A virtual world crypto project is significantly outperforming the digital asset markets just as it migrates to Ethereum () layer-2 Polygon (
OrbCity () 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 the time of writing, a San Francisco orbcity neighborhood was last sold for 15 eth, about $24,000.
According to OrbCity, the project is associated with numerous heavy-duty companies in the industry, including Animoca Brands, OKX and Huobi.
Originally built on the blockchain Klaytn (), a public network designed for metavers, gaming and the economy of creators, OrbCity has now moved to Polygon. According to the project, orb holders, the original orbcity token, have already been migrated to the ethereum scaling solution.
Sandeep nailwal, the polygon's co-founder, orbcity shouted-out on twitter to 238,000 followers.
"Orbcity has migrated towards the polygon.
Welcome to the fam!
The polygon is bound to happen!
At the time of writing, ORB is up 300% year-to-date, and 100% in the last seven days as markets react to the Polygon migration.
ORB has $174 million in market capitalization and is currently trading for $0.18.