Ethereum (ETH) started the obsession with non-fungible tokens (NFTs), but it turns out that engraving and trading NFTs while implementing the concept of larger projects or integrating them into the metaverse and other ecosystems, may not be possible due to higher gas taxes, especially when there are several viable alternatives.
OVR, a decentralized augmented reality (AR) project based on NFTs, recently decided to migrate from Ethereum to Polygon (MATIC) – a Layer 2 chain that ensures greater flexibility and flexibility.
Decentralized AR Experience
OVR started as an open source AR platform based on Ethereum that allows users with a mobile device or smart glasses to interact with the real world through AR experiences. The platform has recently integrated the concept of the metaverse, with plans to build a community-owned version of the 3D virtual world as an alternative to Meta, formerly known as Facebook, which imposes its own way.
OVR is proposing a new standard in augmented reality experiences by positioning itself as the first content browser where users don’t choose content, but the world sends possible experiences based on their geographic location.
With OVR, users can easily create 3D content in meta verse, own the space where content is hosted in the form of NFTs, and place it anywhere in the world. To this end, OVR is building a global nation represented by open augmented reality measuring devices powered by Web 3.0.
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Thanks to a recent partnership with Threedium, an award-winning 3D and AR platform, users can create and order stunning 3D objects in OVR meta mode.
The personally assigned OVR team to the physical world, which launched one year after the project was launched, has already sold more than 750,000 units called OVRLands. There are over 8,500 OVRLand owners as of today, which indicates that the project is growing very rapidly and has managed to reach half the size of the Sandbox, one of the most popular metaverse projects.
The augmented reality ecosystem is fed by two types of tokens:
OVRLand, which are NFTs that represent plots dedicated to the physical world.
OVRToken – is a redeemable token that allows users to access a number of operations within the ecosystem, such as purchasing OVRLand, participating in the management process, storing contracts and withdrawing liquidity, purchasing products on the OVR marketplace, etc.
OVR has experienced tremendous growth in recent months, as more and more augmented reality enthusiasts and enthusiasts are realizing the great value this ecosystem offers. To meet the increased demand and activity, the platform decided to address the expansion by moving to Polygon, a process that begins in January.
The team behind the OVR project analyzed several alternatives before validating the move to Polygon, formerly known as Matic. The choice to integrate with this Layer-2 chain was based on several factors, including:
The trade-off between decentralization and project vision
Convergence with the Ethereum ecosystem and compatibility with EVM
OVRToken holders can use the official Polygon bridge to transfer their ERC-20 tokens from Ethereum to Polygon and back. OVR UX will not change after this step. For the core market, users will be able to buy from Ethereum, Binance Smart Chain (BSC), and Polygon using OVR tokens.
Polygon connects blockchains and decentralized applications (DApps) to Ethereum via side chains. When using Ethereum via the Polygon layer, transactions are settled instantly, while gas fees are virtually non-existent.
OVR’s decision to switch to Polygon is expected to accelerate expansion of the metaverse, which is already growing at a rapid pace.