Efinity joins the league of Polkadot parachain slot auction winners–Acala, Moonbeam, Astar, Parallel Finance, and finally, Clover Finance. In order to win the auction, contributors and investors vote by staking Polkadot’s native cryptocurrency–DOT. The sixth parachain slot goes to Efinity According to Enjin’s Twitter announcement, Efinity won its slot with 7.7 million DOT contributed by…
Polkadot, the “blockchain of blockchains” infrastructure developed by the Parity project, has entered a partnership with T-Systems MMS (MultiMedia Solutions), a subsidiary of the German telecommunications giant Deutsche Telekom. As per the announcement, T-Systems MMS will “promote secure communication between blockchains.” T-Systems MMS will use its infrastructure to participate in the Polkadot public blockchain network…
James Wo founded Digital Finance Group (DFG) in 2015. The firm is self-funded by James and currently it has assets under management of over $1 billion. DFG focused on blockchain equity and token investment– with a portfolio that ranges from Layer 1, Layer 2, Web3, CeFi, DeFi, NFTs, and beyond. DFG is among the first…
During a historic discussion on the evolution of the decentralized internet at the BlockDown: DeData Conference, Polkadot founder Gavin Wood, who himself coined the term ‘Web3,’ said that Edward Snowden’s revelations helped bring to light the urgency for creating a whole new platform that would “eclipse” the traditional authority based technologies. Acknowledging that the 2013…
Polkadot smart contract parachain Moonbeam recently announced the native integration of Chainlink Price Feeds on Moonriver, marking a pivotal moment for projects building in the Kusama ecosystem. Moonriver is a layer 1 Ethereum-compatible parachain connected to Kusama, and a permanently incentivized canary network of Moonbeam. Following the news that Chainlink Price Feeds officially went live…
While Bitcoin and Ethereum prices successfully held their rebound from last week’s sell-off, Shiba Inu surged following Kraken listing. Crypto investment products recorded inflows totaling $306 million last week, as Bitcoin saw the largest inflows in five weeks, the latest report from CoinShares revealed. However, price pressures led total assets under management (AUM) to decrease…
DeFi protocol Acala has won the first-ever Polkadot parachain auction on Thursday. The platform raised a total of 32.5 million DOT from 81,000 contributors, worth over $1.3 billion at press time. With over 32M DOT contributed by over 81,000 community members, Acala has won the first parachain auction on @Polkadot! Thank you to everyone who…
In a keynote speech at this week’s Wanxiang Blockchain Global Summit in Shanghai, Polkadot (DOT) founder Gavin Wood broke down the four key advantages of the substrate parachain platform, as he predicted that non-decentralized applications will be facing increased regulatory pressure in the future. The network’s heterogeneous multichain architecture approaches fruition, with Polkadot’s first parachain…
The Graph goes live on Moonriver (MOVR), as the powerful indexing protocol further expands into the Polkadot (DOT) and Kusama (KSM) ecosystems. The Graph (GRT) is a decentralized, open-source infrastructure protocol designed to collect, process, and store blockchain data, initially launched on the Ethereum (ETH) blockchain. The protocol enables storing of the collected and analyzed…
Following DOT’s rally last week, driven by the announcement of Polkadot’s highly-anticipated parachain auctions, Gavin Wood teased $774 million ready to be spent on innovative ideas. Polkadot, created by Wood, currently has 18,936,300 DOT in its treasury, which can, according to the founder, instead of being slowly burned by the protocol, fund anything that the…