Terra Projects Migrating to Polygon

Terra Projects Migrating to Polygon

12.07.2022 08:55
by Maksym Prykhodko
1 min read

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 didn’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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