Ethereum (ETH) layer-2 solution Polygon (MATIC) integrates the Simba Chain to scale and build new infrastructure for Web3, according to a new announcement.
Although Polygon is known as a provider of scaling solutions, the new partnership aims to build the next chapter for Web3 and expand the scope of services offered by the Polygon network. The first major development between the two companies is the launch of a white-label NFT marketplace.
With Web3’s growing influence and popularity, major Web2 companies are looking to make the switch, but they’ve been chilled by the hassle of building a decentralized infrastructure from scratch. Simba wants to lower the threshold with its tools and services. The company provides a cloud-based smart contract platform with enterprise-level security for the organization.
Simba Chain is an API development platform aimed at providing Web3 project development infrastructure to Web2 companies. The company aims to lower the barrier to entry for new businesses in the Web3 ecosystem. The Web3 developer platform has also made a name for itself by providing technology solutions to several US defense organizations.
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Aside from the white-label NFT market, Simba and Polygon will work to promote and widely integrate Simba’s metadata registry bridge (MDR), with the goal of enhancing secure digital asset custody solutions through widespread interoperability. Simba Chain CEO and co-founder Joel Neidig told Coin-Crypto:
“Simba gives developers the flexibility to build on any chain and switch chains at any point in the project, as the platform is chain independent.”
This flexibility gives the developer the ability to adapt to the changing demands of a given project without having to rebuild it from scratch, Neidig added.
The Web3 infrastructure provider had raised $25 million in a Series A funding round in September 2021 and has also built several regular partnerships for its NFT marketplace.