The historic collapse of the Earth (LUNA) project has generated a lot of comment in recent months. And some were planning to take advantage of it, such as the Polygon Scaling Solution (MATIC). Its CEO recently announced that several dozen projects have joined his fold.
Ground projects migrating to Polygon
As a reminder, Polygon had started making sweet eyes at Earth projects in late May. Ryan Wyatt, CEO of Polygon Studios, announced at the time that he was unlocking a multimillion-dollar fund to support developers and help them migrate:
We’ve put together a multimillion-dollar fund to provide relief for Terra developers to help them stay on their feet and migrate.
– Ryan Wyatt (@Fwiz) May 25, 2022
An obviously not entirely philanthropic initiative, Polygon being able to benefit from the influx of large-scale projects that have suddenly found themselves in the water. And it worked: Ryan Wyatt confirmed this over the weekend 48 ground-based projects migrated to Polygon. Among these, some renowned projects, including One Planet or Derby Stars. There is also the Lunaverse (LUV) metaverse platform.
As a reminder, Polygon is a scalability solution based on the Ethereum (ETH) blockchain.. Its token, the MATIC, is in the top 20 of the most capitalized cryptocurrencies, with a current market capitalization of $ 4.3 billion.
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Source: Ryan Wyatt via Twitter
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