Polygon Ecosystem Grows With Blocto’s $1M Accelerator

The cross-chain wallet application launched a $1 million accelerator program for the Polygon ecosystem, aiming to facilitate swift and secure Web3 user onboarding.

Blocto, a cross-chain wallet and multi-chain Web3 realm, has announced a $1 million accelerator program. The initiative will simplify wallet creation on the Polygon protocols, following the company’s enhanced efforts towards account abstraction (AA) capabilities.

This announcement trails the recent EthCC event where Blocto introduced its AA-compatible wallet designed to foster easier interaction and engagement with digital assets, aiming to onboard the next wave of users onto the Web3 platform.

Focused exclusively on projects developing on Polygon, the three-month program offers builder incentives of up to $1 million. Selected projects will also have access to a variety of resources such as developer tooling, and marketing and operational support, alongside Blocto’s extensive user base and developer relations teams.

“As one of the most well-recognised, leading blockchain ecosystems that has been bridging the worlds of Web2 and Web3, Blocto’s integration with the Polygon protocols and engagement with the Polygon ecosystem will create user-friendly and secure portals for frictionless onboarding experiences,” Hsuan Lee, Co-founder and CEO, Blocto, stated in excitement for the program.

For new entrants on the Polygon platform, access to Polygon Village, the blockchain’s namesake ecosystem program, will be provided. This offers an encouraging platform for aspiring projects to tap into the potential of the blockchain.

The grant also facilitates a seamless onboarding experience for DApp developers, with Blocto’s SDK significantly boosting the chances of successful onboarding funnel conversions. The management of transaction fees is made simpler through its universal gas fee solution, Blocto Points, or through ERC-20 tokens.

Hamzah Khan, Director of Growth at Polygon Labs, stated:

“Blocto’s cross-chain wallet application on Polygon provides dApp builders and projects building on the Polygon ecosystem with seamless access to blockchain wallets by bringing user experience to the forefront.”

Since its Series A round in February 2023, Blocto has marked impressive growth, accumulating over 100 integrated ecosystem partners, attracting over 1.6 million active users, and seeing its company valuation soar to $80 million.

As one of the most well-recognised, leading blockchain ecosystems that has been bridging the worlds of Web2 and Web3, Blocto’s integration with the Polygon protocols and engagement with the Polygon ecosystem will create user-friendly and secure portals for frictionless onboarding experiences.