Polygon announced the formation of a Community Treasury Board tasked with allocating $100 million annually, starting with 35 million MATIC for its inaugural season. The initiative aims to bolster Polygon’s community-governed blockchain network, supporting projects built on or migrating to its platform. Early beneficiaries include Quickswap and Intraverse. The application window for grants is open until August 31, 2024, targeting diverse blockchain applications. Scrutiny over fund distribution and project selection will be pivotal for program success.
