFTs that can be sold on Ethereum.
In this way, REVV can switch to a fully automated reward claim system. Not all rewards are coming out of nowhere, and players sometimes have to wait to get them. With the new authorization system, players can receive their rewards instantly. It will also allow the multiplayer system’s efficient implementation by bringing more aspects of the game into the chain and providing a level of trust and transparency.
In addition to F1® Delta Time, other aspects of the REVV Motorsport platform will use Polygon.
The Polygon Network is a Layer 2 scaling solution that manages to scale the Plasma framework and a decentralized PoS validator network (Proof-of-Stake) using sidechains for off-chain computing, ensuring asset security.
The Polygon Network aims to solve some of the problems associated with existing blockchain platforms, including high transaction fees and long transaction times.
REVV is the primary utility token and in-game currency for branded motorsport blockchain game titles produced by Animoca Brands, such as the F1® Delta Time blockchain game platform. It was launched in the fourth quarter of 2020.
F1® Delta Time and MotoGP games’ motorsport experiences are linked by the sharing economy enabled by the REVV token. The REVV token is designed to buy, earn, and share currency in F1® Delta Time and MotoGP and could potentially be used for other future games.
REVV is designed to take advantage of the concept of blockchain asset interoperability, where one token can be used for multiple connected products. A multi-game utility coin provides a variety of benefits to gamers and game publishers and encourages gamers to explore other parts of this interconnected ecosystem; With the additional potential benefit that content or tokens can grow as useful tokens in the largest coin — The ecosystem is expanding.