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Wednesday, December 8, 2021

Internet3 organization announces Polygon fund to bolster MATIC ecosystem

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Net3 fund Outlier Ventures has declared the Polygon Foundation Camp Accelerator to bolster efforts and enhancement in the burgeoning Polygon ecosystem, CryptoSlate discovered in a launch Monday.

“As the primary answer for Ethereum scaling and infrastructure enhancement, It is very important to support and motivate development on Polygon as the community results in being important for broader Web 3 growth,” mentioned Sandeep Nailwal, co-Founder of Polygon. “We have large hopes that the method will find out the very best the Polygon network has to offer to assist drive developer action and expedite ecosystem growth.”

Outlier Ventures has accelerated extra than ninety Web3 startups because 2014 and is positioned to encourage developer activity and growth on the Polygon network by collaborating with mentors from Polygon and its ecosystem players to host this arduous 5-thirty day period accelerator system. 

The Polygon ecosystem emerged in 2021 as the primary hub for scaling Ethereum-dependent apps, amassing more than $10 billion in value locked in the ecosystem through bridges from Ethereum, and hundreds of thousands and thousands of focused venture capital is anticipated to enter the place to fund startups developing on Polygon and leveraging its special governance capabilities.

Increasing the Polygon ecosystem

Next its achievement with the start of ecosystem accelerators with the likes of Polkadot and Filecoin, Outlier Ventures is searching for a wide variety of teams applying Polygon systems — from crypto natives to World wide web2 founders and enterprise pros — to make high-development startups and decentralized purposes and networks.

The Polygon x Foundation Camp Accelerator is now open for applications and the method will start out in early 2022. Up to eight teams will sign up for an intense five-thirty day period system that supports founders with fundraising, community growth, token design and implementation, small business product innovation, and governance, in addition to getting access to Outlier Ventures’ mentor network of main Web3 founders. 

The accelerator will also serve as a catalyst for founders producing their projects inside the context of Outlier Ventures’ Open up Metaverse thesis, a toolkit for design and style possibilities based on concepts of user-centricity and sovereignty of identification, information, and wealth.

Initiatives will be selected for the cohort based mostly upon their skill to mature the Polygon ecosystem, with a concentration on the NFTs, blockchain gaming, DeFi infrastructure, B2B methods, and providers supporting Polygon, middleware, and typical DeFi-linked solutions.

“Polygon has aided choose the Ethereum ecosystem to the upcoming amount, building fully new use cases achievable that call for an extremely-low rate and substantial throughput transactions, so it was a pure companion for us to help speed up the Net3 ecosystem,” commented Jamie Burke, founder, and CEO of Outlier Ventures reported of the collaboration with Polygon.

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