Polygon August Adrenaline Series — LABS Group
Polygon has been one of the fastest-growing Dapp platforms for Ethereum scaling, rapidly becoming the de-facto standard for DeFi, NFTs, and Blockchain Gaming with 500+ Dapps, ~7M daily txns, and 1.8M+ unique wallets.
The rise of gaming on Polygon has been especially noticeable, with more than 100,000 blockchain gamers on Polygon and top Web 3 games, and LABS is one of them.
This tight-knit and exponentially growing gamer community is what led to the creation of Polygon Studios: a brand new arm at Polygon that is focused on growing the global Blockchain Gaming and NFT Industry, and bridging the gap between Web 2 and Web 3 gaming.
Introducing Polygon August Adrenaline: an initiative to highlight and get to know the Gaming & NFT projects on Polygon a little better!
The next project in this series is LABS Group !
Please tell us more about your project and your team.
LABS is a digitized real estate investment ecosystem that is powered by blockchain and the community. The ecosystem, aiming to redefine the real estate investment sector, includes a crowdfunding and trading platform, a collateralized lending platform, and NFT reward solutions on resorts and hotels. Using the LABS platform, developers can easily tokenize and fractionalize their real estate, allowing them to sell or trade it. LABS Group is redefining the real estate industry, making it more accessible to everyone.
The LABS team and advisors consist of a perfect combination of traditional business and blockchain experts. Our team and advisers come from prominent HK families, real estate, funds, hotels, publicly listed companies, lawyers, venture capital, blockchain and board members from multiple fortune 500 companies.
Please find more on LABS Whitepaper: https://labsgroup.io/wp-content/uploads/2021/07/LABS-Whitepaper.pdf
Where are you in the hype cycle for gaming and NFT’s?
NFT technology is not just a fad, you can see the whole industry is rising towards the upstream of ‘plateau of productivity’. After the peak of inflated expectations, as a blockchain-based real estate investment platform, we are actively developing various possibilities of NFT utility and innovative potentialities while pegging real estate assets with NFT.
Many possibilities that are yet to be imagined. NFT technology could change the whole property market by attaching real estate ownership or staying right to define the owner’s right legally without any traditional middle man.
Who are some thought leaders you follow in the space?
Vitalik Buterin, Founder of ETH
Mr. Sandeep Nailwal, Founder of Polygon
What are some best ways for newbies to get up to speed in space?
Do your own research, read more,
Invest rationally, evaluate your own risks, diversity your portfolio with different products.
Play what you can lose and focus on the long run.
What is one thing that most people don’t know about your project?
LABS is different from a lot of Blockchain projects.
- LABS Group innovates the real estate sector and changes the way people invest in properties in a better and more efficient way with blockchain technology.
- Integrating traditional assets to blockchain technology, to cut out the middlemen and bring extra value to investors and allow everyday people to invest in the best asset class — real estate.
- Breaking the geographical barrier and making cross-border real estate investment easy
- Solve illiquidity issues and reduce cost of investment.
Why did you choose to build on Polygon?
Polygon can provide the security and stability of the Ethereum network without the high gas fees, which makes it more cost efficient and cost effective. The speed of transactions on the Polygon network is much higher than Ethereum, allowing to run ethereum transactions in a faster, more scalable way. This is achieved by making the transactions less data intensive. All these features are essential to make LABS Group a more decentralized and community-driven project.
About Polygon Studios
Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing, and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT Dapps like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games.
If you’re a game developer, builder, or NFT creator looking to join the Polygon Studios ecosystem, get started here.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.