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3.Terra projects band together in migration to Polygon ecosystem
Projects formerly running on the fallen Terra blockchain have collaborated to help each other migrate over to the Polygon layer-2 network.
More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by migrating over to Polygon.
Polygon Studios CEO Ryan Wyatt expressed delight at his network’s ability to onboard many projects to the ecosystem in a Saturday tweet. He hinted that Polygon’s multimillion-dollar Terra Developer Fund has been effective in attracting the talent that was unexpectedly flung into limbo when Terra collapsed in May.
Polygon is a network that serves as a layer-2 scaling solution for the Ethereum network.
Among the higher-profile projects to move to Polygon are the Lunaverse (LUV) metaverse platform, the OnePlanet nonfungible token (NFT) marketplace and the Derby Stars play-to-earn (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.
OnePlant’s Saturday blog post outlines how Ark*One has helped “A total of 48 NFT projects, encompassing 90 NFT collections” port over to Polygon
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