Sov is in with another long writeup - this time, on Polygon’s (Matic) history of grants evolution.

Enjoy the read 👉 https://lobsters.substack.com/p/polygon

imho [ivangbi]: as it comes from the post & also lobsters following Polygon in general since 2018 - it is pretty evident that the focus has always been on NOT focusing and “doing everything at once”. The spray & pray strategy might work so-so in investing (where the power law distribution turns returns into a below-inflation-number) but it worked in this case… probably, because founders haven’t slept in 3+ years. Throughout the entire bear, back when we all got rekt on Binance IEO - Sandeep kept hustling. Doing countless calls and just trying to do everything. Even the grants & the DAO approach don’t seem to organic, and 100 things happen at once. And is just their wei.

Some people take hustling as “dirty” and “not genuine”. I am one of such people, due to my laziness mostly. I dislike empty sales pithces, networking events, and crap like announcing before announcing. And that’s a large portion of Polygon’s success. And many other projects. Polygon have just really outdone it haha. Anyway, everything is a strategy, after all. And after a while, people forget about what was before - and only look at results. And at this point, Polygon has acquired a few things & projects, announced pilots with a bunch of brands (be it due to inherent external interest or paid deals) - which all led to organic traction at this point. Many now, organically, also choose to deploy there.

Do you believe the means justify the end? No one is right, you decide for yourself.

That is not exclusive to Polygon though, as other chains have also seen surge of demand due to multichain future being shilled to us all and tokens being printed. Let’s be honest, it’s mostly the shitcoins and new incentives most of the time. Avalanche, same story. What survives, be it Plasma or Sidechains, Rollups or whatever else Vitalik make up tomorrow (I know he doesn’t code himself, but people DO follow his word) - we shall see. The journey has been quite something for them. Cheers to the workers & builders.