Hey, Polygon fam! 
Let’s dive into the latest developments!
Program Snapshot
- Applications closed on October 4, 2024
- Total Applications Received: 62
- Projects Approved: 15
- Projects Pending Final Review: 4
- Total Budget: 500K POL
- Budget Allocated: ~450K POL
- Remaining Budget: ~50K POL (evaluating for pending projects)
Project Spotlights
Farcaster Gift: Enhancing Community Engagement
- Progress: 550 unique users, 18 transactions on Polygon PoS, 2,000+ frame interactions
- Current Initiatives: 100 POL user bounty, 200 POL influencer collaboration
- Near-Term Targets: Launching 10 POL user gifting bounty, increasing DAA and transaction volume
Thane: Making DeFi Accessible
- Progress: UI/UX design completed, Frame integration research finalized
- Current Focus: Completing infrastructure setup, finalizing Frame integration
- Near-Term Targets: 50 DAA, $10,000 Transaction Volume on Polygon
Dirt Labs: Innovating with Art and AI
- Progress: Marketing assets and Frame demo completed, KYC process underway
- Current Focus: Preparing for the first Frame deployment
- Near-Term Targets: Frame launch by October 15th, driving initial on-chain activity
HelloPay: Revolutionizing Social Crypto Gifting
- Progress: 100+ DAA, 100+ Transactions, 1 Frame deployed, 579 impressions with 25.04% conversion
- Current Focus: Boosting transactions, optimizing marketing strategies
- Near-Term Targets: Reach 500 transactions, maintain strong user engagement
Mushee Labs: Multi-Phase Onboarding and Engagement
- Progress: Updating partner links, reaching out to projects across chains
- Current Focus: Launching cross-chain campaigns, testing new features
- Near-Term Targets: Finalize campaigns, share previews of new features, expand partnerships
Freezerverse: Supporting Children in Need Through Blockchain
- Progress: Dune Analytics dashboard launched, tracking staking and token transactions
- Current Focus: Enhancing dashboard, implementing total transaction count
- Near-Term Targets: Complete analytics for all contracts, increase DAA for staking
Proof of Project: New Addition
- Recently accepted into the program
- Focusing on blockchain-based project verification and endorsement
Courtyard.io: Catching Up
- Currently behind on milestone commitments
- Team reassessing project timeline and capacity
- Update expected by October 15th on project continuation and revised plans
FrameHack: Milestone Achievement
- Completed Milestone 1
- Delivered hackathon materials and documentation and hosted a workshop
- Resources available on GitHub and YouTube
RateCaster: Milestone Achievement
- Progress: Surpassed 500 transactions (554), achieved 102 DAA, 125 unique weekly users
- Current Focus: Growing user base and maintaining transaction momentum
- Resources: Dune Dashboard and GitHub repository are available for tracking
BukProtocol: Launch Imminent
- Expecting to go live within a week
Frame Invest & EZframes.xyz
- Recently started after grant approval
- Confirmed on track for initial milestones
GotCHA: Innovating CAPTCHA and Faucet Systems
- Project Overview: Games Orchestrated to Tell Computers and Humans Apart (GotCHA)
- Key Features: Gamified CAPTCHAs, unified faucet, open-source CAPTCHA API
- Near-Term Targets: Deploy Farcaster frame with on-chain token faucet, achieve 10-50 DAA, 50-100 Transactions
Program Updates
- One grantee was removed due to missed milestones and timeline misalignment
- Funds to be redistributed within the program
- Emphasizing delivery within the timeframe and meeting agreed-upon metrics
Marketing Buzz
- Projects preparing marketing assets and demos
- Diverse range of applications showcasing Farcaster Frames versatility on Polygon
- Working with grantees to coordinate marketing activities around their milestones and celebrate their wins
- Brainstorming sessions underway to develop ideas and next steps for project promotion
- Celebration of project milestones to begin in the coming weeks
What’s Next?
- Closely monitoring Courtyard.io’s project reassessment.
- Expecting BukProtocol’s launch in the coming week
- Continuing to track early milestone progress for recently started projects
- Supporting projects in reaching their following milestones
- Finalizing reviews for the remaining four pending applications
Keep Building, Frens!
From DeFi to social gifting and creative art projects, innovative applications flourish. I’m excited to watch these projects drive activity on Polygon!
Questions? Join our Telegram: https://t.me/+nAgNOK9rd9YwYWRh
Let’s keep innovating on Polygon! 