Terra ecosystem projects begin migration to Polygon network
More than 48 projects from the collapsed Terra ecosystem have begun migrating to the Ethereum layer-2 network Polygon (MATIC), Polygon Studios CEO Ryan Wyatt said.
UPDATE: Terra projects have begun migration. Over 48 projects and counting… including @OnePlanet_NFT, an exclusive @0xPolygon marketplace, and @DerbyStars_HQ!
It was so awesome to help and welcome all these wonderful developers to our thriving ecosystem!
Welcome! 💜$MATIC https://t.co/5ypu1QdMBA pic.twitter.com/JcskdWGnZJ
— Ryan Wyatt (@Fwiz) July 8, 2022
Among the most notable projects he named the P2E-game Derby Stars and the NFT marketplace OnePlanet.
The OnePlanet team launched the Ark*One initiative to help migrate applications from the Terra network that collapsed to Polygon.
The Wyatt-led company provided financial support to the migrants. In May, Polygon Studios pledged to assist Terra projects with ‘capital and resources’ moving to Polygon.
On June 15, OnePlanet closed applications for Ark*One. The initiative targets NFT projects. According to the marketplace’s statement, 48 applications, spanning 90 token collections, decided to migrate.
🛳 48 Projects are landing on @0xPolygon with OnePlanet🪐
Thanks to all the Ark*One partner projects and @polygonstudios, we are all moving together to rebuild and grow the NFT ecosystem #onPolygon
Read the full recap on Ark*One: https://t.co/lxTh6WVRJB pic.twitter.com/hnDtzmSA9S
— OnePlanet ˡᵃⁿᵈⁱⁿᵍ ᵒⁿ ᴾᵒˡʸᵍᵒⁿ (@OnePlanet_NFT) July 8, 2022
“This represents the majority of Terra projects, including those not launched on OnePlanet before the catastrophic depegging of UST from the dollar,” the platform’s developers stressed.
They added that they would continue to provide technical assistance to teams migrating to Polygon beyond the initiative.
OnePlanet’s team aims to launch the marketplace on the new network by mid-August.
Back in May, the mainnet launch of Terra 2.0 took place.
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