Polygon’s $85M, Big Brained Idea

TL;DR

• Polygon has a big ol’ chunk of change ($85M USD to be exact) set aside for developers that want to build decentralized finance products, games, or social platforms on top of the Polygon blockchain.

• By funding projects now, Polygon can expect a range of updates and milestones to be hit in the next 1-2 years (aka mid bull run).

Full Story

Did you know Google pays Apple between $18B-$20B per year to be the default search engine on the iPhone?

(Wild, right?)

But it makes sense! They own the Android operating system, so the only way to penetrate the rest of the mobile market is by paying Apple.

(And it’s a strategy that works – the Google Ads platform made a tidy $224B in 2022 alone).

The team at Polygon are following a similar strategy to grow users on its chain.

Polygon has a big ol’ chunk of change ($85M USD to be exact) set aside for developers that want to build decentralized finance products, games, or social platforms on top of the Polygon blockchain.

Individual projects can get direct grants of up to $1.55M to bring their ideas into reality.

Here’s why this is a big brained move:

You know how we were talking spot Bitcoin ETF rumors in the last article – and how it doesn’t really matter if its true or not – it can/will still affect the price?

This isn’t just a Bitcoin thing.

And in a bull run, the news cycle has an even greater effect on crypto prices.

So by funding projects now, Polygon can expect a range of updates and milestones to be hit in the next 1-2 years (aka mid bull run).

Smart!