Polygon Invests in Hike To Bring Play to Earn Mobile Gaming Platform: Rush Gaming Universe (RGU) to Web 3
Polygon’s scalability will enable a Web2-to-Web3 transition for Hike’s Rush Gaming Universe (RGU); India’s fastest growing play-to-earn platform, which is distributing more than $50m in winnings annually and registering over 100 million gameplays per quarter — all just 12 months since launch.
27th January, New Delhi: Hike is excited to announce that it is bringing the Rush Gaming Universe (RGU) onto Polygon. This announcement came after Hike’s Founder & CEO, Kavin Bharti Mittal shared the vision for Rush Gaming Universe, a new kind of virtual world, a brand new social gaming universe, in a tweet thread last week. Polygon will also be investing in Hike and actively supporting Hike in building its web3 presence.
Speaking on the investment and partnership, Kavin Bharti Mittal, Founder & CEO, Hike said, “We’re entering a new era of gaming, where players will participate in a new kind of game economy where they’re also owners of the networks they help create. Gaming has always been an incredible source of entertainment, a way to bring joy to people’s lives, and now it will also be a means to provide brand new economic opportunities to the world. With Polygon, we’re going to bring The Rush Gaming Universe on-chain in 2022 on top of the vast & vibrant Ethereum ecosystem to deliver on this vision. We’re thrilled to have Polygon join us as investor and partner.”
Sandeep Nailwal, Co-Founder of Polygon, commented: “Web3 gaming is one of the fastest-growing economic sectors ever and has the potential to be an important onramp for the next 1 billion users to come onto crypto. Hike’s Rush Gaming Universe is a hugely exciting development for the Indian market, with global potential beyond that, and we are delighted to be partnering to bring the platform on-chain.”
RGU is currently a mobile-only platform where players can use their skills to battle in India’s favorite casual games to compete & win. The platform has avoided blockchain due to its inherent scalability issues. However, Polygon and its layer-2 scaling solutions remove that bottleneck, enabling fully scalable and cost-effective Web3 mobile gaming platforms to onboard the next 100 million+ non-crypto-native users to the blockchain.
Polygon’s integration and investment look to further this growth by bringing RGU on-chain via the Polygon network. This will allow users to truly own in-game assets — represented by non-fungible tokens (NFTs), enable new Play to Earn & GameFi mechanics allowing users to win more from the games they play.
India has amongst the youngest populations in the world along with deep mobile phone and internet penetration. The youth of the country are incredibly tech savvy and spend a large amount of time online. Leveraging that, RGU is a place of fun & entertainment, where players can use their skills to Play, Compete & Win. In just 12 months from launch, the RGU is now doing $50M in winnings (Gross ARR). The RGU community is battling it out in over 100M gameplays a quarter across 8 of India’s most popular casual games
Having launched 12 months ago on iOS & v1.0 just 9 months ago on Android, Rush Gaming Universe has managed to build one of the largest gaming ecosystems in India. The Rush App is the 1st of 3 pillars of the RGU and in 2022, Hike is excited to double down and BUIDL a decentralized global gaming ecosystem
About Hike and the Rush Gaming Universe:
Hike exists to move the world forward. To challenge the status quo and do the unthinkable. Hike is taking on this mission by building breakthrough and innovative products that bring joy to people and also put the power back in the hands of consumers. With Rush Gaming Universe (RGU), Hike is building a new kind of virtual world, a brand new social gaming universe. A place of fun & entertainment, where players can use their skills to Play, Compete & Win
To stay up to date in real-time on the RGU, follow us on Twitter → https://twitter.com/RushGamingU & join our thriving RGU community on Telegram here https://t.me/rgutokenofficial
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3,000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for your dApp, get started here.
