Virtually 50 Terra tasks, together with the NFT market OnePlanet and metaverse sport Derby Stars, have begun migrating to Polygon—and extra are on the way in which.
UPDATE: Terra tasks have begun migration. Over 48 tasks and counting… together with @OnePlanet_NFT, an unique @0xPolygon market, and @DerbyStars_HQ!
It was so superior to assist and welcome all these fantastic builders to our thriving ecosystem!
Welcome! ?$MATIC https://t.co/5ypu1QdMBA pic.twitter.com/JcskdWGnZJ
— Ryan Wyatt (@Fwiz) July 8, 2022
“We will probably be placing capital and sources in opposition to these migrations to welcome the builders and their respective communities,” CEO Ryan Wyatt tweeted on Friday.
In a separate tweet, additionally on Friday, OnePlanet wrote: “Due to all of the Ark*One companion tasks and @polygonstudioes, we’re all transferring collectively to rebuild and develop the NFT ecosystem.”
(Ark*One refers back to the migration.)
? 48 Tasks are touchdown on @0xPolygon with OnePlanet?
Due to all of the Ark*One companion tasks and @polygonstudios, we’re all transferring collectively to rebuild and develop the NFT ecosystem #onPolygon
Learn the total recap on Ark*One: https://t.co/lxTh6WVRJB pic.twitter.com/hnDtzmSA9S
— OnePlanet ˡᵃⁿᵈⁱⁿᵍ ᵒⁿ ᴾᵒˡʸᵍᵒⁿ (@OnePlanet_NFT) July 8, 2022
Terra’s UST and LUNA fell right into a dying spiral just a few months in the past, destroying tens of billions of {dollars} in worth. It additionally left many tasks homeless.
“The sudden collapse of the Terra ecosystem left a plethora of revolutionary NFT tasks and their communities stranded within the wreckage,” OnePlanet posted to Medium. “Seeking gentle throughout the abyss, OnePlanet has taken the lead and constructed its personal model of Noah’s Ark to rescue Terra’s burgeoning NFT biodiversity and take it to a brand new dwelling.”
Along with the primary 48 tasks “extra will probably be persevering with to return over,” Wyatt informed Decrypt by way of e mail on Saturday, including: “We’re opening our arms to all who need to come over. A lesson realized within the Terra collapse is that it is rather smart to be on an EVM-compatible chain in order that you do not have to rebuild, so I simply hope that wherever builders go, they go together with EVM in thoughts for longevity.”
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Terra’s downfall has led to lawsuits and requires extra rules and even a LUNA reboot. It was necessary for Wyatt that devs did not get misplaced within the shuffle.
“Supporting builders is on the coronary heart of what we do,” Wyatt mentioned. “This fund was merely put collectively to assist proficient builders discover a new dwelling. We’re right here to carry them up and help them ought to they want us, and it was actually simply letting them know they don’t seem to be alone through the Terra collapse the place nobody was there to assist them.”
