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Blocto, a multi-chain wallet and multi-chain Web3 domain, has announcement a $1 million accelerator program. The initiative will simplify wallet creation on Polygon protocols, following the company’s increased efforts for account abstraction (AA) capabilities.
This announcement follows the recent EthCC event where Blocto introduced its AA-compatible wallet designed to foster easier interaction and engagement with digital assets, aiming to bring the next wave of users to the Web3 platform.
Focused exclusively on projects developing on Polygon, the three-month program offers builders incentives of up to $1 million. Selected projects will also have access to a variety of resources such as developer tools and marketing and operational support, alongside Blocto’s extensive user base and developer relations teams.
“As one of the most recognized and important blockchain ecosystems that bridges 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 onboarding experiences,” said Hsuan Lee, co-founder and CEO of Blocto, enthused about the program.
For new entrants to the Polygon platform, access to Polygon Village, the namesake blockchain ecosystem program, will be provided. This provides an encouraging platform for budding 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. Managing transaction fees is simplified with its universal gas fee solution, Blocto Points, or with 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 on the Polygon ecosystem with seamless access to blockchain wallets by putting user experience first.”
Since its Series A 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 soar to $80 million.
Blocto’s integration with Polygon protocols and engagement with the Polygon ecosystem will create user-friendly and secure portals for frictionless onboarding experiences.