Polygon Commits $100M to ‘Supernets’ as Layer 1s Stand Up Application-Specific Blockchains

Polygon plans to invest $100 million in customizable "Supernet" chains, customizable networks that projects will be able to run without cost.

• The tool aims to fast-track blockchain adoption by reducing the barrier of entry for developers who previously used Polygon Edge.
• On each Supernet, validators will stake MATIC tokens on the mainnet before going on to validate the network to ensure a robust level of security.

• "The infrastructure tooling enables users to achieve desired outcomes easily and quickly," Polygon co-founder Sandeep Naliwal said in a statement. "Polygon's goal is to bring mass adoption to Web3 as the key to blockchain adoption is to provide a comprehensive range of options for enterprises."
• In March, Avalanche committed $290 million to a Multiverse Fund, some of which will be used to develop "Subnets," a similar concept to Polygon's Supernets.
• Both efforts ultimately aim to scale application-specific blockchains, particularly those focused on consumer or enterprise use cases.

Read more: Avalanche Commits $290M in AVAX to Attract Gaming, DeFi and NFT ‘Subnets’