.PolymeshNetwork is putting up $25 million in $POLYX tokens to boost developer activity on the tokenized securities blockchain. IanAllison123 reports
Polymesh
, a blockchain built specifically for regulated tokenized securities, has unveiled a grant program for developers backed by some 50 million of its native POLYX tokens, worth around $25 million in today’s money. Polymesh chief Graeme Moore said the platform’s GitHub will contain a list of requests for proposals, but developers can submit their own ideas, too. The Polymesh grant program will foster developer firepower for things like a tokenized exchange, cross-chain settlement engine, wallet integrations and a finance-oriented block explorer.
Budding blockchains face a chicken-and-egg problem when it comes to getting an ecosystem of developers building on a new platform.