Sunday, September 8, 2024
HomeDeFiPolygon announces $100 million grants for Supernets

Polygon announces $100 million grants for Supernets

Polygon launched a new developer framework named Supernets. Polygon also announced a $ 100 million grant fund to promote Supernets’ development. 

Polygon announced Supernets

A Mumbai-based ETH growing solution has announced a Polygon Supernets, also it will fund $100 million in projects that want to develop through a specialized Supernet chain.

Polygon hopes that the latest upgrade would assist companies in launching dApps on both private and public blockchain networks. According to a press release, Supernets are based on the current Polygon Edge architecture, but with enhancements to assist simplify the onboarding process.

Supernets on polygon edge

Supernets will provide corporations with their own safe, decentralised blockchains, while Polygon Edge shares network validation. Developers can choose between a Supernet Sovereign Chain and a Shared Security Chain. Polygon claims that a Sovereign Chain is a network administered by a single professional validator that will assist reduce deployment and maintenance expenses. 

Supernets will develop on Polygon Edge. Supernet, according to the researchers, may enable projects to manage millions of daily users and millions of transactions each day.

Polygon isn’t the only network working to create decentralised blockchains. DeFi Kingdoms, a play-to-earn game, was just released on Avalanche’s DFK Chain network.

Polygon on Avalanche footsteps

Polygon, like Avalanche, hopes to target blockchain games and services that require a lot of transactions. Because it has already experienced congestion, Supernets may provide the necessary scalability enhancements to support broad adoption.

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