Ethereum scaling solution Polygon has reportedly introduced a new network supporting Web3 development, with a further commitment to dedicate $100 million to early users who can accelerate adoption. 

Specifically, the Polygon Supernet chain reportedly equips users with the power to create their initiatives within a customizable environment, subjected to zero hosting or operational costs. 

Engineers will reportedly have the freedom to carry out the deployment of their projects on either a Supernet Sovereign Chain or Supernet Shared Security Chain. 

The former is reportedly operated by a single validator that helps bring down maintenance costs, while the latter provides simplified access to decentralization with professional validators staking Polygon (MATIC) tokens to validate the network.

Regardless of supernets are dependent on Polygon Edge – a development framework supporting projects looking to create and deploy their own blockchains – they extend outside the confines of the platform’s initial scope, by providing extra security and decentralization functionalities. 

In an attempt to achieve further adoption of the supernets, Polygon is reportedly having plans down its pipeline to dedicate $100 million to developers who expressed a desire to build on the network.

Polygon co-founder Sandeep Nailwal reportedly revealed that supernets will offer assistance in fast-tracking his protocol’s target of achieving “mass adoption for Web3,” adding that developments of that kind play a vital role in achieving widescale blockchain adoption.

Polygon’s Web3 ambitions were reportedly behind the freshly secured $450 million capital injection via fundraising, which saw the participation of numerous high-profile investors, nominally Sequoia Capital India, SoftBank Vision Fund 2, Galaxy Digital, and Tiger Global. 

Polygon was also behind a $200 million Web3 social media initiative with Reddit co-founder Alexis Ohanian.