Sunday, October 1, 2023
HomeTop NFT CollectionTerra Projects Flee to Polygon Following the UST-LUNA Collapse

Terra Projects Flee to Polygon Following the UST-LUNA Collapse

Numerous NFT projects, developers, and their ecosystem have been left behind in Terra’s wreckage. Two months later, nearly 50 crypto projects based on a collapsed network and their coders found a new home in Polygon.

  • The project includes P2E Metaverse, Lunaverse, AI-generated NFT Universe, DystopAI, and Terra’s more successful PFP collections such as Hellcats and Babybulls.
  • In the tweet, Polygon Studios CEO Ryan Wyatt Confirmed Numbers indicating that these projects have formed an alliance to move to the Polygon network.

“It was great to help and welcome all these great developers to our thriving ecosystem! Welcome!”

  • Several competing blockchains have sought to attract developers whose work has been compromised by Terra’s implosion.
  • I also had Wyatt Said Polygon will invest capital and resources in these transitions to welcome developers and their communities to the platform.
  • The Layer 2 blockchain built on Ethereum shortly thereafter announced a “relatively unlimited multi-million dollar fund.”
  • Polygon planned to fund the fund with the support of a recently raised $ 450 million led by Sequoia Capital India.
  • Terra-based NFT Marketplace One Planet is the first Polygon-funded marketplace. A team of about 30 people has moved to the blockchain. Interestingly, OnePlanet has also helped migrate other NFT projects through a new initiative called ArkOne.
  • After considering key factors such as mass adoption, market opportunities, stability and infrastructure level support, OnePlanet publication In partnership with Polygon, it will be the entire dedicated marketplace for migrating Terra NFT projects to the Polygon ecosystem.
  • Meanwhile, another high-profile Metaverse P2E game, Derby Stars, has moved to Polygon.
Special offer (sponsor)

Binance Free $ 100 (Limited): Use this link Register for the first month of Binance Futures and receive $ 100 free and 10% commission ((((Clause).

PrimeXBT Special Offer: Use this link Register and enter your POTATO 50 code to receive a deposit of up to $ 7,000.

- Advertisment -
Google search engine

Most Popular

Recent Comments