Polkadot’s ongoing parachain rollout represents the final launch phase for its multi-chain sharded architecture, following rigorous testing, optimization, and auditing, initially carried out on testnets like Rococo and canary network Kusama. The first indication that Polkadot parachains were afoot came in September when Gavin Wood hinted that they were “technologically ready for launch.” Sure enough,…
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…
Digital Finance Group (DFG), a global crypto investment firm, has allocated 200,000 DOT to Efinity’s crowdloan. The allocation, worth over $7 million at press time, is the second time DFG invested in a project competing for a Polkadot parachain—earlier this month, the company contributed 500,000 DOT to Acala. DFG looking to invest in as many…
SubQuery, a data indexing solution based on Polkadot, announced that it will launch on the Acala parachain. Both the SubQuery Network and SQT will aim to be the first external application and token to launch on Acala’s ambitious DeFi platform. Weeks ahead of its launch, Acala is already set to host dApps SubQuery, a data…
Moonbeam, an Ethereum-compatible smart contract platform, has won the second parachain auction on Polkadot. According to the company’s announcement, over 35 million DOT, worth approximately $1.4 billion. Unprecedented community support helps Moonbeam secure a two-year slot on Polkadot After losing the last parachain auction to Acala, Moonbeam has now emerged as a winner of Polkadot’s…
Earlier this week, KILT Protocol delivered its native KILT tokens to users that supported the protocol’s crowdloan on Kusama. Parallel to its token transferability event, KILT also launched two new additions for storing and staking KILT—the Sporran wallet and the Stakeboard staking application. KILT and its decentralized identity solution KILT is an open-source blockchain protocol…
DFG allocates 500,000 DOT to Acala ahead of Polkadot parachain auctions Projects can ‘bid’ for slots on the Polkadot platform using DOT and by winning the support of the broader community, the first of which goes live later this month. 2 min read →
Composable Finance has won the 13th parachain slot on Kusama, the ‘canary’ for the Polkadot blockchain. The team is developing a parachain on Polkadot (first being architected under the name ‘Picasso’ on Kusama, Polkadot’s Canary Network) that aims to underpin the entire ecosystem and provide enhanced access and utility to parachains. “You, the community have…