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Jafrin Ahmed
May 17, 2022
by Jafrin Ahmed

Polygon, Fantom and Others Seeking to Attract Terra-based Projects

Polygon Fantom Terra projects
Polygon, Fantom and other blockchain platforms are trying to lure Terra-based projects, following the catastrophic collapse of its ecosystem.

Polygon, Fantom Extends Support to Terra Developers

In response to numerous Terra-based projects migrating to other networks in the aftermath of the Terra (LUNA) collapse, major blockchains like Polygon and Fantom are trying to attract Terra developers by offering assistance, supportive capital and other resources.

On Monday, Polygon Studios' CEO Ryan Wyatt tweeted that the Polygon community "is ready to welcome the developers and communities of these Terra projects." The layer-2 scaling solution also revealed working with a number of Terra projects to assist them migrating to the Polygon Network.

The next day, Fantom too extended its support to the Terra community by offering a grant program to help with integration, marketing and connections.

Other Blockchains Too Following Suit

Juno, an interoperability-focused smart contract network that shares similarities with Terra’s technical architecture, introduced a new governance proposal asking approval for incentives for 1 million JUNO tokens worth $7 million for Terra projects who wish to migrate.

The proposal further stated that several Terra projects had expressed interest in migrating to Juno Network.

Similarly, Stargaze and Injective Protocol have also shown support on Twitter for migrating Terra-based projects to their chains.

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Polygon, Fantom and Others Seeking to Attract Terra-based Projects
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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