Polygon now to the rescue of Terra Luna

Polygon CEO took to Twitter to announce that they are closely working with the Terra projects to help them move to the Polygon network.

Updated May 17, 2022 3:12 PM IST

Polygon CEO took to Twitter to announce that they are closely working with the Terra projects to help them move to the Polygon network.

After the infamous Terra Luna crash, Polygon, the Ethereum scaling solution is here to the rescue of the various Terra projects.

Ryan Wyatt, CEO of Polygon, took to Twitter to announce that the Ethereum scaling solution is going to assist Terra projects by transferring them to the Polygon network.

We are working closely with a variety of Terra projects to help them migrate over swiftly to @0xPolygon.

We will be putting capital and resources against these migrations to welcome the developers and their respective communities to our platform.

We will be sharing more soon.

— Ryan Wyatt (@Fwiz) May 15, 2022 Wyatt said that stated the Polygon team is in talks with a few Terra projects to help them transition to the Polygon network quickly. He also stated that Polygon will be putting its own money to assist with the upcoming migrations.

Sandeep Nailwal, the Indian origin founder of the Polygon network, further added to Wyatt’s tweet by tweeting about various Polygon products Terra community can use.

For Terra community projects who want a shared chain, choose @0xPolygon POS chain(ZKRollup soon)

If you are looking for an app specific chain, you can go for SUPERNET

-No weird restrictions on Validators/Bridge
-Future possibility to make your chain a rollup
-Eth community love https://t.co/Ek803OZQlL
— Sandeep - Use Stripe on Polygon 💜 (@sandeepnailwal) May 15, 2022

Also Read: Terra blockchain halted again as crypto TANKS 99.99%
Also Read: Cryptocurrency markets crash: Terra Luna down 99.99%, will it wipeout?

ABOUT THE AUTHOR

Aakanksha Chaturvedi

I am a multimedia reporter working across Business Today properties, at the India Today Group.

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I am the youngest reporter with a cover story in the Business Today magazine (most widely read Indian business magazine). I am also the youngest reporter covering business news on TV.

I have previously worked with International Business Times (US edition) and Coin Crunch India. I graduated with a degree in mass media from Mithibai College, Mumbai in 2021.

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Published on: May 17, 2022 3:12 PM IST

Polygon now to the rescue of Terra Luna

Polygon CEO took to Twitter to announce that they are closely working with the Terra projects to help them move to the Polygon network.

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