• Polygon Labs and Mercy Corps Ventures have partnered to push the benefits of blockchain solutions in underserved communities.
• The two firms plan to fund blockchain pilots, conduct hackathons, and run a blockchain bootcamp roadshow.
• This initiative is aimed at accelerating the use of blockchain-based solutions for low-income individuals and communities in the emerging market.
Polygon Labs Partners with Mercy Corps Ventures
Polygon Labs, the parent firm behind Polygon blockchain has undertaken a new initiative to accelerate the use of blockchain-based solutions for low-income individuals, the underserved, and communities in the emerging market. To accomplish this mission, Polygon Labs has joined hands with Mercy Corps Ventures (MCV), the impact-investing arm of the global development organization Mercy Corps.
The objectives of this partnership are to push the benefits of blockchain solutions in underserved communities by funding blockchain pilots, conducting hackathons and running a blockchain bootcamp roadshow to spread awareness. Over the last eight years, Merch Corps Ventures have been investing in solutions that help underserved groups become part of the formal global economy. So far, they have supported more than 41 early-stage ventures in scaling and raising more than $335 million in follow-on capital.
Mercy Corps Ventures is actively piloting several Web3 solutions with an aim to responsibly test, de-risk, and build an evidence base for promising cutting edge innovation which leverage Web3 for exploring nascent areas of their thesis as well as building resilience for underserved individuals and communities.
In addition to this initiative Polygon will also incentivize climate action by providing secure ID solutions in billion-$ markets while teaming up with MCV’s Climate Fund to invest in early stage startups working on climate change mitigation strategies.
This latest collaboration between Polygon Labs and Mercy Corps is sure to bring about positive outcomes for those living underprivileged lives due to lack of access or funds who can benefit from these initiatives funded by both organizations and make their lives better through economic empowerment.