The Polygon and Fantom teams rolled out the Terra developer support program, promising money and direct assistance.
Polygon Studios CEO Ryan Wyatt wrote on Twitter that his company is already working with several Terra projects, helping them transition to the Polygon network. According to Wyatt, the blockchain community is ready to welcome Terra developers and help their projects recover. The CEO assured that Polygon will provide capital and all necessary resources to help with a successful migration.
Polygon founder Sandeep Nailwal clarified that Proof-of-Stake (PoS) chain is the most suitable for Terra projects. The businessman noted that the ZK Rollups solution will soon be available on the PoS network.
When the Tier 1 blockchain project Fantom joined Polygon, the project team stated, which is ready to help any Terra developer who wants to move to their network. Later, the team published a grant program that could help developers with marketing, communications, and integration.
The CEO of the Binance cryptocurrency exchange, Changpeng Zhao, also declared his willingness to help:
“Regardless of my personal views or the decisions made by the Terra developers, we are always ready to help the affected community in any way we can.”
Earlier, Binance announced the delisting of the LUNA cryptocurrency and the UST stablecoin. The company warned users about this in advance.
Source: Bits
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