Moonwheel publicizes node sale, reveals $2 million funding from Polygon Labs – CoinJournal

• Polygon Labs has invested $2M in Moonwheel to broaden its cross-chain gaming ecosystem.
• Moonwheel will launch 50,000 nodes beginning October 22, with activation within the first quarter of 2025.
• Node operators will contribute to community decentralization and information verification.

Gaming-focused layer-2 blockchain platform Moonwheel has introduced particulars of its upcoming node sale and revealed a big $2 million funding from Polygon Labs.

The funding goals to broaden Moonwheel’s interoperable gaming ecosystem, which is about to revolutionize the Web3 gaming house by integrating with Egglayer for seamless cross-chain gaming experiences.

Moonwheel to launch 50,000 nodes in October

Beginning on October twenty second, Moonwheel will launch 50,000 nodes, which will likely be accessible in two phases. The primary part, the whitelist spherical, will start on October 22, adopted by the general public spherical on October 24.

individuals can safe their whitelist spots by attending Moonwheel’s campaigns, AMA classes, and occasions with its companions.

Node operators will play a key position in Moonwheel’s progressive decentralization technique, contributing to key community features equivalent to information availability, proof verification, and transaction indexing.

Whereas node activation is scheduled for Q1 2025, 25% of node operators’ tokens will likely be unlocked after the Token Era Occasion (TGE), with the remaining 70% distributed over three years.

Polygon Labs CEO Marc Boiron emphasised how Moonwheel’s imaginative and prescient aligns with Polygon’s targets for the way forward for blockchain. “By supporting Moonwheel nodes, we’re reinforcing our dedication to driving the following period of gaming by ZK-powered know-how and seamless interoperability,” Boiron mentioned.

Egglayer associated initiatives throughout the Moonwheel ecosystem

Of the full funding, $1 million will likely be particularly allotted to fast-track Egglayer-connected initiatives that foster progress and innovation throughout the Moonwheel ecosystem.

Moonwheel’s layer-2 community, constructed on Polygon’s CDK (chain growth equipment), will combine with Egglayer, unlocking cross-chain connections which might be anticipated to redefine the gaming panorama.

Moonwheel is backed by a staff of veterans from main gaming firms like Riot Video games, FunPlus, and NetEase. With expertise with standard titles like League of Legends and Minecraft, the Moonwheel staff is targeted on growing top-tier, ZK-powered merchandise that help each proprietary and third-party video games.

The transfer establishes Moonveil as a key participant in shaping the way forward for web3 gaming, combining blockchain know-how with immersive gaming experiences.