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 revealedAfter launching, Supernets launched a brand new project. Polygon EdgeThis was last year. Polygon Edge allows for the creation of customized blockchain networks. Since the Edge was launched 11 months ago the team has been growing. revealedPolygon Supernets uses Edge to power fewer complex projects. While Supernets still uses Edge, the latest rollout offers “several important characteristics” that mitigate complexities involved with Edge.
The idea behind Supernets is to allow developers to create their own networks and avoid the high costs of hosting 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. Polygon is also distributing $100 million to Supernet users in an effort to improve awareness and encourage adoption.
“Super excited to introduce Polygon Supernets powered by Polygon Edge,” the team tweetedFriday. “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 shared five benefits to using Supernets.
- They’re dedicated.
- Are MATIC PoS validaters available outside-of-the box?
- These are all interconnected
- Our Certified Partners can manage/maintenance the property.
- All Edge architectures supported
Polygon Co-Founder Says Supernets Can ‘Fast-Track Blockchain Ambitions’
Polygon made many business and development decisions over the past twelve months. In the first week in February, Sequoia Capital India raised $450 Million for the project. Softbank, and Shark Tank’s Kevin O’Leary. Polygon last December AcquisitionMir Protocol and Polygon for $400million started a $200 million social media-based Web3 fund with Alexis Ohanian’s Seven Seven Six venture capital.
Polygon has launched a Web3 platform with zero-knowledge identities. 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.”
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