Polygon Labs Inaugurates $90M Grant Program for Founders

Polygon Village 2.0 campaign is live with a newly-created $90 million grant program to accelerate startup growth.

A purple plastic figure puking money into space.
Created by Gabor Kovacs from DailyCoin
  • Polygon Labs has launched Polygon Village 2.0.
  • The relaunch introduces a new multimillion-dollar grant.
  • The program comes with added benefits and access to the Polygon ecosystem.

Polygon Labs has relaunched its Polygon Village campaign with a multimillion-dollar grant program to help Web3 founders successfully grow in the Polygon ecosystem.

Polygon Village is a reimagined program that addresses diverse developer needs regarding grants, mentorship, and networking in the Polygon ecosystem. This comes as a response to developers’ direct input and feedback during the DevX Global Tour.  

$91.3 Million Fund for Founders

According to a blog post dated November 9, Polygon Village has a newly created grant of over 110 million MATIC (over $91.3M), available for diverse projects at any stage of development and of any type, whether gaming, decentralized finance (DeFi), app chains, infra, or social.

Late-stage projects can receive direct grants of up to 2 million MATIC per grant from the Polygon Foundation, while early-stage projects are encouraged to apply for quadratic funding grants. Polygon Labs noted that two quadric funding grants went live today, with more to come.

The company also encouraged new developers to explore its Village Build Ideas.

“Teams looking for inspiration can browse a series of high value ideas developed within Polygon Labs and with ecosystem participants. In addition to the Village grants, 1:1 mentoring and support will be available to teams who select from a catalog of pre-prepared ideas that could become fully realized projects,” the blog read.

In addition to grants and ecosystem-centered build ideas, Polygon Village will offer strategic support and mentorship, among other personalized programs.

Tailored Village Startup Support

Founders enrolling in the Polygon Village will have access to a customized support program featuring guidance and an elite network for one-on-one mentorship opportunities.

Besides accessing direct support from solution providers in the Polygon ecosystem, the program will also allow founders to apply for vouchers and receive material discounts on fees for technology services. This includes services in categories like storage solutions, smart contract audits, and compute solutions.

Stay updated on Polygon 2.0 Roadmap proposals:
Polygon 2.0: Phase 0 Proposals Released for Community Review

Read this to learn more about the MATIC to POL upgrade:
How Polygon’s MATIC to POL Upgrade Unlocks the Polygon 2.0 Vision

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.