Why Polygon Launched Fund To Attract Projects From Terra Network
Polygon has launched the Terra Developer Fund to aid projects affected by the LUNA crash. Via its developer arm Polygon studios, the Ethereum scalability solutions will provide projects previous on Terra with financial support. Related Reading | Balenciaga To Accept Bitcoin And Ethereum Payments In The U.S. According to a post via its official Twitter handle, […]
Related News
These efforts are sure to help get many Terra projects back on their feet following last week's devastating events. Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks.In a move that is expected to benefit both the Polygon (MATIC) community and Terra projects, Polygon Studios' CEO Ryan Wyatt tweeted on Monday that Polygon is working with a number of Terra projects to assist them migrating to the....
Projects formerly running on the fallen Terra blockchain have collaborated to help each other migrate over to the Polygon layer-two network. More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by migrating over to Polygon. Polygon Studios CEO Ryan Wyatt expressed delight at his network’s ability to onboard many projects to the ecosystem in a July 9 tweet. He hinted that Polygon’s multimillion-dollar Terra Developer Fund has been effective in attracting the talent that was unexpectedly flung into limbo when Terra collapsed in May.....
Polygon has launched a subdivision called Polygon Studios, and has set up a $100 million fund for NFT gaming projects. Polygon Launches Subdivision With The Aim To Grow NFT Gaming Originally created with the aim of providing a framework for building and connecting Ethereum networks, the Polygon platform has spread its ecosystem wide. Now, Polygon […]
The collapse of algorithmic Terra USD has created many setbacks and distortion in the broader crypto space. The outcome could only be better imagined for most projects running on the platform. Lots of the projects got a direct impact from the stablecoin failure. Some firms like Celsius Network, which offered an 18% interest rate annually […]
Participants of the accelerator program will get funding, mentorship and market exposure through the platform DeFi.org. In a new development for the decentralized finance space, Ethereum scaling platform Polygon has partnered with layer-3 project Orbs to launch a program that supports DeFi builders through the DeFi accelerator platform DeFi.org. In an announcement, Polygon and DeFi.org noted that the program will provide funding opportunities, mentorship and market exposure to chosen projects. Building on Polygon is mandatory for participants in the DeFi.org accelerator round. On the other....