Ethereum scaling solution Polygon has <a href="https://blog.polygon.technology/introducing-polygon-supernets-powered-by-polygon-edge-100m-ecosystem-fund/" target="_blank" rel="noopener">announced</a> a $100 million developer fund for a new dedicated blockchain network called the Supernets which aims to foster an ecosystem of projects focused on innovation on the Polygon network and Web3 in general.

The funds will be used for grants to developers and projects built on top of Supernets and are immediately available and can be used for development, research, third-party integrations, project onboarding, and acquisitions.

Supernets uses Polygon Edge, a framework for developers to run their own private networks with customizable features with full support for Ethereum smart contracts, meaning anything that would run on Ethereum will also run on a Supernet.

With Supernets communicating with one another and Ethereum, applications hosted in these dedicated networks can be interlinked as well. This allows developers to rapidly spin up their own ecosystems or connect to other Supernet-hosted or Ethereum apps without any changes to their code.

Polygon Launches $100M Developer Fund Who Uses its Supernets Blockchain

Ethereum scaling solution Polygon has announced a $100 million developer fund towards a new dedicated blockchain network called the Supernets.

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.

Polygon Launches $100M Developer Fund Who Uses its Supernets Blockchain

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