Polygon contributes $100M to ‘Supernets,’ Powered by Polygon Edge

by Cryptospacey

Polygon has launched a brand new devoted blockchain community which shall be referred to as the Supernets, and in addition introduced that it’s going to commit $100 million to the tasks that use this new function rolled out by the Ethereum scaling answer. This new ‘devoted’ community, described as “Edge networks on steroids,” goals to unravel plenty of challenges that tasks on Edge face. 

Enter Polygon Supernets

There are quite a few functions and options that Polygon Supernets convey, as described within the announcement

  • Supernets shall be devoted, i.e., every Supernet is constructed and run for a particular utility, undertaking, or use case. This “devoted Web3 internet hosting” will resolve a variety of points for Polygon customers. 
  • Furthermore, Supernets shall be secured by Polygon’s native token, MATIC. The community has launched a “shared safety” layer within the type of a MATIC-staked validator market. “Tasks that opt-in for this service will immediately get entry to a decentralized, dependable Proof of Stake validator set and skip the challenges of bootstrapping a validator community,” described the announcement.
  • The Supernets are linked with one another and in addition with Ethereum, which can enable tasks to alternate worth and messages.
  • For individuals who don’t need to get knee-deep in technicalities, Polygon additionally launched Edge Licensed Companions, a bunch of licensed dev retailers and groups to assist out tasks attain their purpose. 

$100M dedicated to Supernets

Polygon community additionally plans to commit $100 million for the tasks that may use the Supernets. The funds shall be used for: 

  • Growth contracts and grants;
  • Analysis contract and grants;
  • Third-party integrations and partnerships;
  • Undertaking onboarding and migration;
  • Liquidity mining;
  • Acquisitions.

​​”For mass adoption of Web3 to take maintain, it’s essential to summary the complexities of blockchain improvement and concurrently supply scaling capacity and personalization,” stated Mihailo Bjelic, Co-founder of Polygon. “Polygon Supernets ship all this, enabling any undertaking to fast-track their blockchain ambitions and be a part of the rising Polygon multi-chain ecosystem.”

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