Polygon Co Founder Launches Web3 Fellowship Program

It all started when Jaynti Kanani, co-founder of Polygon was playing a game online. He was doing well, until the game was interrupted by a server issue. This led to him losing all his progress, which left him frustrated.

That's when he realized that blockchain technology could solve this problem by creating a decentralized platform where users could store their data without worrying about central servers crashing.

And that is how Polygon was born. A decentralized platform built on Ethereum, that allows users to build and connect their own blockchains.

What is Web3?

Web3 is the next evolution of the internet, where decentralization is at the core. It's a new way of building and running applications that puts users in control of their data and eliminates the need for middlemen.

This new era of the internet is built on blockchain technology, which provides security and transparency that was previously not possible.

Web3 is all about giving users ownership of their data, while creating a more transparent and democratic internet. It's a shift away from the traditional silicon valley approach, where tech companies collect and control vast amounts of data from users.

The Fellowship Program

To foster innovation in the Web3 space, Jaynti Kanani and his team at Polygon have launched a Fellowship Program. The program is designed to support and mentor startups that are building Web3 applications.

The program offers a range of benefits to startups, including access to Polygon's scaling infrastructure, mentorship, expert guidance, and funding.

Startups accepted into the program will be able to take advantage of Polygon's fast and secure infrastructure, which enables seamless transactions on the blockchain. This is especially important for Web3 startups that require fast and reliable transactions to work.

Quantifiable Examples

One example of a startup building on Polygon is PolkaPlay, an NFT gaming project. They were able to raise $1.5 million in funding and launch their project in a matter of weeks thanks to Polygon's fast and efficient infrastructure.

Another example is SushiSwap, a decentralized exchange built on Ethereum. They switched to Polygon in order to reduce gas fees and improve the user experience, resulting in a 75% reduction in gas fees for users.

These examples demonstrate the power of Web3 technologies and the potential for startups to take advantage of them with the help of Polygon's Fellowship Program.

Conclusion

1. The future of the internet is decentralization, and Web3 is at the forefront of this movement.
2. The Web3 Fellowship Program launched by Polygon Co Founder is designed to support and mentor startups that are building Web3 applications.
3. Polygon's fast and secure infrastructure, combined with expert mentorship and funding, makes it an ideal partner for startups in the Web3 space.

By supporting startups in the Web3 space, we can create a more transparent and democratic internet that puts users in control of their data. The future is bright for Web3, and we're excited to be a part of it with the help of the Polygon Fellowship Program.