Crypto projects in the virtual world are moving to Ethereum (ETH) Layer 2 Polygon (MATIC) while significantly outstripping the digital asset market.
OrbCity (ORB) is a decentralized virtual world that allows users to explore and control their city using multiple Tokens and NFTs (Non-Fungible Tokens).
Districts in major cities such as Zurich, Cape Town and Bangkok can be purchased on the NFT Marketplace high seasAs of this writing, one of San Francisco’s OrbCity neighborhoods was last sold for 15 ETH, approximately $24,000.
According to OrbCity, the project has partnered with a number of industry giants, including Animoca Brands, OKX and Huobi.
OrbCity was built on the Klaytn (KLAY) blockchain, a public network designed for the metaverse, games and creator economy, and is now moving to Polygon. According to the project, owners of OrbCity’s native token, ORB, have already migrated to the Ethereum scaling solution.
Polygon co-founder Sandeep Nailwal Gave OrbCity thanks 238,000 followers on Twitter.
“OrbCity has moved to Polygon.
Welcome to the family!
Porygon is inevitable! ”
At the time of writing, ORB is up 300% year-to-date and is up 100% in the last seven days as the market reacts to Polygon’s move.
ORB has a market cap of $174 million and is currently trading at $0.18.
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