Terra Projects Migrating to Polygon

In a much-publicized disaster this May, the Terra network crashed. Now, more than 48 projects which previously ran on Terra have relocated to Polygon.

Polygon is Ethereum’s layer-2 scaling solution. Its Terra Developer Fund seems to be the key factor responsible for projects’ relocation.

An NFT marketplace OnePlanet has also significantly stimulated the relocation. Its Ark*One initiative assisted all 48 projects to move over to Polygon. Ark*One still offers assistance for previously Terra-based projects which are looking to relocate. Additionally, its launchpad will be available to assist projects’ launch on Polygon.

This news signals that Polygon has beaten VeChain. The VeChain layer-1 scaling solution welcomed grant applications for Terra-based projects. However, the developers of the majority of such projects have chosen Polygon instead.

Source: https://cointelegraph.com/news/terra-projects-band-together-in-migration-to-polygon-ecosystem

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didnโ€™t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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