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Polygon Labs Commences $85M Grant Program to Draw Builders to Its Ecosystem
Polygon Labs is offering 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others.
Ethereum scaling platform Polygon Labs has started a grant program to entice developers to build applications in its ecosystem.
Polygon Labs is offering a total of 110 million of its native token, MATIC, worth around $85 million at the time of writing, to projects in decentralized finance (DeFi), gaming, social media and more.
Direct grants of up to 2 million MATIC ($1.55 million) will be offered to later stage projects, Polygon Labs said in an emailed announcement on Thursday. Early stage projects can apply for so-called quadratic funding grants , whereby community members make donations that act as votes on where they are allocated.
Read More: https://www.coindesk.com/business/2023/11/09/polygon-labs-commences-85m-grant-program-to-draw-builders-to-its-ecosystem/
Polygon Labs is offering 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others.
Ethereum scaling platform Polygon Labs has started a grant program to entice developers to build applications in its ecosystem.
Polygon Labs is offering a total of 110 million of its native token, MATIC, worth around $85 million at the time of writing, to projects in decentralized finance (DeFi), gaming, social media and more.
Direct grants of up to 2 million MATIC ($1.55 million) will be offered to later stage projects, Polygon Labs said in an emailed announcement on Thursday. Early stage projects can apply for so-called quadratic funding grants , whereby community members make donations that act as votes on where they are allocated.
Read More: https://www.coindesk.com/business/2023/11/09/polygon-labs-commences-85m-grant-program-to-draw-builders-to-its-ecosystem/
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