Metaverse Crypto Project Skyrockets Over 100% In One Week As It Migrates To Polygon (MATIC) Network

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A virtual world crypto project is significantly outperforming 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).

Neighborhoods in major cities like Zurich, Cape Town or Bangkok can be purchased on the NFT Opensea market. At the time of writing, a neighborhood in OrbCity in San Francisco was last sold for 15 ETH, or around $24,000.

According to OrbCity, the project is in partnership 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 creator economy, OrbCity has now migrated to Polygon. According to the project, holders of ORB, the native token of OrbCity, have already been migrated to the Ethereum scaling solution.

Sandeep Nailwal, co-founder of Polygon, paid tribute to OrbCity on Twitter to his 238,000 followers.

“OrbCity has migrated to Polygon.

Welcome to the family !

The polygon is inevitable!

As of this writing, ORB is up 300% year-to-date and 100% over the past seven days as markets react to the Polygon migration.

ORB has a market capitalization of $174 million and is currently trading at $0.18.

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Feature image: Shutterstock/Vadim Sadovski/Sensvector/Voar CC

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