Polygon Launches Community Grants Program for Web3 Projects

South Korea Introduces Guidelines for NFTs as Virtual Assets


Community Treasury and Funding

A neutral Community Treasury Board will oversee the newly established Community Treasury, which will manage the funds. The first season of the Community Grants Program (CGP) has begun, with 35M $MATIC tokens set aside for selected projects.

Professional Grant Allocators will distribute a portion of the Season 01 funds to ensure fair allocation and support developers and projects within the Polygon ecosystem.

The Community Grants Program offers two tracks:

General Grant Track: Open to any project building on Polygon, focusing on developer tools, protocol infrastructure, and dApps.Consumer Crypto Track: Targeted at projects that drive crypto adoption through consumer applications, including gaming, gamified commerce, NFT innovations, and content creation.

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The grants will support both new projects and those migrating to Polygon, with a focus on long-term development and community governance.

Grant applications are open from June 11 until August 31, and will be reviewed on a rolling basis, with an average four-week turnaround for grant allocation.

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