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Cryptocurrency News Articles

Polygon Community Grants Program (CGP) Season 2 Now Open With a $35 Million POL Pool

Jan 15, 2025 at 04:40 pm

Polygon’s highly anticipated Community Grants Program (CGP) Season 2 has officially returned, offering new opportunities for developers and blockchain projects within its ecosystem.

Polygon Community Grants Program (CGP) Season 2 Now Open With a $35 Million POL Pool

Polygon's Community Grants Program (CGP) Season 2 has officially arrived, offering a massive pool of 35 million POL (Polygon’s native token) to support developers and blockchain projects building within the Polygon ecosystem.

Following a successful Season 1, which saw over 200 applications and the approval of 80 projects, Season 2 is set to provide even greater opportunities for builders and entrepreneurs.

With a diverse range of funding tracks and a focus on emerging sectors, the program aims to accelerate innovation and contribute to the long-term growth of the blockchain industry.

Here's a closer look at Season 2 and how to get involved:

偌大的 funding pool 💰

For Season 2, Polygon has allocated a substantial 35 million POL to fund projects building on or migrating to the Polygon network. This funding is divided into two major tracks, each designed to cater to different types of projects.

The Direct Grants Track is open to all builders and developers working with Polygon protocols. With up to 20 million POL available, this track is focused on supporting high-quality projects rather than categorizing them by industry or theme. Builders with strong projects are encouraged to apply for these funds, regardless of the field they are working in.

In addition to the Direct Grants Track, Polygon is introducing Grant Allocator Tracks for projects with specialized focus areas. These themes include AI (Artificial Intelligence), DePIN (Decentralized Physical Infrastructure Networks), and memecoins. The Grant Allocator Tracks will collectively distribute up to 15 million POL to projects that fall within these categories. A variety of ecosystem teams, such as Gitcoin, Thrive Protocol, and IoTeX, will manage these allocations.

Specialized Tracks and Grant EligibilityIf you are building a project on Polygon or are planning to migrate from another blockchain, you are eligible to apply for funding through the Community Grants Program. The program is open to all builders, from those in the early stages of their projects to those ready to launch their MVPs (Minimum Viable Products). Season 1 of the CGP saw 51% of the approved projects at the MVP stage, highlighting the program's commitment to helping developers at every stage of their journey.

The CGP is more than just a funding opportunity—it is a chance to become part of a growing, vibrant ecosystem. Polygon supports developers who are taking risks and aiming for long-term innovation, ensuring that builders receive the help they need while they are in the process of development, not just after they have launched.

Applications for Season 2 are open now and will close on April 15, 2025. As applications are reviewed on a rolling basis, it is advisable to apply early to increase your chances of securing funding. Good luck, and we look forward to seeing your applications!

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