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Polygon Launches Village Startup Support to Boost Web3 Development

Polygon, the Ethereum-based layer-2 scaling protocol, is making an impressive move to expand its developer ecosystem. On its official X page, Polygon unveiled the birth of Village Startup Support, a “tailored support program for select founders offering immersive guidance, strategic support, 1:1 mentorship, and access to an elite network.”

The program is designed to help web3 startups overcome the challenges of building in the decentralized space and accelerate their growth and adoption. Polygon Village will provide the selected founders with technical, business, and marketing support, as well as access to Polygon’s network of investors, partners, and mentors.

According to Polygon, the program received over 160 applications from web3 projects across various domains, such as gaming, NFTs, DeFi, social, and more. After a rigorous selection and vetting process, 17 founders were selected for the first cohort.

The selected projects include AlphaCapture, a platform for tokenized investment strategies; Buktrips, a marketplace for resellable hotel room bookings; Chainers, a next-gen blockchain game for fun-seekers; DEFIT, a web3 lifestyle app that rewards users for their sport activities; Ecoland, an eco-friendly game with real-life impact; and more.

Polygon Village is part of Polygon’s broader vision to foster a vibrant and diverse web3 ecosystem that can challenge the dominance of Cardano, the leading smart contract platform that boasts over 2,000 dApps and 1.5 million users.

Polygon, formerly known as Matic Network, has been on a major growth course in the past few years, with notable network milestones to show for it. In 2021, Polygon processed over 7 billion transactions and onboarded over 3,000 dApps and 100 million users. Polygon also became the leading platform for NFT innovation, hosting some of the most popular NFT projects, such as Aavegotchi, Decentraland, OpenSea, and more.

Now, Polygon is aiming at an upgrade to Polygon 2.0, with plans to rebrand MATIC to POL in the near future. Polygon 2.0 will introduce new features and improvements, such as Polygon SDK, a modular framework for building custom blockchains; Polygon Hermes, a zero-knowledge rollup solution for scalability and privacy; Polygon Avail, a data availability layer for fraud-proof systems; and more.

Polygon Village is now accepting applications for its second cohort, which will start in April 2024

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