PolyStarter is the first decentralized project accelerator launching on Polygon. Nodeseeds has secured a round seed investment in this exciting new project.
Launching a blockchain used to be an incredibly complicated recipe. Mix together extensive programming experience, user interface considerations, and a dash of paranoia about security and voilà, you might have a functional network. Thankfully the modern blockchain launching process is a much more straightforward, turn-key process. This ease of access is in no small part thanks to accelerators and launchpads. Nodeseeds has secured an investment in the first decentralized accelerator on the Polygon network.
If you’ve been paying attention to the top DeFi projects, you’ve likely noticed the meteoric rise of Polygon over the last few weeks. Despite the intense market sell-off, Polygon remained incredibly profitable for investors, and for a good reason. The Layer 2 solutions that the Polygon network brings to Ethereum will likely eliminate the high gas fees and interoperability pains currently associated with the network. PolyStarter seeks to accelerate the adoption of the Polygon network by aiding projects in interfacing with the Polygon tech stack.
Astute members of the Nodeseeds community have likely noticed an uptick in the number of blockchain accelerators, automated market makers, and IDO platforms recently entering the market. The rise in such services directly correlates with the growth of the DeFi ecosystem and growing demands for easy market access. Like miners in a gold rush pioneering new lands, the swelling DeFi ranks are patiently awaiting infrastructure that will make traversing this new landscape much easier. The PolyStarter team recognized this ballooning demand and is actively building the infrastructure for one of the most promising Ethereum Layer 2 solutions.
As a launchpad, projects that wish to build on Polygon can easily interface with the PolyStarter network to get started. By interfacing directly with the Ethereum network, projects that launch on PolyStarter benefit from the massive network effect of Ethereum. PolyStarter deposits a preset number of tokens into their insurance treasury for each project launched on their network. This process protects contributors from team negligence and provides a form of financial security.
At the heart of the PolyStarter ecosystem is the POLR token. Holders of POLR tokens can interface with PolyStarter’s tiered system, guaranteeing an allocation to projects which are launching on the network. With 50% of all POLR tokens allocated to the pre-sale, the PolyStarter team demonstrates its commitment to decentralization. The need for Layer 2 scaling solutions continues to grow as more users interface with distributed blockchain technologies. As the first project accelerator on Polygon, PolyStarter helps ease some of the pressure associated with scaling some of the most promising technology in the world.
Having a hand in building the infrastructure of the future is a humbling process. Our amazing community consistently reminds us of the power of distributed, incentivized action. The future is decentralized and interoperable — a fact that the PolyStarter team recognized when launching on Polygon. We’re excited to support the PolyStarter team with their launch as they help make the Polygon network’s power more accessible for all.
It’s been an amazing month so far at Nodeseeds. It isn’t easy to keep track of all the exciting investments, partnerships, and growth that we’ve experienced as a community. Make sure to keep tabs on our social media outlets to stay on top of the rapid developments at Nodeseeds, and keep an eye out for our monthly investment reports!