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#BNBUsers Best project for Bnb lovers

#BNBUsers

Best project for Bnb lovers

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#TrendingTopic Polygon Unveils $1 Billion Grant Program to Foster Blockchain Development Over Next Decade Polygon has announced a $1 billion Community Grants Program, set to roll out over the next ten years, aimed at supporting developers on its platform. This initiative promises to allocate about $100 million annually to fund innovative projects that enhance the Polygon and Ethereum ecosystems. Polygon Community Treasury to Release $1B in Grants Over the Next Decade Polygon revealed that the Community Treasury Board will oversee the distribution of these funds, beginning with 35 million MATIC for the inaugural season. This structured allocation is part of Polygon’s strategic plan to cultivate a strong, community-governed network of blockchain technologies. With the community and developers at its core, Polygon aims to empower pioneering projects that push the boundaries of decentralized technology. Eligibility for the grant hinges on projects being built on the Polygon platform or those willing to migrate. Among the early beneficiaries of Polygon’s funding are platforms like Quickswap and Intraverse, showcasing the potential for growth and innovation through this financial support. The application process for the first season of grants is open until August 31, 2024, with funds earmarked for a wide range of blockchain applications from infrastructure to decentralized apps (dapps) like decentralized exchange (dex) platforms. Furthermore, the grants program is designed to support projects at various stages of development, with the Community Treasury allocating funds monthly following thorough reviews. While the initiative aims to foster innovation within the Polygon and Ethereum ecosystems, the effectiveness of distributing such funds—approximately $100 million annually—remains to be seen As the Community Treasury begins its allocations, the challenge will be to ensure these investments translate into tangible advancements. The scrutiny of project selection and fund management will likely be critical in determining the program’s success or shortfall
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