Polygon Labs has announced the launch of its program, which is now live, with around $23 million available for builders seeking to expand Polygon’s ecosystem. The funds will be distributed by the neutral Community Treasury Board. To qualify for the grants program, projects must meet certain conditions. They must either be building on Polygon or be willing to migrate their projects to the platform.
Additionally, they should have a long-term focus. There are two avenues for participating projects: the General Grant Track, which targets developers focusing on infrastructure and tooling, and the Consumer Crypto Track, which focuses on consumer-oriented projects including gaming, decentralized social, gamified commerce, AI/blockchain integration, and NFT innovations. Polygon Labs has emphasized that the primary objective of the program is to support developers during the early stages of development. The program aims to provide funding when it is most needed, rather than waiting until after a project has been completed.
As a result, dynamic early-stage builders can access the necessary funding as they innovate. Applications for Season 01 opened on June 11 and are set to close on August 31, 2024.