Tag Archives: polkadot

Crypto analytics resource Messari published a report on Polkadot’s Q1 performance, outlining the layer-zero protocol’s price action, network usage, latest developments in staking and decentralization, and possibilities ahead. The paper stated that Polkadot has successfully completed 13 parachain slot auctions, with a total of 127.8 million DOT – worth $2.9 billion (at Q1’s end) and around 11% of the total supply – bonded. In addition, 28 more parachain slot auctions are...

Web 3 and blockchain infrastructure provider Coinbase Cloud has announced a new partnership with Acala Foundation, the DeFi hub of Polkadot, by first bringing KSM liquid staking on Karura. KSM is the native token of the Kusuma network, a public pre-production environment for Polkadot. Unlike traditional staking in proof-of-stake networks, Liquid staking allows asset delegators to access their funds while staking their tokens. In this way, validators can put their staked...

KILT announces the launch of web3name, an application for creating a custom name to represent users’ digital identity. The new approach would increase the transparency of users’ identities without sacrificing the privacy involved with personal data. KILT, a blockchain identity protocol based on the Polkadot network, issues a new form of digital credentials, Web3name(w3n), for users to represent their own digital identities. The credentials recorded on the distributed ledgers...

Acala, the Ethereum-compatible DeFi protocol has announced teaming up with Anchor to boost the decentralized stablecoin space of Terra and Polkadot ecosystems. Following Wormhole integration plans, the two parties are all set to bring increased liquidity and yield opportunities for aUSD and UST by serving as gateways into the decentralized finance ecosystems of Polkadot and Terra. Acana-Anchor Network Collaboration Initially, Acala and its Kusama-based parachain – Karura will...

Tether Operations Limited, the operator of Tether.io, has announced the launch of USDT on Polkadot’s canary network – Kusama. The company said the move will enable developers to compose trustless applications across chains, communities, and networks. Tether on Kusama According to the press release shared with CryptoPotato, USDT will be deemed with the asset ID 1984 and utilized to power transactions on Kusama’s first parachain – Statemine at launch. The parachain enables the...

WisdomTree, a New York-based exchange-traded fund (ETF) sponsor and asset management firm, announced this week the launch of three new crypto ETPs. They will track the performance of Solana (SOL), Cardano (ADA), and Polkadot (DOT). WisdomTree Launches New Crypto ETPs According to the official announcement, the new ETPs dubbed WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW), and WisdomTree Polkadot (DOTW) will give investors exposure to the prices of the underlying crypto...

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 for the year with a fundraiser of over $214 million worth of DOT. Back then, the blockchain protocol noted that Efinity will go live in...

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 Twitter on February 26th to solicit support through crypto donations from the international community. At the time, the country only provided a...

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 that have been carefully created to push technical innovation on its network. The first two challenges...

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 are “all systems go” to bring its functionality to Polkadot. Centrifuge is used to bridge non-digitally native, real-world assets into...