Polygon's Support for Terra Projects Migration to Its Network

Polygon is providing funding to support the migration of Terra projects to its network. Following Terra's collapse, many projects and developers faced challenges continuing their operations. This initiative by Polygon is crucial for the affected projects.

Polygon's Assistance to Terra Projects

OnePlanet, a prominent Terra-based project, has been selected to receive funding from Polygon. OnePlanet operates as an NFT marketplace and launchpad within the Terra network. The migration of OnePlanet to Polygon is scheduled to take place in the upcoming months. Key individuals from renowned companies like Apple and Facebook form part of OnePlanet's team.

Moreover, the collaboration between MATIC and OnePlanet aims to establish a secure space for diverse projects through the Polygon Network. The allocated funds will facilitate the reduction of costs associated with migration and integration across multiple chains.

Insights into Polygon's Integration

Ryan Wyatt, the CEO of Polygon's Studios, expressed his excitement about this partnership. He emphasized Polygon's commitment to supporting the OnePlanet team and the broader Terra ecosystem. Wyatt highlighted the value that OnePlanet's robust marketplace will bring to the Polygon NFT ecosystem. Polygon pledges to offer comprehensive assistance to aid the transition to its network and provide resources to strengthen Terra projects making the switch.

Furthermore, SungMo Park, the Head of Business at OnePlanet, acknowledged the importance of finding a reliable home for the community projects post-Terra's downfall. He underscored the benefits of rebuilding on Polygon due to its excellent infrastructure and EVM compatibility. Park expressed appreciation for Polygon's recognition of the potential presented by Terra NFT projects.

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