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Blocto, a cross-wallet and multi-chain Web3 kingdom, has announced a $1 million accelerator program. The initiative will simplify wallet creation on Polygon protocols, following the company’s expanded efforts toward account abstraction (AA) capabilities.
This announcement follows the recent EthCC event where Blocto presented its AA-compliant wallet, designed to drive easier interaction and engagement with digital assets, aiming to usher in the next wave of users to the Web3 platform.
Focused exclusively on projects being developed at Polygon, the three-month program offers builder incentives of up to $1 million. Selected projects will also have access to a range of resources such as developer tools, marketing and operational support, along with Blocto’s extensive user base and developer relations teams.
“As one of the most popular and well-known blockchain ecosystems that has connected the worlds of Web2 and Web3, Blocto’s integration with Polygon protocols and engagement with the Polygon ecosystem will create user-friendly and secure portals for frictionless login experiences,” stated Hsuan Lee, Blocound program, ex, Co-Of.
For new entrants to the Polygon platform, access to Polygon Village, the blockchain’s eponymous ecosystem program, will be provided. This provides an encouraging platform for aspiring projects to harness the potential of blockchain.
The grant also facilitates a seamless onboarding experience for DApp developers, with Blocto’s SDK significantly increasing the chances of successful onboarding funnel conversions. Transaction fee management is made simpler through the universal gas fee solution, Blocto Points, or through ERC-20 tokens.
Hamzah Khan, Director of Growth at Polygon Labs, said:
“Blocto’s cross-chain wallet app on Polygon provides dApp builders and projects building the Polygon ecosystem with seamless access to blockchain wallets while bringing the user experience to the forefront.”
Since its Series A round in February 2023, Blocto has seen impressive growth, amassing over 100 integrated ecosystem partners, attracting over 1.6 million active users, and seeing its company valuation grow to $80 million.
As one of the most popular, leading blockchain ecosystems that has bridged the Web2 and Web3 worlds, Blocto’s integration with Polygon protocols and engagement with the Polygon ecosystem will create user-friendly and secure portals for frictionless login experiences.