Moonveil Rolls Out Node Sale Fueled By $2 Million Backing From Polygon Labs
In Brief
Moonveil has revealed the specifics of its upcoming node sale, alongside news of a significant $2 million investment from Polygon Labs.
Layer 2 network designed for gaming, Moonveil unveiled details regarding its next node sale, along with a $2 million investment announcement from Polygon Labs According to their announcement, the Moonveil community will have access to 50,000 nodes starting from October 22nd.
"Moonveil’s groundbreaking approach to web3 gaming aligns perfectly with the vision of Polygon Labs for the future of blockchain technology,\" commented Marc Boiron, CEO of Polygon Labs, in an official statement. \"By backing Moonveil nodes, we are affirming our dedication to advancing the next generation of gaming using zk-powered technologies and ensuring seamless interoperability, which will enable genuine ownership and promote more empowering, interconnected player experiences,\" he stated.
The investment includes $1 million earmarked to bolster the development of projects linked to AggLayer within Moonveil's gaming ecosystem. Furthermore, the Layer 2 network, constructed on the Polygon CDK, will integrate AggLayer to create an efficient cross-chain connection, unlocking new opportunities for innovation within the gaming industry.
"This investment underscores the immense potential of what we're constructing and illustrates the evolution of web3 gaming,\" remarked MJ, CEO of Moonveil, in a formal statement. \"With this outstanding support from Polygon Labs, we can supercharge our goal of crafting a gaming universe where both players and developers can flourish. I believe that our growing builder grants program will be a catalyst for innovation, attracting top-tier developers to Moonveil,\" he added.
Moonveil Plans to Launch 50,000 Nodes for Sale, Aiming for Node Activation in Q1 2025
A total of fifty thousand nodes will be released to the public via a two-phase launch, beginning with a Whitelist Round on October 22nd followed by a Public Round on October 24th. Interested applicants can secure a whitelist spot by engaging in Moonveil initiatives, AMAs, and partner-led campaigns.
These nodes are pivotal to Moonveil's strategy for progressive decentralization and will align with updates from the Gitbook associated with Polygon CDK. Node operators will play a key role in decentralizing crucial components such as Data Availability, Proof Verification, and Transaction Sequencing.
Node activation is projected for Q1 2025; however, 25% of the tokens allocated for node operators will become accessible after the Token Generation Event (TGE). The remaining 70% will be distributed over a span of three years, while an additional 5% is set aside for community rewards, which will commence shortly after the TGE.
Moonveil is a gaming ecosystem crafted by a team of experienced professionals from both the gaming and blockchain industries. Since its founding in 2022, Moonveil has successfully raised $9 million from notable investors, including Gumi Cryptos, Spartan Group, HashKey Capital, and Animoca Ventures, to name a few.
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