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The creators of the Polygon ecosystem have formed a fund for the migration of blockchain developers from the sensational Terra ecosystem
The creators of the polygon sidechain launched “a relatively unlimited multi-million dollar fund” aimed at attracting Terra blockchain developers to the ecosystem. This writes TechCrunch with reference to the CEO of Polygon Studios Ryan Wyatt.
According to him, the fund will be supported by previously raised funds in the amount of $ 450 million, the company’s own reserves and the ecosystem fund for $ 100 million.
“I don’t want to limit [фонд] the end limit, because the goal is to make sure we have the capital to help all developers who want to move to Polygon,” he said.
It is reported that the NFT marketplace for Terra called OnePlanet will be the first project to receive funding from Polygon. Watt claims that the company has already been approached by 50 to 60 projects interested in moving from Terra to Polygon. Despite the lack of a timeline for the move, the head of Polygon Studios expects that all projects will switch to the sidechain before the end of 2022.
Earlier, the editors wrote that the developers of projects based on the Terra ecosystem began to “burn bridges” with the original version of the blockchain in search of salvation. For example, the Terra Name Service (TNS) has announced the migration of .ust domains to a new version.
TNS officials said that those who have placed their .ust domains on the secondary market should manually remove them from the list and transfer them back to their Terra wallet so that domains can be transferred to the new version of Terra. Users were encouraged to transfer domains by May 31.
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