Join today to get full access to our basics to advance crypto courses, exclusive insights, research & analysis.
Altcoin

Polygon contributes $100M to ‘Supernets,’ Powered by Polygon Edge

23 Apr 2022 : 06:55
2 min read
  • Polygon has launched a new dedicated blockchain network which will be called the Supernets
  • Polygon network also plans to commit $100 million for the projects that will use Supernets
  • For those who don't want to get knee-deep in technicalities, Polygon also introduced Edge Certified Partners

Polygon has launched a new dedicated blockchain network which will be called the Supernets, and also announced that it will commit $100 million to the projects that use this new feature rolled out by the Ethereum scaling solution. This new ‘dedicated’ network, described as “Edge networks on steroids,” aims to solve a number of challenges that projects on Edge face. 

Enter Polygon Supernets

There are numerous applications and features that Polygon Supernets bring, as described in the announcement

  • Supernets will be dedicated, i.e., each Supernet is built and run for a specific application, project, or use case. This “dedicated Web3 hosting” will solve a lot of issues for Polygon users. 
  • Moreover, Supernets will be secured by Polygon’s native token, MATIC. The network has introduced a “shared security” layer in the form of a MATIC-staked validator marketplace. “Projects that opt-in for this service will instantly get access to a decentralized, reliable Proof of Stake validator set and skip the challenges of bootstrapping a validator network,” described the announcement.
  • The Supernets are connected with each other and also with Ethereum, which will allow projects to exchange value and messages.
  • For those who don’t want to get knee-deep in technicalities, Polygon also introduced Edge Certified Partners, a group of certified dev shops and teams to help out projects reach their goal. 

$100M committed to Supernets

Polygon network also plans to commit $100 million for the projects that will use the Supernets. The funds will be used for: 

  • Development contracts and grants;
  • Research contract and grants;
  • Third-party integrations and partnerships;
  • Project onboarding and migration;
  • Liquidity mining;
  • Acquisitions.

​​”For mass adoption of Web3 to take hold, it is critical to abstract the complexities of blockchain development and simultaneously offer scaling ability and personalization,” said Mihailo Bjelic, Co-founder of Polygon. “Polygon Supernets deliver all this, enabling any project to fast-track their blockchain ambitions and join the growing Polygon multi-chain ecosystem.”


About Author

Parth

More articles by this author

A writer, an author, a freelancer with writings in over 50+ niches, an editor, a proofreader, a music enthusiast, a YouTuber, a podcaster, and someone, who puts consistent efforts each day to make sure his creativity is noticed. What's more? He loves cryptocurrencies.

Post a Comment

GET YOUR CRYPTO DAILY BRIEF

Delivered daily, straight to your inbox.