Polygon Blockchain Gets Another Boost with Blocto’s Launch of $1mln Grant Program July 24, 2023 July 24, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 24, 2023 by Kelly Cromley

Polygon Blockchain Gets Another Boost with Blocto’s Launch of $1mln Grant Program

Blocto, the cross-chain wallet application and multi-chain Web3 ecosystem, has unveiled a $1 million grant program to expedite user onboarding to Web3 through seamless and secure wallet creation on the Polygon protocols. The program offers incentives of up to $1 million for projects building on Polygon, providing financial support, developer tooling resources, and access to Blocto’s extensive user base, developer relations teams, and communication channels.

Fast-tracking Web3 Adoption on Polygon

Projects interested in participating can apply through Blocto’s Ecosystem Program page, with rigorous evaluation by the Blocto committee. The assessment will focus on project impact, innovation, feasibility, and alignment with Blocto’s strategic business objectives.

Emphasizing Account Abstraction (AA) Capabilities

Blocto’s efforts to enhance account abstraction (AA) capabilities in the Web3 ecosystem were highlighted at the EthCC, where they announced the launch of their AA-compatible wallet. This wallet enables everyday users to effortlessly interact with digital assets, promoting a seamless user experience.

Commitment to Web3 Ecosystem Growth

Hamzah Khan, director of growth at Polygon Labs, expressed their vision of scalable, affordable, secure, and sustainable blockchain technology for Web3, praising Blocto’s cross-chain wallet application for providing dApp builders and Polygon ecosystem projects with easy access to blockchain wallets.

Empowering User-Friendly Web3 Technologies

Hsuan Lee, co-founder, and CEO of Blocto emphasized their commitment to empowering individuals to engage with Web3 opportunities without the complexities of managing digital assets. The integration of Blocto with the Polygon protocols aims to create user-friendly and secure portals for frictionless onboarding experiences, contributing to the democratization of blockchain technologies and fostering widespread adoption of next-generation tech innovation.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.