By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Crypto > Polygon Labs Announces $85M Grant for Web3 Talent
Crypto

Polygon Labs Announces $85M Grant for Web3 Talent

News Room
Last updated: 2023/11/09 at 1:04 PM
By News Room
Share
3 Min Read
SHARE
Polygon Labs launches major funding to draw blockchain developers. Image by akif, Adobe Stock.

On Thursday, Ethereum scaling solution Polygon Labs announced the launch of an $85 million grant program with the goal of attracting top Web3 talent to build on its network. The initiative will provide funding and support to promising projects across decentralized finance (DeFi), gaming, social media, identity solutions, and more.

Contents
Polygon Labs to Expand Ecosystem with GrantsFund Seeks to Attract Web3 Talent

Polygon Labs to Expand Ecosystem with Grants


The grant program, offering up to $1.55 million per project, represents Polygon’s latest push to expand its ecosystem of over 7,000 decentralized applications.

Polygon Village is back, shinier, and better than ever.

With a grant program of more than 110 million in MATIC, deep mentoring, and ecosystem support, Village is the home for web3 founders.

Because it takes a village to build a unicorn.https://t.co/xoHG7LgjQG

A quick tour 🧵 pic.twitter.com/ck0SYf4Eb0

— Polygon (Labs) (@0xPolygonLabs) November 9, 2023

Polygon will distribute the grants in the form of its native MATIC token. In total, 110 million MATIC worth $85 million will be made available. Developers can apply for direct, larger grants or smaller quadratic funding grants, where donations from the Polygon community help determine grant recipients.

Fund Seeks to Attract Web3 Talent


The move comes as competition heats up between Polygon and rival layer 2 networks operating on Ethereum. Networks like Optimism and Arbitrum are similarly focused on providing scalability and low transaction fees to attract developers.

Polygon PoS Chain Daily Transactions

Polygon has become one of the leading Ethereum scaling solutions, with over 250 million total transactions processed. Congestion is still an issue during periods of peak demand, however. The developer grants seek to improve Polygon’s tech stack while expanding its decentralized app ecosystem.

The $85 million fund solidifies Polygon’s commitment to advancing Web3. With rising developer interest in blockchain technology, Polygon’s grants could catalyze the next generation of decentralized applications.


Enter your email for our Free Daily Newsletter

A quick 3min read about today’s crypto news!



Read the full article here

News Room November 9, 2023 November 9, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Trump’s ‘intelligent’ copper tariffs will ‘wake people up’, says mining billionaire

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Market volatility recedes as investors brush off Donald Trump’s tariff threats

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Delta offers rosier outlook as flight demand ‘stabilises’

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

ICE dragnet strikes terror in US immigrant communities

Ahisary moved from her home in Mexico in 1993 to South Central…

Dutch pension funds set to sell €125bn of government bonds

Stay informed with free updatesSimply sign up to the Sovereign bonds myFT…

- Advertisement -
Ad imageAd image

You Might Also Like

Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

By News Room
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

By News Room
Crypto

Mastercard Launches “Crypto Credential” To Replace Wallet Addresses With Usernames

By News Room
Crypto

Polygon Executive Pivots Roles To Developing ZK Proof Tech

By News Room
Crypto

Altcoin Interest Driving South Korean Crypto Craze – Report

By News Room
Crypto

Russian Central Bank Flags Sharp Rise in Crypto-related Activity

By News Room
Crypto

BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court

By News Room
Crypto

Here Are Your Top Crypto Gainers Today on DEXScreener

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?