On April 22, the layer two (L2) scaling network Polygon introduced
the new Supernets network, a blockchain protocol that’s built to
bolster Web3 technology. Furthermore, Polygon is pledging $100 million
to early Supernet users “who can help fast-track adoption.” The
announcement details that Supernets is essentially the team’s Polygon
Edge network “on steroids.”
Polygon Supernets — Dedicated, Scalable Blockchains That Aim to Ignite Mass Adoption
Polygon has revealed a new project called Supernets after launching Polygon Edge
last year. Essentially, Polygon Edge is a customizable blockchain stack
that allows users to launch dedicated blockchain networks that do
specific things. Following the Edge launch 11 months ago, the team has revealed
Polygon Supernets, a project powered by Edge with fewer complexities.
While Supernets still uses Edge, the latest rollout offers “several
important characteristics” that mitigate complexities involved with
Edge.
Supernets basically allows developers
to build custom networks without all the costs associated with servers.
The Polygon team says Supernets are a dedicated solution, as “every
Supernet is built and run for a specific application, project or use
case,” which gives users the advantage of “dedicated Web3 hosting.” The
networks can also be secured using Polygon’s native crypto asset MATIC.
In order to increase awareness and adoption, Polygon has further
revealed it is allocating $100 million to early Supernet users.
“Super excited to introduce Polygon Supernets powered by Polygon Edge,” the team tweeted
on Friday. “Polygon Supernets are dedicated, scalable blockchains that
aim to ignite mass adoption of Polygon and Web3. To support this
ambitious product and goal, we are announcing a $100M support fund.” The
team’s Twitter thread mentioned that more than 20 projects “are already
building on Edge” and the Polygon team learned a lot from these teams.
Polygon also shared five advantages of using Supernets which include:
- They are dedicated;
- Can use MATIC PoS validators out-of-the-box;
- They are interconnected;
- Can be managed/maintained by our Certified Partners;
- Support any Edge architecture.
Polygon Co-Founder Says Supernets Can ‘Fast-Track Blockchain Ambitions’
Polygon has been making a lot of development and business moves over
the last 12 months, and during the first week of February, the project raised $450 million from investors such as Sequoia Capital India, Softbank, and Shark Tank’s Kevin O’Leary. Last December, Polygon acquired the Mir Protocol for $400 million and that same month Polygon started a $200 million social media-based Web3 fund with Alexis Ohanian’s Seven Seven Six venture capital.
This April, Polygon announced
the launch of a zero-knowledge identity platform for Web3. According to
Friday’s Supernets announcement, the $100 million will be distributed
for things like development contracts, research contracts, grants,
third-party integrations and partnerships, onboarding and migration,
liquidity mining, and acquisitions.
”For mass adoption of Web3 to take hold, it is critical to abstract
the complexities of blockchain development and simultaneously offers
scaling ability and personalization,” Mihailo Bjelic, the co-founder of
Polygon concluded in a statement. “Polygon Supernets deliver all this,
enabling any project to fast-track their blockchain ambitions and join
the growing Polygon multi-chain ecosystem.”
source link : https://news.bitcoin.com/polygon-reveals-supernets-project-to-bolster-web3-adoption-pledges-100-million-to-early-users/
