The Matic Ecosystem Initiative — Blog

‘Our Mission to Spearhead India’s Rise to prominence in the Blockchain Era’

As the beneficial impacts of blockchain technology become more widely understood, nations across the globe are gearing up to build a decentralized future. Home to some of the world’s most talented, up-and-coming blockchain developers and projects, India’s decentralized movement is thriving. The frequency of India-based hackathons, meetups, and conferences is a telling indicator of the growing movement for blockchain development and adoption. However, barriers to entry and challenges in gaining recognition in this fledgling blockchain space still persist for Indian developers and projects alike.

Matic Network is therefore committed to using its industry platform, knowledge and influence to facilitate the road to India’s bright and decentralized future.

Opening the Door to India’s Bright Decentralized Future

To see Matic’s vision resonate so strongly with the blockchain community has been a huge honor. Our momentum and progress are emblematic of India’s greater decentralized movement. The ongoing support of prominent blockchain organizations such as CoinbaseBinance, and Decentraland has provided Matic Network with a strong platform of credibility; this has provided India’s community of talented developers with a doorway for valuable contribution to Matic Network and the blockchain space.

To continue widening the doorway for India’s blockchain community, Matic Network tirelessly strives to align itself with the wider decentralized movement, representing India in multiple domestic and international blockchain events such as IIT Bombay, IIT Roorkee, and ETH Global Events like ETHNewYork, ETHSingapore, & ETHIndia. This past month, Matic most recently hosted [email protected] in Bengaluru and sponsored the first-ever Blockchain Stage at E3 in Los Angeles.

Building a Strong Foundation for Indian Blockchain Developers

According to the Evans Data Corporation, India will be home to the world’s largest number of domestic software developers by 2023. Many are already trying their hand at building India’s decentralized future and many more are expressing an interest in doing so. However, as cutting-edge as blockchain technology is, entry into blockchain development is difficult for general developers. By providing developer-friendly SDKs and a vibrant and active community, Matic hopes to empower Indian developers that will be equipped to thrive in the blockchain era. We have been humbled to witness this first hand during our ongoing hackathon efforts at [email protected].

Matic’s efforts to seek out and empower India’s blockchain developers do not stop with our hackathon endeavors. Through our Developer Support Program, India’s budding blockchain developers will be provided with technical, financial, talent sourcing, and outreach-related support. It’s imperative that we position developers in the best way possible for them to build innovative solutions. We’re also actively conducting outreach to India’s educational institutions to bridge the gap between the academic community and blockchain space.

Showcasing Local Teams & Projects

Matic’s vision of facilitating mainstream-level scaling has clearly resonated overwhelmingly with the blockchain community, and we are grateful for the industry spotlight received thus far. Wherever possible, we are keen to direct this attention to local projects in order to demonstrate, promote and support India’s accelerating decentralized movement. Matic has thus far worked to propel a variety of India-based projects, including “P2P payments platform” — Cryptostaw, “Blockchain & trading news aggregator” — CryptoControl, “LinkedIn on Blockchain” — SpringRole and many more with CryptoControl and SpringRole already having huge adoption with exponentially growing user base.

How Matic Intends To Help

At Matic, we feel it’s our duty to support teams that are building on Matic and share our vision of an open, decentralized future. With this in mind, we intend to leverage our platform to help accelerate this movement. By rewarding grants and offering guidance we feel that we can act as an invaluable resource for these young, ambitious blockchain projects.

Thus, projects participating in the Matic Ecosystem Initiative will have the opportunity to reach an extremely large and passionate audience rapidly, if they so wish to, and get the opportunity to undertake their token sale in MATIC tokens from our widely distributed community of MATIC token holders (subject to fulfillment of all legal/AML/KYC requirements put forward by the concerned project).

As part of this process moving forward, we will also be working with several institutions hand in hand to fast-track this growth. In particular, Focus Labs, an NYC based VC and Matic investor, will play a critical role in the evaluation and guidance of Matic Ecosystem projects.

A Major Announcement

As part of our inaugural Ecosystem initiative project, we could not have found a stronger project than Marlin Protocol. Founded by graduates from the Indian Institute of Technology Bombay (IITB) and backed by marquee institutional investors like Binance Labs, Layer 0 scaling solution Marlin Protocol is a particularly innovative project which Matic is excited to be closely supporting on their journey as it has direct add-on benefits for Matic’s sidechains. Matic can use Marlin Protocol on the sidechain network to further scale the already massively high performing sidechains. Furthermore, in order to increase the collaboration and engagement between our communities, a sum of $250,000 in Marlin’s private sale shall be conducted in Matic tokens from Matic’s community. Please stay tuned to our announcement channels for more information on how to participate!

Note — Although Marlin Protocol private sale is a part Indian Blockchain development initiative, we will be having multiple global projects collaborating with Matic for their token sale using Matic Token/Sidechain in near future.

Conclusion

Matic is committed to ensuring India holds a prominent position in the building of the global decentralized future; it will do its part on several fronts to pave the way for India’s contribution towards the mainstream adoption of blockchain technology. India, it’s time for us to #BUIDL

Thank you for reading- please sign up for our email list if you’d like to receive updates from our end.
To keep up with the upcoming announcements please follow us on our BlogTwitter and Telegram announcement channel

More from the Polygon Blog
The Many Lives of Tokens

Tokens are the élan vital of Web3 networks, and projects are often perceived through the price at which they trade. But token price, subject to market sentiment and speculation, is not synonymous with token value. To understand the fundamentals, we must first unpack the different ways that value accrues to tokens in the new Internet […]

Read More
Going Beyond the Green Manifesto: Our New Impact Commitment 

With Ethereum’s Merge finally upon us, we’ve been thinking about how this historic milestone will affect our sustainability efforts. Polygon’s initial commitment to become carbon neutral and eventually carbon negative was largely addressing emissions generated by our relationship with Ethereum. The Merge dramatically changes that equation. Ethereum’s transition from Proof-of-Work to Proof-of-Stake consensus, known as […]

Read More
Starbucks Taps Polygon for Its 'Starbucks® Odyssey' Web3 Experience 

Today, we are thrilled to announce that Starbucks Coffee Company is working with Polygon to provide the blockchain technology to build its recently announced Web3 experience, Starbucks Odyssey. As a result of the partnership, this new Web3-powered experience will allow Starbucks Rewards loyalty program members and Starbucks partners (employees) in the United States to earn […]

Read More
Polygon Avail’s Ability to Scale: What We Can Improve Next

The Polygon Avail Testnet is now live. As users begin incorporating Avail into their chain designs, a question that often comes up is, “How many transactions can Avail process?” This is Part Two in a three-part series of articles that will address Polygon Avail’s current performance, as well as its ability to scale in the […]

Read More
Ethereum Merge FAQ and Common Misconceptions

Ethereum’s much-anticipated transition to the proof of stake (PoS) consensus, known as the Merge, is almost upon us. It’s a momentous event with broad-ranging implications for the greater Ethereum ecosystem. So we wanted to provide a definitive list of frequently asked questions (and answers) as well as address some of the common misconceptions, both of […]

Read More
Polygon-Powered Icetea Labs Accelerator Launches With 6 Startups

Polygon has teamed up with Alpha Venture DAO and Icetea Labs to launch the inaugural Icetea Labs Accelerator Program for blockchain startups.  Working in a tight three-way partnership, Polygon is co-creating an accelerator to funnel resources, mentorship, education, and business acumen to promising Web3 companies from around the world. The startups selected for the accelerator […]

Read More
Apply to Polygon Bootcamp Africa and Kickstart Your Web3 Developer Journey

Applications are open for Polygon Bootcamp Africa, launched in partnership with Xend Finance! The eight-week intensive educational course and hackathon combo will put developers in Africa on the Web3 map.  This is Polygon’s biggest step in providing resources to developers, builders, and creators in Africa, and it comes during an important time.  An internet and […]

Read More
ZK White Paper: Efficient ZK Proofs for Keccak

As part of our ongoing efforts to inform the Ethereum community about the efforts of Polygon’s zero-knowledge (ZK) teams, we will be posting a series of technical papers by our engineers and researchers. We hope that everyone who’s interested in the inner workings of Polygon’s ZK projects, Ethereum itself, and cryptographic engineering in general will […]

Read More
crossmenuchevron-down-circle