Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

How DeFi Boom Could Change The Gaming Industry

CryptocurrencyApr 18, 2021 04:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
How DeFi Boom Could Change The Gaming Industry

  • Polygon has partnered with the blockchain gaming platform Firstblood®.
  • The partnership could help drive crypto adoption via gaming.
  • Polygon has invested cash and NFTs towards gaming rewards on Firstblood®.

Polygon has invested in blockchain gaming platform Firstblood® in a move that could take DeFi to the next level. In fact, Polygon has invested $10,000 and several NFTs towards rewards for competitive games played on Firstblood®.

Decentralized finance (DeFi) is an industry that has skyrocketed in recent times. As a result, a variety of new DeFi based projects came to life and numerous existing DeFi projects hit their all-time highs. But, the implications of the DeFi boom do not end here. Numerous industries could benefit from the DeFi boom and one such industry is blockchain gaming.

With more than 2 million active gamers, gaming is one of the most popular industries out there. While traditional gaming has rewards and compensation methods of its own, blockchain-based gaming takes it a step further. Blockchains make it possible for gamers to earn real, tangible benefits in the form of DeFi based tokens and NFTs (non-fungible tokens).

Now, to take blockchain-based gaming to the next level, blockchain scalability platform Polygon has partnered with Firstblood® to bring exciting gaming competitions to esports players around the world.

What is Polygon?

Formerly known as Matic Network, Polygon is a layer-2 solution that brings mass scalability and interoperability to the Ethereum blockchain. It aims to solve some of the major shortcomings of the Ethereum network like delayed transactions, network congestion, high gas fees, and lack of community governance.

Matic Network was previously a side chain solution that used Plasma technology to process transactions off-chain before sending them to the Ethereum mainnet. The revamped Polygon, however, aims to be a full-fledged platform for the development of interoperable blockchains.

Using Polygon, developers can harness the power of existing technology and programming languages to build next-generation blockchain networks. These blockchains can interact with each other without any friction and can be customized to fit the developer’s needs. Polygon has retained its native MATIC token for utility and governance.

Polygon Partners With Firstblood®

Now, in a recent development Polygon has partnered with Firstblood® to bring exciting gaming competitions for esport players from across the globe. This partnership provides a way for esport players to earn tangible rewards by excelling in the popular games of today.


Firstblood® is the world’s first esports and gaming platform powered by blockchain. It aims to empower esport players by incentivizing them to play on their platform. The Dawn Protocol created by Firstblood® makes it possible for gamers to challenge each other to compete on-field and earn rewards. The Dawn token is used for paid gaming on the Firstblood® platform. Firstblood® has managed to garner attention from professional gamers and enthusiasts around the world and it already has over 120,000 active monthly users.

What Does This Partnership Mean for the Blockchain Gaming Industry

This partnership between Firstblood® and Polygon could be a game-changer for the emerging blockchain gaming industry. To commemorate this partnership, Polygon is investing $10,000 and several NFTs into the Firstblood® platform’s prize pool. This means that gamers from across the globe will be able to participate in the esport tournaments conducted by Firstblood® to earn direct rewards in the form of NFTs. The scalability and interoperability provided by Polygon will make it possible for the platform to cater to millions of existing and emerging gamers without any friction.

This very partnership could fuel the adoption of blockchain technology among traditional gamers. As Joe Zhou, Co-Founder and CEO of Firstblood® believes,

Polygon network is a leading PoS side chain that empowers gaming use cases within the blockchain. With this partnership, we look forward to exploring the solutions offered by Polygon to engage more traditional gaming users from AAA titles.

Final Thoughts

While blockchain gaming is still an emerging industry, it seems to have a bright future. In fact, all gaming in the near future could be blockchain-based. This is because the gap between in-game assets and actual financial assets is blurred on the blockchain. In-game assets could be converted into NFTs and prove to have actual monetary value in the world outside. These monetary rewards could attract more and more mainstream gamers towards blockchain gaming and the partnership of Polygon and Firstblood® could be the step in the right direction.

This article was first published on

Continue reading on CoinQuora

How DeFi Boom Could Change The Gaming Industry

Related Articles

Ethereum and Ethiopia: New Twitter Meme Burst
Ethereum and Ethiopia: New Twitter Meme Burst By DailyCoin - Jul 24, 2021

What better way to give someone a slap in the face than by providing grounds for ridicule in meme form? That is what Jack Dorsey supposedly did with his tweet “#eth...

The B-Word: Conference Recap
The B-Word: Conference Recap By DailyCoin - Jul 24, 2021

Jack Dorsey, Elon Musk, and Cathie Wood participated in the B-Word conference organized by the Crypto Council Of Innovation. Elon Musk recovered his crypto community image...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Steve Jabo
Steve Jabo Apr 18, 2021 4:18AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Holy smokes this is poorly written.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email