Moonveil announces a new node sale and reveals a $2 million investment from Polygon Labs 
Cryptocurrency Oct 10, 2024 Share
Moonveil, a gaming-centric Layer-2 (L2) blockchain platform, has announced an upcoming node sale as well as a $2 million investment from Polygon Labs, as disclosed to Finbold on Thursday, October 10.
Starting October 22, 50,000 nodes will be available for sale to the Moonveil community.
Polygon Labs investments into Moonveil
Of the $2 million invested, Polygon Labs has committed $1 million to drive the growth of AggLayer-integrated projects within the Moonveil ecosystem.
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Built on Polygon CDK, Moonveil’s new L2 network integrates with AggLayer to enhance cross-chain capabilities and give blockchain developers a chance to explore new opportunities in Web3 gaming.
Marc Boiron, CEO of Polygon Labs, discussed the importance of Moonveil nodes in Polygon’s future, stating:
“Moonveil’s innovative approach to Web3 gaming aligns with Polygon Labs’ vision for the future of blockchain. By supporting Moonveil nodes, we are reinforcing our commitment to advancing the next era of gaming through ZK-powered technology and seamless interoperability, enabling true ownership and more empowering, interconnected experiences for players.”
Moonveil’s CEO, MJ, likewise emphasized the significance of the investment:
“This investment is a testament to the potential of what we are building, reflecting where web3 gaming has come from and where it’s now headed. With this fantastic support from Polygon Labs, we can turbocharge our mission to create a gaming world in which players and developers are able to thrive. I believe the growth of our builder grants program will help catalyze innovation and attract top developers to Moonveil.”
The Moonveil node sale
Moonveil nodes will be sold in two phases: a Whitelist Round will take place on October 22, and a Public Round will go live on October 24.
Users can earn a whitelist spot by participating in various Moonveil events, such as campaigns, Ask Me Anything sessions (AMAs), and partner activities.
The Nodes will play a crucial role in platform decentralization, aiding in Data Availability, Proof Verification, and Transaction Sequencing.
Node activation is scheduled for Q1 2025, with 25% of tokens unlocking after the token-generation event (TGE) and 70% vesting over three years.
The remaining 5% will be allocated for community rewards after TGE.
The new Layer-2 network will support both first- and third-party games, utilizing zero-knowledge (ZK)-powered technology to offer gamers unparalleled experiences.
Moonveil has also revealed plans for an L2 testnet backed by Polygon CDK and AggLayer, which will enable faster and more secure Web3 gaming development.
