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Terra Projects Migrating to Polygon

After the Terra collapse drama, network projects are now heading an exodus toward Polygon.

By Finst News
• 3 min read
Terra Projects Migrating to Polygon

After the Terra collapse drama, network projects are now heading an exodus toward Polygon.

The collapse of the Terra ecosystem happened almost two months ago and still leaves a field of destruction in the crypto space. The list of negative events seems endless: wiped-out investors, a CEO who profited big from the crash, and many projects that had to navigate choppy waters in the wake of the crash.

For the latter, Terra's collapse has taken a positive turn. Shortly after the Terra blockchain's collapse, Polygon Studios CEO Ryan Wyatt did the ailing projects a favor—and with success. As the 35-year-old now says on Twitter, 48 projects have joined the network as of today. The best-known representatives are: the metaverse platform Lunaverse, the NFT marketplace OnePlanet, and the blockchain game Derby Stars.

Besides Polygon, other crypto development studios, like VeChain, are also trying to relocate former Terra projects. In the end it's still anyone's race to win. Polygon, however, currently holds a strong lead.

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