{"id":83056,"date":"2023-11-10T12:06:58","date_gmt":"2023-11-10T17:06:58","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/polygon-labs-launches-90-million-fund-to-fuel-ecosystem-growth\/"},"modified":"2023-11-10T12:07:02","modified_gmt":"2023-11-10T17:07:02","slug":"polygon-labs-launches-90-million-fund-to-fuel-ecosystem-growth","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=83056","title":{"rendered":"Polygon Labs Launches $90 Million Fund to Fuel Ecosystem Growth"},"content":{"rendered":"<div>\n<figure id=\"attachment_129912\" aria-describedby=\"caption-attachment-129912\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-129912\" class=\"wp-caption-text\">Polygon. Source: Adobe \/ Mahoa Creative<\/figcaption><\/figure>\n<p>Polygon\u2019s development team Polygon Labs is reigniting network growth through a relaunched grant program featuring over $90 million in funding for aspiring Web3 founders.<\/p>\n<p>Per a blog post from the company on Thursday, the \u201cPolygon Village 2.0\u201d grant program will offer startups a share of 110 million MATIC tokens, alongside strategic support, mentorship, and introductions to venture capital. As of Friday, MATIC traded for $0.83 apiece.\u00a0<\/p>\n<p>\u201cPolygon Village is reimagined with the direct input and feedback of developers, becoming a home for founders of all levels to start building, learn, connect, get funded, get mentored, scale, and grow exponentially,\u201d wrote Polygon Labs.\u00a0<\/p>\n<p>The grant program will be accessible for all Polygon projects, no matter their stage of development. Applications can include \u201capp chains, gaming, infra, social,\u201d and DeFi, among other things.<\/p>\n<p>While later-stage projects can expect direct grants of up to 2 million MATIC, early-stage projects will be open to \u201cquadradic funding,\u201d which invites community members to donate to projects and effectively \u201cvote\u201d on where Polygon Labs should allocate funds.\u00a0<\/p>\n<p>The company has already provided a list of project ideas for founders, for which teams can expect \u201c1:1 mentorship and support\u201d if teams build on one of their ideas.\u00a0\u00a0<\/p>\n<p>Founders may also apply for vouchers offering fee discounts on various services and benefits provided by Polygon\u2019s partners. Some categories include security and smart contract audits, storage solutions, compute solutions, and tooling for DeFi.<\/p>\n<h2>What is Polygon 2.0?<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Polygon Labs announced plans in September to upgrade its protocol to \u201cPolygon 2.0\u201d \u2013 a\u00a0 roadmap for revolutionizing the network\u2019s architecture through interoperable layer 2 blockchains powered by zero-knowledge proofs. It will also replace the existing network\u2019s governance token \u201cMATIC\u201d with \u201cPOL.\u201d<\/p>\n<p>The network will feature a shared bridge between different Polygon chains that will no longer require \u201cwrapped\u201d tokens (ex. Wrapped Bitcoin) to move assets between networks, ultimately improving user experience.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ The wait is over. Polygon 2.0 implementation kicks off now with the release of 3 Polygon Improvement Proposals (PIPs), and a roadmap for Phase 0.https:\/\/t.co\/gk7FW0zCpc <a rel=\"nofollow\" href=\"https:\/\/t.co\/YJo3BtQy4y\">pic.twitter.com\/YJo3BtQy4y<\/a><\/p>\n<p>\u2014 Polygon (Labs) (@0xPolygonLabs) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/0xPolygonLabs\/status\/1702280764677578755?ref_src=twsrc%5Etfw\">September 14, 2023<\/a><\/p>\n<\/blockquote>\n<p>Polygon itself is an Ethereum scaling solution leveraging sidechains to enable faster, cheaper transactions while benefitting from Ethereum\u2019s settlement assurances. According to Polygon Labs, Polygon 2.0 will help create the \u201cvalue layer of the internet\u201d by \u201cproviding unlimited scalability and unified liquidity.\u201d<\/p>\n<p>\u201cImplementation will begin as early as Q4 of this year if the community endorses these proposals,\u201d wrote Polygon Labs in September.\u00a0<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/polygon-labs-launches-90-million-fund-to-fuel-ecosystem-growth.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon. Source: Adobe \/ Mahoa Creative Polygon\u2019s development team Polygon Labs is reigniting network growth through a relaunched grant program featuring over $90 million in funding for aspiring Web3 founders. Per a blog post from the company on Thursday, the \u201cPolygon Village 2.0\u201d grant program will offer startups a share of 110 million MATIC tokens, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":83057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-83056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polygon Labs Launches $90 Million Fund to Fuel Ecosystem Growth | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Polygon. 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