Polygon co-founder Sandeep Nailwal and Symbolic Capital, the Web3 venture capital fund he helped found, announced the launch of the Nailwal Fellowship program, which aims to provide early-stage individual builders with financial support to move from Web2 to Web3. It will be awarded to 10 builders each year A total of $500,000 in grants and mentorship was provided.

As previously reported, in August 2022, Symbolic Capital completed a $50 million fundraising, with participation from Polygon co-founder Sandeep Nailwal, Cere co-founder Kenzi Wang, other venture capital companies, and crypto exchanges.