Terra’s destruction left behind a plethora NFT projects, developers, and their ecosystems. Nearly 50 crypto projects and the coders who were based on that network lost their homes two months later have found new homes in Polygon.
These projects include P2E metaverse and Lunaverse. The projects include P2E metaverse, Lunaverse, the A.I., and Terra’s more popular PFP collections like Hellcats or Babybulls. Ryan Wyatt, CEO of Polygon Studios, confirmed the numbers in a tweet. Wyatt stated that the projects have allied to move into the Polygon network.
“It was amazing to welcome all these talented developers into our vibrant ecosystem!” Welcome!”
There were several competing blockchains that tried to attract developers whose work was threatened by Terra’s implosion. Wyatt also stated that Polygon would be financing the fund using the $450 million raised by Sequoia Capital India. OnePlanet, a Terra-based NFT platform, was the first to receive funding from Polygon. The team of 30 people has now moved to the blockchain. OnePlanet, which was comprised of around 30 people, also helped other NFT project’s migrate via an initiative called ArkOne.
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