Around 48 crypto projects which were based on the failed Terra ecosystem have found its revival by migrating Polygon.
Polygon Studios CEO Ryan Wyatt expressed delight at his network’s ability to onboard many projects to the ecosystem. He hinted that Polygon’s multimillion-dollar Terra Developer Fund has been effective in attracting the talent that was unexpectedly flung into limbo during the fall of Terra.
Polygonis is a network that serves as a layer two scaling solution for the Ethereum network. Among the higher profile projects to move to Polygon are the Lunaverse Metaverse platform, the OnePlanet NFT marketplace, and the Derby Stars P2E game.
OnePlanet has been instrumental in helping other NFT projects migrate to Polygon. It has become a platform dedicated to assisting NFT projects from Terra with its Ark*One initiative. Since June 15, Ark*One has reduced the support it provides to aspiring projects, but the team says it will still provide technical support for projects who want to migrate from Terra and allow projects to launch on Polygon using its launchpad.
Polygon appears to have been more successful at attracting Terra projects than the VeChain ecosystem and it does not appear that many projects have made the move to the layer-1 ecosystem despite VeChain openly welcoming Terra developers to apply for a grant.
