Metaverse Crypto Venture Skyrockets Over 100% in a Week As It Migrates to Polygon (MATIC) Community

A digital world crypto undertaking is considerably outperforming the digital asset markets simply because it migrates to Ethereum (ETH) layer-2 Polygon (MATIC).

OrbCity (ORB) is a decentralized digital world the place customers can discover and management their very own cities utilizing a number of tokens and NFTs (non-fungible tokens).

Districts in main cities like Zurich, Cape City or Bangkok might be bought on NFT market Opensea. At time of writing, one OrbCity neighborhood in San Francisco was final bought for 15 ETH, about $24,000.

Based on OrbCity, the undertaking is partnered with many trade heavyweights, together with Animoca Manufacturers, OKX and Huobi.

Initially constructed on the Klaytn (KLAY) blockchain, a public community designed for the metaverse, gaming and the creator financial system, OrbCity has now migrated to Polygon. Based on the undertaking, holders of ORB, OrbCity’s native token, have already been migrated to the Ethereum scaling answer.

Sandeep Nailwal, co-founder of Polygon, gave OrbCity a shout-out on Twitter to his 238,000 followers.

“OrbCity migrated to Polygon.

Welcome to the fam!

Polygon is inevitable!”

At time of writing, ORB is up 300% because the begin of the yr, and 100% previously seven days because the markets react to the Polygon migration.

ORB has a market cap of $174 million and is at present buying and selling for $0.18.