After the Luna cryptocurrency crash, about 50 cryptocurrency projects have started migrating to Polygon

Almost 50 projects created on Terra, including the NFT trading platform OnePlanet and the Derby Stars metaverse, have begun to migrate to the Polygon blockchain.

«We will be investing capital and resources in these migrations to help the developers and communities of these projects,» Polygon Studios CEO Ryan Wyatt said on Twitter on Friday.

«The sudden collapse of the Terra ecosystem has left many innovative NFT projects and their communities in ruins,» OnePlanet representatives said in a post on Medium. Indeed, the collapse of UST/Luna not only led to tens of billions of dollars in losses, but also left many projects with a choice — what to do if the new Luna 2.0 project turns out to be just as problematic (which it appears to be).

Law enforcement agencies of South Korea and the United States have agreed to cooperate in the investigation of the Terra ecosystem collapse — representatives of the prosecutor’s office of both countries will exchange information on the progress of the investigation.

As a reminder, Do Kwon and Terraform Labs are currently the subject of many lawsuits, with new accusations appearing almost every day. Some of his employees are no longer allowed to leave South Korea.