2 years ago
Summary:
- Crypto and NFT projects that erstwhile called Terra location person started to migrate to the Polygon Network (MATIC).
- According to Polygon Studios CEO, 48 projects person started the migration, including the OnePlanet NFT marketplace and Derby Stars metaverse game.
- In precocious May, Polygon Studios CEO announced an uncapped migration money for projects consenting to migrate from Terra.
Terra projects that were near successful limbo aft the illness of LUNA and UST, and the consequent motorboat of a new Terra chain, person started to migrate en masse to the Polygon Network (MATIC).
According to Polygon Studios CEO Ryan Wyatt, implicit 48 crypto and NFT projects person begun the migration process from Terra to MATIC. Projects moving to Polygon see the NFT marketplace known arsenic OnePlanet and the metaverse crippled Derby Stars. Mr. Wyatt shared his insights connected the migration of projects from Terra to Polygon done the pursuing tweet.
UPDATE: Terra projects person begun migration. Over 48 projects and counting… including @OnePlanet_NFT, an exclusive @0xPolygon marketplace, and @DerbyStars_HQ!
It was truthful awesome to assistance and invited each these fantastic developers to our thriving ecosystem!
Welcome! 💜$MATIC https://t.co/5ypu1QdMBA pic.twitter.com/JcskdWGnZJ
— Ryan Wyatt (@Fwiz) July 8, 2022
The Sudden Collapse of Terra Left a Plethora of NFT Projects and Communities Stranded – OnePlanet.
In a mean blog post announcing the migration, the squad astatine OnePlanet explained that ‘the abrupt illness of the Terra ecosystem near a plethora of innovative NFT projects and their communities stranded successful the wreckage.’
As a result, OnePlanet was starring and gathering ‘its ain mentation of Noah’s Ark to rescue Terra’s burgeoning NFT biodiversity and instrumentality it to a caller home.’
Polygon Studios CEO had Announced an Uncapped Migration Fund for Terra Projects.
News of astir 50 crypto and NFT projects migrating from Terra to Polygon comes little than 2 months aft Polygon Studios CEO, Ryan Watts, had announced the launch of an uncapped money to assistance affected projects determination to the MATIC ecosystem.
The fund’s financing would beryllium from the $450 cardinal antecedently raised by Polygon, its treasury, and a $100 cardinal ecosystem fund. Mr. Wyatt had besides stated that Polygon Studios was consenting to deploy much superior for the migration process if necessary.
Reddit and Coca-Cola Chose Polygon for their NFT Projects.
To enactment is that Polygon has precocious experienced a batch of improvement activity, with Reddit selecting the furniture 2 Ethereum task arsenic the location to its integer collectibles marketplace. The behemoth beverage institution Coca-Cola besides picked Polygon arsenic the preferred web for its Pride Series NFT collection.
English (US) 