Polygon wants to hand out $78M to boost on-chain activity

Polygon Labs has reimagined Polygon Village — a new place for grants, mentorship and networking for Polygon ecosystem developers.

More than 110 million Polygon MATIC (~$78 million) will be distributed to projects and builders in the Polygon ecosystem as part of its relaunch, in hopes of spurring more on-chain activity.

Polygon PoS is one of the largest blockchains today, with a total value locked (TVL) of $1 billion, according to information on DeFiLlama. Polygon’s zero-knowledge (zk) solution, Polygon zkEVM, on the other hand, has a TVL of roughly $22 million. 

Projects at any developmental stage and of any type will be able to apply for grants. This includes DeFi projects, app…

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