Polygon and Mercy Corps Fund Blockchain Pilots to Help Underserved Communities

• Polygon Labs and Mercy Corps Ventures have partnered to fund blockchain pilots, conduct hackathons, and run a blockchain bootcamp roadshow in underserved communities.
• The two companies are aiming to provide Web3 solutions for low-income individuals, the underserved, and communities in emerging markets.
• Mercy Corps Ventures has invested over $335 million into 41 early-stage ventures that help underserved groups become part of the global economy.

Polygon Partners with Mercy Corps

Polygon Labs, the parent firm behind Polygon blockchain, has joined forces with Mercy Corps Ventures (MCV) to promote the use of blockchain-based solutions for low-income individuals, the underserved, and communities in emerging markets. The two players plan to fund blockchain pilots, conduct a series of hackathons, and run a blockchain bootcamp roadshow to spread awareness.

Mercy Corps‘ Investment History

Mercy Corps Ventures have been investing in solutions that help underserved groups become part of the formal global economy for the past eight years. So far they have supported more than 41 early-stage ventures in scaling and raising more than $335 million in follow-on capital.

Web3 Solutions

The two companies are using Web3 technologies to explore nascent areas of their mission as well as build resilience for underserved individuals and communities. They are also testing these solutions responsibly so they can build an evidence base for promising innovations.

Benefits For Underserved Communities

By providing Web3 tools and resources to emerging markets through this partnership between Polygon Labs and Mercy Corps Ventures, it is hoped that more people will be able to benefit from cutting edge technology regardless of economic background or income level.

Conclusion

This recent partnership between Polygon Labs and Mercy Corps Ventures seeks to bring cutting edge technology like blockchain solutions to those who need them most – including low income families and those living in developing countries who may not otherwise have access such innovative technologies due to lack of resources or financial means.