Dec 9, 2021

2 min read

Polygon Dapp Development Funded by Wintermute

Wintermute is a top leading digital asset market marker. Polygon on the other hand is an Ethereum scaling platform onboarding millions to the Web3. The two platforms have started a strategic partnership to grow the Polygon ecosystem. Wintermute is launching a $20 million fund as part of this initiative and the aim of this fund is to support innovative projects utilizing Polygon’s blockchain network to bolster growth and innovation within the Polygon thriving ecosystem of decentralized applications (dapps) and also will facilitate development support, liquidity provision, support for exchange listings, and advice on business strategy.

The first funded project in this movement is Router Protocol, this is a cross-chain messaging protocol that aims to build infrastructure enabling seamless communication between various Blockchains. Router is building foundational infrastructure that enables various EVM and non-EVM chains to communicate with each other. Cross-blockchain communication will significantly enhance capital efficiency by unlocking capital flows across multiple blockchains and opening up a whole new range of multi-chain dapps. Here is what the CEO of Router Protocol, Ramani Ramachandran had to say; “We have had a long-standing association with Polygon; Router was the first protocol on any chain to offer instant, gasless trading — taking advantage of Polygon’s speed and low transaction costs. Now, we’re excited to have both Polygon and Wintermute as investors in Router’s current round as we build out critical cross-chain communication infrastructure, which is launching first between Polygon and Ethereum before expanding to other chains.”

About Wintermute

Wintermute is a leading global algorithmic trading firm in digital assets and provides liquidity algorithmically across over 50 centralised and decentralised exchanges and facilitates OTC trading for over 200 tokens. They are also a very active player in the ecosystem which supports a number of high-profile blockchain projects. At Wintermute, they believe in decentralization of finance and are convinced that trading companies of the future are technology companies, not financial services providers.

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