Frank Reveals $3M DeLabs Grant from Polygon
In this post
Frank DeGods announced that his incubator DeLabs was given a $3M non-equity grant from Polygon, the founder revealed via Discord and on the Nifty Alpha Show Friday morning.
The Big Picture: Frank's decision to move both Degods and y00ts off of the Solana blockchain has proven to be a polarizing one — and rumors over the monetary incentives for the departure have spread across the ecosystem. The founder's clarification puts an end to the speculation and also provides an outline for how the money will be used.
Go Deeper: The post outlined two specific ways the company will utilize the $3M grant to 'dominate the attention economy' and create magical experiences for holders:
- Scaling the DeLabs incubator, which will produce NFT collections that can be redeemed using y00tpoints or DePoints
- Expansion of the DeLabs team across several different departments
Action Items: More information on the y00ts and DeGods move >>>
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