Terra

Polygon

<h4><b>Polygon is funding this movement to help migrate Terra projects to its network. </b></h4> 
<p><a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/terra-luna-and-ust-crisis-explained/" target="_blank" rel="noopener">Terra collapsed</a>, and many projects and developers could not continue their functions. Let’s discover more about this important news for Polygon.</p> 
<h5><strong>Polygon Supports Terra Projects with Migration Fund</strong></h5> 
<p><a href="https://x.com/oneplanet_nft?s=21" target="_blank" rel="noopener"><span style="font-weight: 400;">OnePlanet</span></a><span style="font-weight: 400;"> is the first Terra-based project to receive Polygon’s funding. It is an NFT marketplace and launchpad in the Terra network. OnePlanet will migrate to Polygon in the coming months.&nbsp;</span></p> 
<p><span style="font-weight: 400;">This NFT initiative has different utilities and an active community. Its team consists of individuals who used to work for Apple, Facebook, and more.</span></p> 
<p><img decoding="async" class="wp-image-142977 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cdsfdse-295x300.jpg" alt="" width="480" height="489" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cdsfdse-295x300.jpg 295w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cdsfdse-356x364.jpg 356w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cdsfdse.jpg 389w" sizes="(max-width: 480px) 100vw, 480px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/0xPolygonEco/status/1567300159175856133" target="_blank" rel="noopener">X</a></strong></h6> 
<p><span style="font-weight: 400;">Moving further, MATIC and OnePlanet want to create a haven for projects via the Polygon Network. The funding will lower migration and integration expenses across chains.</span></p> 
<h5><strong>More About Polygon’s Integration</strong></h5> 
<p><span style="font-weight: 400;">Polygon’s Studios CEO Ryan Wyatt shared his enthusiasm about this collaboration. He said: “Polygon is happy to provide a place for the OnePlanet team and the broader Terra ecosystem. Thanks to its robust marketplace, it will bring value to the Polygon NFT ecosystem. We will provide optimal support to aid the transition into Polygon Network. We will also provide resources to make Terra projects that transition stronger.</span></p> 
<p><img decoding="async" class="wp-image-142978 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcdfgdfthg-300x232.png" alt="" width="470" height="364" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcdfgdfthg-300x232.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcdfgdfthg.png 396w" sizes="(max-width: 470px) 100vw, 470px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/0xPolygonEco/status/1567300164334895105" target="_blank" rel="noopener">X</a></strong></h6> 
<p><span style="font-weight: 400;">SungMo Park, Head of Business at OnePlanet, also shared his thoughts. He said: “After Terra’s collapse, we recognize that our community needs a reliable home for their projects. Successful rebuilding on Polygon will benefit OnePlanet, as it already has excellent infrastructure. It is also EVM-compatible.</span></p> 
<p><span style="font-weight: 400;">Park expressed gratitude towards Polygon’s chain for seeing the potential of Terra NFT projects. “We appreciate Polygon for recognizing the worth of the Terra NFT projects.’</span></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/polygon-launches-uncapped-fund-to-attract-terra-projects/">Polygon Launches Uncapped Fund to Attract Terra Projects</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Polygon Launches Uncapped Fund to Attract Terra Projects

Altcoin Buzz

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