The Community Grants Program, overseen by the neutral Community Treasury Board, will distribute 35 million MATIC to projects building on Polygon during Season 01. To ensure a fair and open funding framework, professional Grant Allocators will help distribute a portion of the funds. The program offers two distinct tracks for applicants: a general grant track for anyone building on Polygon and a consumer crypto track that focuses on projects driving crypto adoption, such as gaming, gamified commerce, NFT innovations, and more.
Polygon’s decision to allocate funds for community grants is a testament to the crucial role that builders play in the company’s success. Developers have been actively involved in hackathons, accelerators, meetups, and startup support programs, leading to the exponential growth of the Polygon landscape across various protocols and technologies. This thriving community is at the forefront of global innovation in blockchain technology.
The evolution from Village Grants to the Community Grants Program reflects Polygon’s commitment to community consensus. The Community Treasury has been created to ensure that grants are available for builders who are developing on Polygon and building with Polygon technology. The inaugural season of the program will issue grants in MATIC, given the ongoing token upgrade from MATIC to POL. Notable projects that have received Polygon grants include Quickswap, Keom, Jokerace, and Intraverse.
The goal of the Community Grants Program is not only to support developers as they build but also to foster true innovation by providing opportunities for experimentation and taking chances. Waiting until a project is complete and produces results would miss out on the potential for groundbreaking ideas. Polygon understands the importance of iterating, innovating, and working collaboratively, which is why they are providing support to builders from the early stages of their projects.
In conclusion, Polygon’s decision to unlock $640 million worth of tokens for community grants demonstrates their dedication to supporting builders and fostering innovation within their community. By distributing funds through the Community Grants Program, overseen by the neutral Community Treasury Board, Polygon aims to empower developers and drive crypto adoption through a variety of projects. The program offers opportunities for both general grant applicants and those focused on consumer crypto use cases. With its strong community focus and commitment to long-term growth, Polygon continues to be a pioneer in the blockchain technology landscape.
