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
RUDR TOKEN Launches New Compute Settlement Function

RUDR TOKEN has officially launched a new compute settlement function to enhance resource management and settlement processes.

OpenAI Refines Models Based on User Feedback

OpenAI is refining its models based on user feedback to improve conversational quality and user satisfaction.

OpenAI Announces Retirement of GPT4o and Other Models

OpenAI announces the retirement of several ChatGPT models, including GPT4o, to focus on newer versions like GPT5.

Agreement Ensures Economic Stability and Continuity of Services

The agreement prevents substantial economic disruption and ensures continuity of essential government functions.

Corporate Filings Indicate Merger Preparations

Recent corporate filings suggest that Musk's companies are preparing for significant transactional activity.

Zero Knowledge Proof Project Launches Presale Phase

The Zero Knowledge Proof (ZKP) project has entered a presale phase, offering a privacy-preserving AI network with significant growth potential.

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