It has been reported that while Polygon is known to be a scaling solution provider, the new integration aims to build the next chapter for Web3 and expand the scope of services offered by the Polygon network.
However, SIMBA Chain will utilize the full-stack scaling solution as the go-to infrastructure to build and run custom, white-label nonfungible token (NFT) Marketplaces for their customers. With the growing influence and popularity of Web3, major Web2 firms are looking to make the shift, but many get cold feet due to the hassle of building a decentralized infrastructure from scratch.
The report said that Simba aims to lower the barrier with its tools and services. The company offers a cloud-based smart contract platform with enterprise-level security for the organization. Simba Chain is an API development platform focused on offering infrastructure for Web3 project developments to Web2 companies.
Likewise, the firm aims to lower the barrier of entry for new firms in the Web3 ecosystem. The Web3 developer platform has also made a name for itself by offering technology solutions to several United States defense organizations. Aside from the white-label NFT marketplace, Simba and Polygon will work to promote and widely integrate Simba's metadata registry bridge (MDR) with the goal of improving safe digital asset custody solutions through widespread interoperability.
Bryan Ritchie, the CEO of Simba Chain, said:
"Simba provides developers the flexibility to build on any chain and to change chains at any point in the project, as the platform is chain agnostic."
Ritchie added that this flexibility gives the developer the ability to adapt to changing requirements of a given project without having to entirely rebuild.
Thus, the Web3 infrastructure provider had raised $25 million in September 2021 in a Series A funding round and has built several mainstream partnerships for its NFT marketplace as well.