What is Polygon?
Polygon is the evolution of what was previously known as the Matic network. The main mission of Polygon is to solve the Ethereum network scalability issues by dealing with transactions on a separate, Ethereum-based blockchain.
The framework allows transactions to be returned to the main Ethereum blockchain in after-the-fact, which lowers the total network load on the Ethereum network. This way, individual transactions can go through faster and cheaper with lower gas fees.
Polygon provides a unique source of funding for Ethereum-based projects, as the framework of Polygon allows for easy scalability. The network is also optimal for decentralized applications, or dApps, which function easier with fast network speeds.
Grant size:
Varies on grant type
Founded:
2017
Location:
Bengaluru, India
Token:
MATIC
Website:
polygon.technology
Polygon Grants
There are two main options for Polygon grants:
- Polygon Ecosystem Fund
- Polygon DAO
Additionally, there are partnership funds available that have been created with organizations working together with Polygon to expand the Polygon ecosystem.
Polygon Ecosystem Fund
This fund is a straightforward grant directly from Polygon dedicated to growing and supporting blockchain ecosystem building in Ethereum and Polygon.
Polygon DAO
Another option to obtain a Polygon Grant is to join the Polygon DAO and submit a proposal to fund a project or award a grant under the category of Ecosystem Project Support.
Polygon Partnership Funds
- Polygon x Wintermute (Partnership Fund) – This fund provides 20 million USD to support projects which develop dApps built on Polygon for things like development, liquidity provision, exchange listing, and backdesk.
- Polygon x 776 (Partnership Fund) – A combined fund of over 200 million USD which aims to assist Web 3.0 technology development, specifically in social media and blockchain compatibility.
- Polygon x Outlier Ventures – This accelerator fund helps with fundraising, community growth, token design & implementation, business model innovation & governance, and also gives access to the Outlier Venture’s mentor program.
- Polygon x Stable Node – Funding for early stage ventures which also offers a wide variety of support services including fundraising, token-design, liquidity providing, marketing, and governance.
Application Process
After application for a Polygon Ecosystem Fund, Polygon will reach out to applicants they are interested in for more details. The application requires the following information:
- First and Last Name
- Email Address
- Telegram ID
- Project Name
- Category (DeFi, Infrastructure, Gaming/NFT, DAO/DAO Tooling, Miscellaneous)
- Elevator Pitch / One sentence summary
- Team Description / Co-Founders
- Lead Investors / Other Investors
- Raising Token, Equity, or Both?
- Post-Money Valuation / Fully Diluted Valuation of Round
- How much to be raised? (Round Size)
- Location of founding/base team
- How did you find out about us? (Blockchaingrants.com)
- Referral Person
- Upload Pitch Deck
To join the Polygon DAO, a browser with installed Polygon wallet is needed to connect to the Polygon DAO website.
- Last updated November 19, 2022
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Ethereum
