[NEWS] Polygon Announces "Polygon Village 2.0", a Grant Program with Over 110 Million MATIC

Polygon Labs, which operates Polygon:MATIC, announced the grant program "Polygon Village 2.0" on the 9th to support projects developed in the Polygon ecosystem. It will provide 110 million MATIC (approximately 14 billion yen) in funding.

Polygon Village 2.0 will provide a comprehensive support system, including strategic advice, mentorship, co-working spaces in New York and other locations, and introductions to venture capital. This initiative aims to promote the development of the Polygon ecosystem and drive innovation in the cryptocurrency industry.

Polygon Labs devised this grant program as part of the "DevX Global Tour," traveling around the world to meet developers and builders and listen to their needs.

Polygon Village has been reimagined with direct developer input and feedback, and aims to be a great hub for founders of all levels to start building, learn, connect, receive funding, get mentored, scale, and grow exponentially.

Polygon Village consists of the following three elements:

• Village Grants: Grants
• Village Build Ideas: Support for ideas
• Village Startup Support: Support for development and startups

The grant program is available to any type of project at any stage of development, whether it be DeFi, apps, games, infrastructure, social services, or anything else. A total of more than 110 million MATIC will be funded.

Grants will be made in a variety of ways. Projects can receive up to 2 million MATIC direct grants from the Polygon Foundation for later-stage projects. There will also be secondary funding grants for early-stage projects. These two grant programs will start on the 9th. Other grant programs will start soon.

Polygon 2.0 Status

Polygon's current development plan, Polygon 2.0, started as a blueprint for an infinitely scalable zero-proof knowledge Layer 2 with liquidity secured with the community. This grant program was announced as Polygon 2.0 is being launched in earnest.

Polygon 2.0's goal is to build the value layer of the Internet. Just as anyone can create and exchange information on the Internet, Polygon aims to enable anyone to create and exchange value on the network. This includes the creation of Polygon's new crypto asset POL.

Currently, Polygon is working to replace its native token MATIC with POL. On the 5th of last month, Polygon Labs announced that it had deployed the POL contract to the Ethereum (ETH) mainnet.

Reference:Announcement
Image: Quoted from the announcement

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