IOI announced partnership with Matic

The IOI company announced this Tuesday, February 2, through its Twitter account, the association with Matic Network, a company dedicated to improving scalability in transactions through blockchains.

Image about the announcement made by IOI on Twitter

IOI explained through an article published on its website that this association is due to the boom that NFTs, or cryptographic collectibles, have had in recent months. “NFTs became the main focus for us in the development of new games and at IOI Corporation we believe that we have to set new trends,” the company said.

Read also: Algorand Europe Accelerator launches accelerator program for blockchain startups.

In his opinion, Matic “is one of the best solutions on the market that can follow security and scalability elements today”, since according to IOI decentralized applications are making enormous progress, but “the current blockchain ecosystem is not ready to scale according to demand”.

Association benefits

  • NFT on the Matic network with low transaction fees
  • Users can deposit and play IOI games using Matic
  • Custom car NFT minted.

In addition to the results described above and expected by the company, IOI explained that the Matic network “brings massive scale to Ethereum using a lean version of Plasma with Proof of Stake-based sidechains,” so “it will be the chain of trunk blocks” for the new Trade Race Manager game, including NFT management support.

But why Matic?

Matic is a company that aims to change slow block confirmations and high gas rates, for a faster and lower-cost system, along with simplifying the interaction between users and the decentralized world.

Image on Matic website

“We want the interaction with the decentralized ecosystem to be so easy that anyone can do it without worrying about the complexity of the system”, is what the company explains on its website.

Matic Network solves the aforementioned problems by building a decentralized platform using an adapted version of the Plasma framework, which provides a solution for faster and extremely low-cost transactions for main chain purposes.

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