A plethora of NFT projects, developers and their ecosystem were trapped in the rubble of Terra. Two months later, about 50 crypto projects based on the fallen network and their coders have now found a new home in Polygon.
- Projects include the P2E Metaverse, Lunaverse, the AI-generated NFT universe, Dystopai and Terra’s more successful PFP collections such as Hellcats and Babybulls.
- Ryan Wyatt, CEO of Polygon Studios, in a tweet Confirmed The numbers show that these projects have allied to move to the Polygon Network.
“It was awesome to help and welcome all these amazing developers to our thriving ecosystem! Welcome!”
- Several competing blockchains tried to lure developers whose work was under threat from the explosion of Terra.
- Wyatt did too Having said That capital and resources will be invested against these migrations to welcome developers and their respective communities to the platform.
- The Layer-2 blockchain built on Ethereum unveiled a “relatively uncapped multimillion-dollar fund” shortly thereafter.
- Polygon plans to finance the fund with a recently raised $450 million led by Sequoia Capital India.
- OnePlanet, a Terra-based NFT marketplace, was the first to receive funding from Polygon. The team, consisting of around 30 people, has moved to the blockchain. Interestingly, OnePlanet is also helping the migration of other NFT projects through a new initiative – ArkOne.
- After considering key factors such as mass adoption, market opportunities, sustainability and foundation-level support, OnePlanet announced a partnership with Polygon to provide a single platform to migrate all Terra NFT projects to the Polygon ecosystem. To become a dedicated market.
- Meanwhile, another high-profile Metaverse P2E game, Derby Stars, has migrated to Polygon.
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