Official Polygon announcements and financial statements

Polygon Launches Season 01 of $720M Community Grants Program with 1 Billion POL Allocation

Jun 11, 2024, 02:00 PM

Polygon has announced the launch of its Community Grants Program aimed at supporting developers within the Polygon and Ethereum ecosystems. The program will distribute 1 billion POL (also known as MATIC) over the next 10 years. In the first season, 35 million MATIC has been allocated to fund promising projects. The initiative is designed to enhance scalability, security, and community support for blockchain projects on the Polygon network. Additionally, $800,000 in MATIC grants have been secured for consumer crypto developers and builders to bring value to the ecosystem. Season 01 of the program marks the beginning of this effort, supported by a $720M Community Treasury.