The historic collapse of the Terra (LUNA) project has been the subject of much comment in recent months. And some people were counting on taking advantage of it, like the scalability solution Polygon (MATIC). Its CEO recently announced that several dozen projects have joined its fold.
Terra projects migrate to Polygon
As a reminder, Polygon had started to make eyes on Terra’s projects at the end of May. Ryan Wyatt, the CEO of Polygon Studios, announced at the time that he was releasing a multi-million dollar fund to support the developers and help them migrate:
An initiative of course not entirely philanthropic, Polygon could benefit from the influx of large-scale projects that suddenly found themselves with their beaks in the water. And it worked: Ryan Wyatt confirmed over the weekend that 48 projects from Terra have migrated to Polygon. Among them, some famous projects, including One Planet or Derby Stars. There is also the metaverse platform Lunaverse (LUV).
As a reminder, Polygon is a scalability solution based on the Ethereum blockchain (ETH). Its token, MATIC, is in the top 20 most capitalized cryptocurrencies, with a current market cap touching $4.3 billion.
