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Polygon Village introduces $90M fund to support ecosystem growth

Polygon Village introduces $90M fund to support ecosystem growth

Polygon Labs Relaunches Polygon Village Initiative

If you’re a developer in the crypto space, you’ll be interested to know that Polygon Labs has relaunched its Polygon Village initiative. This relaunch includes a new grant program of more than 110 million MATIC, which is currently valued at around $91.3 million. The goal is to help projects grow within the Polygon ecosystem.

What’s Included in Polygon Village 2.0?

Besides funding, Polygon Village 2.0 offers projects an integrated support system that includes strategic advice, mentorship, co-working spaces, and VC networking opportunities. This comprehensive approach aims to provide a strong foundation for project growth within the Polygon ecosystem.

Touring the Polygon Village

The initiative breaks down into three components: “Village Grants,” “Village Build Ideas,” and “Village Startup Support.” The community grants program has an open-arms policy, welcoming projects at any developmental stage across crypto sectors such as DeFi, SocialFi, gaming, and infrastructure.

From the more than $90 million available, funding includes direct grants of up to 2 million MATIC from the Polygon Foundation for later-stage projects and separate quadratic funding grants for early-stage teams.

In addition to Village Grants, Village Build Ideas is a platform for those seeking project inspiration, backed by 1:1 mentorship and support for teams selecting from a catalog of pre-prepared ideas that could become fully realized projects.

Polygon Village Startup Support allows projects to apply for vouchers for services ranging from smart contract audits to storage solutions and web3 infrastructure like oracles and tooling. Additionally, there are opportunities to engage with a network of tech experts, the Polygon Labs team, VCs, and marketing strategists to help get their projects off the ground.

Hot Take: Reimagining Project Growth with Polygon Village

Polygon’s reimagined approach with the relaunch of its Polygon Village initiative represents a significant opportunity for developers in the crypto space. With a substantial grant program and comprehensive support system, this initiative has the potential to drive innovation and growth within the Polygon ecosystem while fostering community connection and collaboration.

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Polygon Village introduces $90M fund to support ecosystem growth