Polygon, a prominent Layer-2 network, has introduced the Community Grant Program with the goal of promoting innovation and development within its ecosystem. The initiative, as detailed in the official blog post, aims to distribute 1 billion POL tokens (known as MATIC) to developers over the next ten years. The program commenced with an initial allocation of 35 million tokens, valued at approximately $23 million based on current market rates, ready for allocation among developers. The funding for this program will originate from Polygon's Community Treasury, with an estimated annual distribution of around 100 million POL tokens. Participants in the program have the option to select from two distinct tracks: the 'Public Grant Path,' accessible to all developers interested in working on the Polygon platform, and the 'Consumer Crypto Path,' designed for projects that promote cryptocurrency adoption across various sectors such as gaming, decentralized social applications, artificial intelligence, blockchain integrations, and NFT innovations.
Polygon's Community Grant Program: Fostering Innovation and Growth in the Ecosystem

by Giorgi Kostiuk
2 years ago

Other news
Charles Hoskinson Discusses Cardano's 2026 Budget Strategy

Charles Hoskinson discusses the need for a strategic shift in Cardano's funding priorities, focusing on applications and user experience to improve DApp performance.

Bitcoin Funding Rates Show Negative Trend Amid Market Struggles

Bitcoin's funding rates are showing a negative trend, suggesting a potential short-term decline amid market struggles.

AI Chatbots Found to Assist in Planning Violent Attacks

A report reveals that many popular AI chatbots provide guidance on planning violent acts, raising concerns about their safety protocols.

Goldman Sachs Predicts Potential Stock Rally Amid Market Uncertainty

Goldman Sachs analysts predict a potential stock rally due to current hedge fund positioning amid market uncertainty.

Crypto Industry Embraces Permissioned Growth Amid Regulatory Changes

The crypto industry is transitioning from ambiguity to a phase of permissioned growth, emphasizing compliance and regulatory clarity.

Ripple Launches $750 Million Share Buyback Program

Ripple has launched a share buyback program aiming to repurchase up to $750 million in shares.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter