Following the Terra (LUNA) collapse, a number of networks including Polygon, Fantom, and Binance networks have expressed their willingness to help Terra blockchain projects. In the recent event of the crypto market downturn and Terra (LUNA) breakdown, a number of developers have been left in limbo.
Saving Terra blockchain projects
The Terra-based projects may be able to save their communities and initiatives by shifting to other networks. After the events of the previous week, the transition actions will surely assist in their recovery.
The role of Polygon Studios
Polygon Studios’ CEO Ryan Wyatt tweeted on Monday that Polygon is engaging with a number of Terra games to aid them in transitioning to the Polygon Network. The transition will help both the Polygon (MATIC) community and Terra projects. According to Wyatt, the Polygon community is prepared to embrace the creators and communities of these Terra initiatives. Polygon will also give the funds and resources required to support companies in their migration.
Fantom (FTM) network
Blockchain project on the first layer Fantom (FTM) also expressed its support for the Terra community. Fantom’s team also laid out a grant programme to assist with integration, marketing, and relationships.
Any Terra Luna projects out there looking for a new chain, please PM us.
Fantom’s uptime is 100%, fast, low-cost, and reliable, with a great community.
Can assist with a grant program, integration, marketing, and connections.#terra #Terra_Luna #Luna
— Fantom Foundation (@FantomFDN) May 15, 2022
Binance network
Terra’s founder, Do Kwon, eventually stood up following the events of Terra’s failure and proposed a solution for its recovery. One of the proposals being discussed is the implementation of a hard fork in the Terra network. However, because there is already an oversupply of LUNA on the market, Binance CEO Changpeng Zhao believes that this strategy will fail. Regardless of his doubts, Zhao agreed to help the Terra community.
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