NFTs Choose Polygon
So far, 48 projects have migrated to the Ethereum Layer 2 protocol, Polygon, since the collapse of the Terra network. As confirmed by CEO Ryan Wyatt, the Polygon team is working on ensuring seamless migrations by providing the capital and resources necessary to support the transition.
Wyatt also sounds highly enthusiastic about welcoming the projects onto his network. He has stated, Furthermore, Wyatt has also revealed that even more Terra projects will be making the transition to Polygon soon. The Terra LUNA debacle brought about the peak of the current crypto winter. It all started with the algorithmic stablecoin TerraUSD (UST) falling below its $1 peg back in May