Tag Archives: polkadot

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 is the official sponsor of the club. However, the partnership between the two entities is due in July this year, and the soccer team is...

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 the way for over 80 projects in its ecosystem to be deployed. Earlier in October, Moonbeam won...

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 in our endeavor to bring #NFTs to Polkadot. To Efinity and beyond! pic.twitter.com/n2ffJEr53C — Enjin | We’re Hiring!...

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 a time when next-generation blockchains have moved beyond the hype and are witnessing growing adoption. Furthermore, it also...

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 built on the Polkadot network and focused on various niches. These include decentralized finance (DeFi),...

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 team, the figure makes Parallel Finance the third project on the Polkadot parachain auction...

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 used for a myriad of cases. The first features include launching a stablecoin on the Polkadot network...

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 one of the many successful parachains on Kusama, and it has secured a parachain slot for 2022 with over 60+ live...

Parachains are an integral component of the Polkadot structure and vision. They are intended to connect to Polkadot by leasing a slot on the Relay Chain for up to 96 weeks with an option to review. As CryptoPotato reported earlier in October 2021, after years of development, the team finally greenlighted parachains and said they are ready to be integrated while also proposing a date for the first Parachain Auction. In this article, we attempt to breakdown the following...

Heterogeneous multichain blockchain network Polkadot revealed the successful passage of a proposal to enable registration and crowd loans for developers. The network’s native token – DOT – is recording a new all-time high surpassing the $50 mark in response to the news. Polkadot Council Approves Proposal The Polkadot team announced the news via the official Twitter handle on Monday (November 1, 2021). According to details shared on the Polkassembly platform, a network upgrade...