TagSpace, a metaverse platform that provides real-world, mixed reality experiences for festivals, huge events, and city exploration, has selected Polygon as its Web3 entry point.
The metaverse platform aims to tap the power of blockchain technology to let users create, share, and monetize their own experiences.
With Polygon’s environmentally-friendly chain, tagSpace users can do so while enjoying low transaction fees, high processing speeds, and the security of the Ethereum mainnet.
TagSpace allows developers to create location-based AR experiences for navigation, real-time information, and brand interaction using a drag-and-drop interface with no scripting necessary.
The tagStudio, tagPlace, tagLytics, and tagSpace suite of solutions may improve any visitor experience, including sightseeing tours, information and graphics for festivals and stadiums, and interactive touch points at exhibits and corporate events.
End users may filter location-based AR tag material by category to get the most relevant information, save and collect intriguing tags, and build themed experiences to share and sell.
Polygon Showing Market Dominance in Web3
Time after time, the layer-2 blockchain based on Ethereum shows that it is one of the top blockchains for Web3 projects.
Polygon counts with several high-profile partnerships with well-known companies.
On top of that — Polygon, the world’s most popular Web3 developer platform, has been used to create over 37,000 decentralized apps (dApps).
The number of monthly active teams on the Polygon PoS chain, the most direct metric of developer engagement, surpassed 11,800 at the end of July, up from slightly over 8,000 in March. Many projects are opting to develop entirely on Polygon. According to Alchemy statistics, 74% of teams integrated solely on Polygon, while 26% deployed on both Polygon and Ethereum. On the chain, a single team might have many dApps.
Polygon, being a Layer 2 protocol, does not seek to imitate Ethereum’s capabilities. Instead, it helps developers enhance transaction speeds and reduce costs, which is one of the greatest factors for Polygons’ large adoption.
The blockchain is also one of the fastest in the market today. Capable of processing up to 7,000 transactions per second, Polygon ranks among the fastest blockchains out there.