Polygon Commits $100,000 to Scale Ethereum Ecosystem in Gitcoin Grants Round 12

Polygon, which earlier announced a $1 million donation to Gitcoin in support of digital public goods, is setting aside $100,000 for projects looking to advance its own ecosystem, the leading solution for scaling Ethereum.

The matching pool will use a Quadratic Funding model, allowing the community to decide how to allocate half of the money. The funds are part of Polygon’s $200,000 overall contribution to Gitcoin’s Grants Round 12, which kicks off on Dec. 1 and runs through Dec. 16, 2021.

Polygon holds sole discretion on which grants are suitable for its side round, and the key eligibility factors are:

  • The grant must support or directly advance the Polygon community, the protocol, or both. The product should either already be deployed or should be in the planning phase of deployment on Polygon.
  • The grant may not have any form of quid pro quo with financial value (a scenario in which a user gets some additional unique benefit/award in return for their donation).
  • The grant owner must be directly affiliated with the project, and the funds must go to the project.
  • The grant should be focused on accomplishing the following for Polygon:
    • Usability - improving the user experience
    • Community - growing the Polygon ecosystem
    • Tooling - improving the developer experience
    • The project should not have its own token, or have raised VC funding
    • The grant should be open source

Also read: Why Web3 Developers Are Choosing Polygon Over Other Solutions

Polygon, is an open-source project built by a decentralized team of contributors from all over the world, and has been an active supporter of the broader software development community. The goal behind the Gitcoin donation is to encourage and support the developer community worldwide in building the foundations of Web 3.0. That said, we do have some specific focus areas in mind.

  • Integrations and bridges
    • Cross-chain DeFi and NFT bridges, multisig apps integrations for Gnosis Safe on Polygon
    • Adding useful functionalities on top of Polygon NFT minter
    • Tools/gaming engine plugins to ease gaming integration with Polygon
  • Analytics & dashboards
    • Connext dashboard showing inflows and outflows from other blockchain platforms to Polygon
    • Dune Analytics dashboards showcasing interesting figures and comparisons of different Polygon DApps
  • Dapps
    • NFT/gaming 
    • DeFi 
    • DAO tooling/governance protocols

Polygon will be hosting an AMA in the next couple of weeks, where you will be able to ask questions and hear directly from the team on what to expect for the upcoming round.

To create a new grant and get it approved for matching from Polygon’s pool: 

  • Head to Gitcoin.co and create a Grant
  • Select the Polygon tag and any other relevant tags for your grant. 

Note: Grants are only eligible to receive contributions after approval. Grants need to be approved for listing on the Gitcoin decentralized funding platform, and the Polygon tag is subject to review and removal if eligibility criteria are not met. 

To update an existing grant and receive matching from this pool:

  • Open a Github Issue here, requesting to add the Polygon tag to your grant. Note: The Gitcoin team will verify that your grant qualifies based on Polygon’s eligibility policy. If it does, your grant will be included in the round. Please allow 48-72 hours for this to be reflected.

Gitcoin is the largest implementation of Quadratic Funding, a radically democratic approach to allocating resources for public goods. Since its founding in 2017, Gitcoin has facilitated over $40 million in funding for open-source software, including notable projects such as Uniswap and 1inch. Thanks in part to Polygon’s contribution, one of the largest donations ever for Gitcoin, the upcoming Grants Round main matching pool will set a new record, eclipsing the high of $815,000 in the previous round.

Also read: Polygon Donates $1 Million to Gitcoin, Adds Checkout Option For Grants

Polygon will also be available to check out grants, making it easier and more affordable for Gitcoin’s growing community of over 200,000 supporters to fund public goods. Until now, grants could only be funded with either Ethereum or zkSync.

If you are a developer, click here to learn how you can earn by participating in sponsored hackathons, bounties, and funded community Gitcoin grants. If you have a problem that needs solving, learn how you can fund a grant here. Keep up with the latest news on Polygon Developers twitter channel, take a deep dive into the available blockchain technology resources or say hi on Discord.

Be a part of our social ecosystem!

Website | Twitter | Ecosystem Twitter | Developer Twitter | Enterprise Twitter | Studios Twitter | Telegram | Reddit | Discord| Instagram | Facebook | LinkedIn

More from the Polygon Blog
Polygon Announces Polygon Miden - A STARK-Based, Ethereum-Compatible Rollup

TL;DR: We are excited to announce the newest member of the Polygon solution suite - Polygon Miden, an upcoming STARK-based, EVM-compatible rollup. The project is led by Bobbin Threadbare, former Facebook’s core ZK researcher who led the development of Winterfell. Today we are releasing Polygon Miden’s core component - Miden VM, the first open-source STARK-based […]

Read More
Why Web3 Developers Are Choosing Polygon Over Other Solutions 

When it comes to deploying on Ethereum, there is only one place that lets developers easily migrate their projects, offers a broad range of scaling options and has some of the industry’s lowest transaction rates. These are just some of the reasons why the number of teams using Polygon jumped 100-fold in the past year. […]

Read More
EY and Polygon to co-develop Ethereum scaling solutions for enterprises and launch Polygon Nightfall - a privacy-focused Rollup

EY, a global professional services and technology firm, is collaborating with Polygon on building and implementing scaling and enterprise solutions for the Ethereum ecosystem. As part of this collaboration, EY and Polygon will work on Polygon Nightfall, a public, privacy-focused Rollup. In addition to this, EY will offer its other flagship blockchain products on Polygon […]

Read More
What's new in matic.js v3

Matic.js is an open-source javascript library for interacting with the Polygon bridge. It provides APIs for deposits, withdrawals, transfers, etc. The latest version v3 is an all-in-all improvement over its predecessor, which was used in multiple applications. The newest iteration was developed after analyzing and understanding several improvements, feedback, and issues sourced from our community. […]

Read More
Bringing Blockchain to real use cases: Next 2 Billion users

Polygon will be at Blockchance to present findings from its month-long Africa tour about the state of blockchain on the continent.  Polygon Hermez undertook the journey with the support of the Ethereum foundation and found a booming and vibrant blockchain community. On Dec. 4, Polygon’s Enterprise Lead Antoni Martin will present our insights from the […]

Read More
Wintermute Announces $20M Fund To Bootstrap Polygon Dapp Development

The first funded project is Router Protocol, a crosschain messaging protocol that aims to build infrastructure enabling seamless communication between various blockchains. Wintermute, a leading digital asset market maker, and Polygon, an Ethereum scaling platform onboarding millions to the Web3, have today announced a strategic partnership to grow the Polygon ecosystem. Wintermute is launching a […]

Read More