Acala has teamed up with eight Polkadot parachain teams and several supporting venture funds, to launch a $250 million aUSD Ecosystem Fund. It will be used to back upcoming startups focused on building applications with strong stablecoin use cases on any Polkadot or Kusama parachain. $250M ‘aUSD Ecosystem Fund’ The participants of the funds are...Read More
The popular ecosystem for non-fungible tokens – Enjin – launched the first NFT parachain on Polkadot. Following the initiative, the former vowed to support CryptoBlades and its more than one million users. The First NFT Parachain Launched on Polkadot At the end of 2021, Enjin’s NFT project – Efinity – won Polkadot’s last parachain auction...Read More
Gavin Wood – founder of Polkadot – recently donated $5 Million worth of DOT to support Ukraine’s defense against Russian military aggression. The founder promised to provide the funds so long as Ukraine provided a DOT address publicly, which it now has. Ukraine Open To Crypto Following Russia’s invasion of the country, Ukraine took to...Read More
Popular blockchain protocol Polkadot recently announced the allocation of over $20 million in DOT to stimulate the development of its ecosystem and the highly anticipated Web3. Polkadot Allocates $21M For Ecosystem Development In a press release shared with CryptoPotato, Polkadot noted that the bounty proposal, dubbed the Polkadot Pioneers Prize, is a series of challenges...Read More
Centrifuge – a decentralized asset financing protocol – just won an auction for a parachain slot on Polkadot. Like other parachains from Polkadot’s second group of parachain auctions, it is expected to launch on March 11th. Centrifuge Meets Polkadot The protocol announced its auction victory in a blog post on Thursday. The team says they...Read More
Following its successful launch on the Polkadot Mainnet this week, Acala, an Ethereum-compatible DeFi protocol for scaling dApps, has revealed what lies ahead for the project. Acala’s Core Products Coming Soon The Acala team noted in an official press release seen by CryptoPotato that it intends to begin launching all of its core products soon....Read More
The Spanish soccer club FC Barcelona might team up with the blockchain protocol Polkadot. Assuming the two sides shake hands, the latter will become an official jersey sponsor of the team. Polkadot Eyeing The Soccer World The players of Football Club Barcelona currently wear the Rakuten logo on their jersey as the Japanese e-commerce firm...Read More
Polkadot’s parachain smart contract platform with Ethereum compatibility, Moonbeam, has recently completed its pre-launch process and is now live on the Polkadot network. Moonbeam Launches on Polkadot Announcing the launch on Tuesday, the project’s team noted that Moonbeam is the first fully operational parachain on the Polkadot blockchain. With the release, the protocol will pave...Read More
Enjin is wrapping up 2021 in grand style as its scalable, decentralized, and cross-chain NFT infrastructure, Efinity, emerged as the winner of Polkadot’s last parachain auction for the year. With 7.7M $DOT contributed by over 20,000 community members, @efinityio has won the 6th @Polkadot parachain auction! 🎉 Thank you to everyone who has supported us...Read More
Deutsche Telekom AG subsidiary – T-Systems Multimedia Solutions (MMS) – is not new to the world of blockchain technology. In the latest development, Polkadot (DOT) has become the fourth blockchain that the German telecommunications giant has added to its list. Additionally, it has purchased an undisclosed amount of DOT tokens. The latest move comes at...Read More
Polkadot has announced the launch of the first parachains, a set of individual blockchains that will run in parallel within its ecosystem, the project noted in a press release shared with CryptoPotato on Saturday. Polkadot’s First Batch of Parachains According to the official announcement, slots for the first parachains are allocated to different blockchain projects...Read More
Institutional-grade lending protocol for decentralized finance (DeFi), Parallel Finance, has won the fourth Polkadot parachain auction. Over $300 Million Contributed The press release shared with CryptoPotato informed that the protocol saw support from over 30,000 contributors who provided a total of 10.75 million DOT, worth a whopping $306 million, during the auction. According to the...Read More
Polkadot’s parachain auctions have been one of the most hotly anticipated events for the platform since it launched on mainnet in May last year. When the project announced in mid-October that the auctions would be starting on November 11, DOT prices rallied by over 25% before going on to reach a new all-time high within...Read More
Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured the first slot on the much anticipated Polkadot’s parachain auctions. Acala, a decentralized Layer-1 smart contract platform, recently won the first slot on the parachain auction on Polkadot with a total of 32,515,989 DOT ($1,250,895,296) locked from over 81,000 community members. The funds will be...Read More
Moonriver, a canary-test network for the Moonbeam protocol, reached a milestone this week by hitting eight million transactions on its network, becoming the leading parachain in Kusama. The platform announced on Twitter that it had reached the multi-million transaction count on Nov. 10, making it the largest adopted parachain on the Kusama Network. Moonriver is...Read More
Composable Finance has been declared the winner of the 12th parachain auction organized by Polkadot’s canary network, Kusama. “We at Composable, are elated to announce that our efforts to obtain a Kusama parachain for Picasso have been successful — thanks to the immense support from you, our Community,” the project said in a Medium post....Read More
For the first time since April, Bitcoin’s price is back at $60,000. It’s a major psychological level, even though, from a technical standpoint, it doesn’t contain that much resistance. In any case, this followed a considerable weekly increase and rumors of the approval of a futures-backed Bitcoin ETF in the US. Let’s take a dive....Read More
Binance, the world’s biggest cryptocurrency exchange, has continued to express its support for the ecosystem development of the sharded heterogeneous multichain blockchain network, Polkadot. In an official announcement on Friday, the company revealed that it will start the Polkadot Parachain Slot Auction which is scheduled to commence in November. “A separate announcement will be posted...Read More
Polkadot was first introduced in a Whitepaper almost five years ago. Now, the heterogeneous multichain network announces a massive milestone – its parachains are officially ready to launch on the mainnet. Polkadot Parachains Greenlighted Polkadot’s parachains are one of, if not the most integral component of its network. They represent diverse and specialized blockchains that...Read More
Decentralized blockchain interoperability solution, Wanchain, has recently announced the integration of its non-custodial cross-chain infrastructure with the sharded heterogeneous multi-chain blockchain network, Polkadot. Wanchain Connects Polkadot to Other Networks According to a press release shared with CryptoPotato, Wanchain has deployed several direct bridges connecting Polkadot to other blockchain protocols, including Ethereum, Moonriver, Wanchain, and Avalanche....Read More
Moonbeam – a Polkadot parachain smart contract platform with Ethereum compatibility, has partnered with Lido, a liquid staking derivatives protocol currently live on the Ethereum and Terra blockchains, to bring liquid staking to the Polkadot DeFi ecosystem. The press release shared with CryptoPotato informed that the integration would enable Lido to provide liquid staking to...Read More
KILT Protocol is the winner of the 6th edition of the Parachain Slot Auction organized by Polkadot’s canary network, Kusama. KILT Goes Live According to a press release shared with CryptoPotato on Wednesday, the KILT Protocol mainnet is now live following the announcement of the milestone. The project describes itself as an open-source blockchain identity...Read More
This week saw Bitcoin’s price surging past $50,000 on a few occasions, while altcoins have been charting double-digit gains all along. Let’s start with BTC. The primary cryptocurrency is up about 7% over the past seven days, and it’s currently sitting above the coveted $50K mark. However, it took it a few attempts to go...Read More
Blockchain interoperability solution, Wanchain, has partnered with Moonbeam to deploy its non-custodial cross-chain infrastructure on Moonriver as part of its efforts to strengthen the decentralized finance (DeFi) ecosystem of Polkadot’s Canary network, Kusama. According to an official press release, both Wanchain and Moonbeam are poised to develop a multi-chain structure for the blockchain sector with...Read More
Following the success of its first six parachain auctions, Kusama – Polkadot’s Canary network, goes ahead and announces the dates and details for the next 5 auctions. Kusama Goes Ahead With 6 More Parachain Auctions According to materials shared with CryptoPotato, Kusama will schedule the next five parachain auctions on its network. The dates for...Read More
The Acala Foundation has recently announced the launch of its decentralized exchange (DEX), Karura Swap on the Kusama and Polkadot ecosystem, with its so-called “first trustless trading pair” KSM/KAR already available for trading. Over $3.4M in TLV In a Friday announcement, Acala noted that the KSM/KAR pair currently has over $3 million in Total Value...Read More
Polkadot has now clocked up a year of live mainnet operations, but this summer will mark one of the most significant milestones on its roadmap to date. The Polkadot parachain slot auctions will mark the first time that projects will be able to connect to Polkadot’s central Relay chain, completing its journey to a live...Read More
Anthony Di Iorio, a Canadian entrepreneur and the co-founder of leading smart contract platform Ethereum, said that he believes in the potential of Cardano (ADA) and Polkadot (DOT). In an interview with crypto proponent Anthony Pompliano, Di Iorio, who is also the CEO and founder of Canadian blockchain startup Decentral and crypto wallet Jaxx, revealed...Read More
Last week, Polkadot’s canary network, Kusama (KSM), conducted an on-chain upgrade on its parachain after a vote was passed, making it the first live and fully functional parachain of the Kusama network processing permissionless transactions. The upgrade also made the project the first fully decentralized, heterogeneously-sharded blockchain. Kusama is a permissionless network that allows developers...Read More
After the first successful parachain on Kusama is demonstrated, Polkadot will transition towards a complete main net launch, allowing for Wood’s dream of a scalable multichain platform to be completed. Testing Methodology The creation of parachains will be groundbreaking, but their viability must be tested thoroughly before deployment. Parachains are fine-tuned chains for specific purposes,...Read More
