According to PANews, P2 Ventures, a blockchain venture capital firm that separated from Polygon Labs at the end of last year, has pledged to provide $50 million to support startup founders. This move is likely to stimulate new projects within the Polygon ecosystem.
A press release stated that P2 Ventures' investment will be provided to founders through Hadron FC, a founder program with campuses in Dubai and New York. The program offers guidance, legal and regulatory assistance, networking opportunities, and 'comprehensive support for the complexities of startup development and fundraising'. Among the 36 projects initially launched, several have 'co-built on-site at a factory in Dubai for a week'. This initiative by P2 Ventures is expected to significantly boost the growth and development of startups within the Polygon ecosystem.