Metaverse Crypto Project Skyrockets Over 100% in a Week As It Migrates to Polygon (MATIC) Network

A vir­tu­al world cryp­to project is sig­nif­i­cant­ly out­per­form­ing the dig­i­tal asset mar­kets just as it migrates to Ethereum (ETH) layer‑2 Poly­gon (MATIC).

OrbC­i­ty (ORB) is a decen­tral­ized vir­tu­al world where users can explore and con­trol their own cities using mul­ti­ple tokens and NFTs (non-fun­gi­ble tokens).

Dis­tricts in major cities like Zurich, Cape Town or Bangkok can be pur­chased on NFT mar­ket­place Opensea. At time of writ­ing, one OrbC­i­ty neigh­bor­hood in San Fran­cis­co was last sold for 15 ETH, about $24,000.

Accord­ing to OrbC­i­ty, the project is part­nered with many indus­try heavy­weights, includ­ing Ani­mo­ca Brands, OKX and Huobi.

Orig­i­nal­ly built on the Klaytn (KLAY) blockchain, a pub­lic net­work designed for the meta­verse, gam­ing and the cre­ator econ­o­my, OrbC­i­ty has now migrat­ed to Poly­gon. Accord­ing to the project, hold­ers of ORB, OrbCity’s native token, have already been migrat­ed to the Ethereum scal­ing solution.

Sandeep Nail­w­al, co-founder of Poly­gon, gave OrbC­i­ty a shout-out on Twit­ter to his 238,000 followers.

“OrbC­i­ty migrat­ed to Polygon.

Wel­come to the fam!

Poly­gon is inevitable!”

At time of writ­ing, ORB is up 300% since the start of the year, and 100% in the past sev­en days as the mar­kets react to the Poly­gon migration.

ORB has a mar­ket cap of $174 mil­lion and is cur­rent­ly trad­ing for $0.18.

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Fea­tured Image: Shutterstock/Vadim Sadovski/Sensvector/Voar CC