Polygon Launches $720 Million Fund for Blockchain Financing
Polygon has launched a $720 million Community Treasury to support blockchain projects over the next 10 years.
This initiative will support developers in the Polygon and Ethereum ecosystems. In the first season of the Community Grant Program (CGP), the fund will allocate 35 million Polygon (MATIC) tokens, worth approximately 25 million USD.
The Polygon Community Treasury, formed through community consensus, will distribute approximately 100 million tokens annually, totaling 1 billion tokens over a decade.
The first part offers two tracks: the General Funding Track and the Consumer Cryptocurrency Track. The general funding track is open to anyone, with no strict limits, but Polygon wants to focus on DApps, developer libraries and tools, and protocol infrastructure.
Grant application and allocation process
Projects must be under construction or ready to migrate to Polygon and demonstrate long-term viability. Grants will range from 5,000 to over 50,000 MATIC with the Community Treasury Board overseeing the selection process.
Focus on ecosystem growth
The launch of the Community Treasury initiative will enable Polygon to support early-stage projects and help developers secure funding.
