A new initiative could aid the town even more after the Terra revival plan was officially passed earlier on Tuesday. On May 27, the new Terra 2.0 blockchain will be live, and Polygon has created a fund to aid Terra migration.
Polygon, meanwhile, announced the creation of a multi-million dollar fund to assist Terra blockchain developers.
According to Techcrunch, Polygon’s chief executive officer Ryan Wyatt stated that the company has a “relatively unconstrained multi-million dollar fund.”
The fund will aid projects created on the Terra blockchain in their transition to the Polygon blockchain. This news follows Polygon’s prior offer of assistance to the Terra community.
Ryan Wyatt claims that the fund will be financed by a $100 million ecosystem fund, as well as the $450 million Polygon has already raised.
I don’t want to place a limit on [the fund], because the goal is to ensure that we have enough money to assist all developers that want to join Polygon.
Terra Crash Was Unfortunate...
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