It has now been almost two months since the demise of the Terra ecosystem, leaving a field of devastation in the crypto sector. The list of negative events seems endless: cheated investors, a CEO who is said to have enriched himself from the crash of the cryptocurrency and projects that had to navigate uncertain waters in the wake of the crash.
At least for the latter, the decline of Terra seems to have a happy ending. Shortly after the collapse of the Terra Blockchain, Polygon Studios CEO, Ryan Wyatt, courted the favor of the ailing projects – with success. Like the 35-year-old now on Twitter reported, according to the current status, 48 projects are said to have joined the network. The most well-known representatives include: the metaverse platform Lunaverse, the NFT marketplace OnePlanet and the blockchain game Derby Stars.
In addition to Polygon, other crypto development studios such as VeChain are also trying to acquire former Terra projects. It remains to be seen who will ultimately win the race for skilled workers. However, Polygon currently has the edge.