As a seasoned crypto investor with a few years under my belt, I’m always on the lookout for promising developments within the blockchain space. The recent announcement by Polygon about their Community Grants Program has piqued my interest.
Polygon‘s layer-2 networking platform, known as Polygon, announced the initiation of a Community Grants Program on Tuesday. According to Polygon Labs, this program is intended to motivate developers to create projects within the Polygon ecosystem. Over the subsequent decade, Polygon plans to distribute approximately 1 billion POL, its upcoming renamed MATIC token, among these builders.
The software will access the funds deposited in Polygon’s Community Treasury, with approximately 100 million POL tokens distributed annually as mentioned by the team.
Individuals interested in joining the program have the flexibility to choose between two distinct tracks. The initial track is referred to as the “General Grant Track,” which caters to developers aiming to create projects on Polygon. The second option is named the “Consumer Crypto Track,” which concentrates on initiatives that foster crypto adoption, encompassing areas such as gaming, social applications with decentralized structures, AI and blockchain integrations, and innovative NFT solutions.
As a crypto investor in Polygon, I can tell you that their grant program is designed to strengthen our network by supporting proposals that contribute to the development of a robust and community-led ecosystem of interconnected chains.
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2024-06-11 17:09