Polygon wants to hand out $78M to boost on-chain activity

Polygon will reintroduce Polygon Village and hand out 110 million MATIC to ecosystem developers

article-image

Atstock Productions/Shutterstock modified by Blockworks

share

Polygon Labs has reimagined Polygon Village — a new place for grants, mentorship and networking for Polygon ecosystem developers.

More than 110 million Polygon MATIC (~$78 million) will be distributed to projects and builders in the Polygon ecosystem as part of its relaunch, in hopes of spurring more on-chain activity.

Polygon PoS is one of the largest blockchains today, with a total value locked (TVL) of $1 billion, according to information on DeFiLlama. Polygon’s zero-knowledge (zk) solution, Polygon zkEVM, on the other hand, has a TVL of roughly $22 million. 

Projects at any developmental stage and of any type will be able to apply for grants. This includes DeFi projects, app chains, gaming, infrastructure and social startups.

Up to 2 million Polygon (MATIC) will be given as direct grants to later-stage projects from the Polygon Foundation, and early-stage teams will be able to apply for quadratic funding grants. 

There are two quadratic funding grants that will be available as of today, with more grants to be revealed in the near future.

Read More: Kevin Owocki on building a ‘pro-topian’ future for blockchains

Beyond grants, Polygon Village will also provide other support for projects in its ecosystem. It will also offer mentoring opportunities and introductions to VCs.

Founders who are a part of Polygon Village will also gain access to builder houses and co-working spaces located in New York and Lisbon. 

Vouchers and discounts in security and smart contract audits, storage, computing, oracle infrastructure and others will be offered to interested founders. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Unlocked by Template (7).png

Research

Union’s improvements upon Tendermint consensus through CometBLS, coupled with ZK proving through Galois, allow for a broadly scalable, cost efficient, and low latency IBC implementation that is feasibly scalable across every existing blockchain, virtual machine and runtime. The implementation offers modular crosschain interoperability without the need for trusted intermediaries.  

article-image

Kraken’s chief security officer Nick Percoco said the exchange turned the tables on a North Korean hacker

article-image

Or is it approximately the least cypherpunk thing we could do?

article-image

Over 20% of SOL-USD swap volume goes through SolFi

article-image

CEO Vlad Tenev calls expected clarity on listing crypto asset securities “a big opportunity”

article-image

Big Tech pulled US indexes back into the green Thursday, as investors waited for two more Mag 7 first-quarter reports after the bell

article-image

Charts and takeaways from Tuesday’s jobs report and Wednesday’s GDP print, as the economy digests the tariff war