Polygon Labs launches a $720 million Community Treasury program to support blockchain projects in the Polygon and Ethereum ecosystems.

The initiative will distribute one billion POL tokens over a decade.

An initial allocation of 35 million MATIC tokens will be granted in the first season.

The Community Grants Program, funded by the Community Treasury, is now open for applications.

Professional Grant Allocators will distribute funds to developers working on Polygon.

The program aims to foster innovation and community governance.

Grants will be offered in two tracks: a general grant track for Polygon projects and a consumer crypto track for projects driving crypto adoption.

Notable recipients of Polygon grants include Quickswap, Keom, Jokerace, and Intraverse.