The post Farcaster Frames Integrates Polygon (MATIC) PoS Transactions, Launches $500k Grants Program appeared on BitcoinEthereumNews.com.

Alvin Lang Jul 26, 2024 01:50 Farcaster Frames now supports Polygon (MATIC) PoS transactions and has launched a $500k MATIC grants program to encourage builder innovation. Farcaster Frames has announced its integration with Polygon (MATIC)’s Proof of Stake (PoS) transactions, according to polygon.technology. This development is accompanied by the launch of a $500,000 MATIC Community Grants Program aimed at fostering innovation among builders. Enhanced Functionality with Polygon PoS Farcaster Frames enables users to perform various on-chain activities directly from their Farcaster feed, such as minting NFTs, signing up for events, and placing bets on prediction markets. The recent integration with Polygon PoS will allow users to execute these tasks more efficiently and cost-effectively. Polymarket, a notable application in the decentralized prediction market, has already built a Frame that leverages this new functionality. Users can now make predictions directly through Polymarket posts with native Polygon PoS integration, enhancing the user experience. Community Grants Program To incentivize further development, the first season of the Community Grants Program (CGP) will focus on Farcaster Frames builders. This initiative, powered by Gitcoin, will distribute a pool of 500,000 MATIC from the Community Treasury to support innovative projects. Applications for grants will open in August, allowing developers to tap into these funds to bring their ideas to fruition. What is Farcaster Frames? Farcaster Frames is a standard for creating interactive and authenticated experiences on the Farcaster platform. Developers can use Frames to build a variety of interactive elements, such as polls, live feeds, and galleries, all integrated with on-chain functionalities. The Frames standard extends the OpenGraph protocol, turning static embeds into dynamic, interactive experiences. An example of this capability is the viral Girl Scout cookie frame, which allows users to purchase cookies directly from their Farcaster feed without navigating away from the platform. Polymarket has also…

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Filed under: News - @ July 27, 2024 10:14 am