Eclipse, a blockchain development firm, has announced the upcoming release of Polygon SVM, a new blockchain that is compatible with Solana and built for the Polygon network.
The aim of this new blockchain is to enable Solana developers to migrate their applications to Polygon without having to rebuild their code for the Ethereum Virtual Machine (EVM). Polygon SVM, a sovereign rollup blockchain, will use SeaLevel Virtual Machine (SVM) to deploy Rust-based Solana applications on other blockchains.
The Polygon SVM testnet is expected to launch in Q1 2023, with the mainnet set to follow in Q2. With Polygon SVM, Solana smart contracts can be natively run on the blockchain, and the blockchain will utilize Optimistic Rollups technology.
Eclipse raised $15 million in a pre-seed funding round and is a portfolio company of Polygon Ventures, and a grant recipient of the Solana Foundation.
Nitro is another blockchain project working on expanding Solana apps to other blockchains. The release of Polygon SVM will offer more options for Solana developers to expand their applications to other blockchains, opening up new possibilities for the Solana ecosystem.
