The Polygon ecosystem is receiving an important funding boost as a result of a collaboration with blockchain venture capitalist AU21 Capital, which means a wider adoption of the Ethereum-compatible platform could come.
This $21 million Polygon Ecosystem Fund was created to offer direct funding support for projects built on top of Polygon that look like they may have potential. The plan is for the fund to offer business development, marketing support, and human capital incentives.
AU21 has also shown support for other important projects, like Elrond, The Graph, and Casper Labs.
“First, Polygon’s coordination with Ethereum allows us to capture an already active ecosystem. Second, Polygon’s exceptional development potential has already been realized through a number of partnerships with top DeFi protocols, creating an important framework for future development on Polygon’s infrastructure,” declared the manager of the AU21 Polygon Ecosystem Fund, Alexi Nedeltchev.