Polygon, the Ethereum scaling solution, has launched a new network for Web3 development, promising $100 million to developers who can help with rapid mass adoption.
The Polygon Supernet chain will allow developers to create projects in a customizable environment. without operating costs As the company announced on Friday Developers can deploy their projects on a Supernet Sovereign Chain or Supernet Shared Security Chain — previously managed by a single validator, reducing maintenance costs. While it’s a simpler route to decentralization with validators staking Polygon (MATIC) to validate the network.
Even though supernets use Polygon Edge, a development framework for projects that want to build and run their own blockchain, they’re not. But it introduced more security and decentralized features, and Polygon plans to allocate $100 million to developers looking to build on the network.
Sandeep Nailwal, co-founder of Polygon, said supernets would help develop the protocol’s goals for adoption. “Mass adoption has come to Web3,” adding that such developments are key to achieving broad adoption of blockchain.
Polygon’s Web3 Ambitions Behind Latest $450 Million Funding It has attracted major investors such as Sequoia Capital India, SoftBank Vision Fund 2, Galaxy Digital and Tiger Global. Polygon is also behind the $200 million social media project Web3 with Reddit co-founder Alexis Ohanian.
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