Tagged: parachain

Parallel Finance $300M Crowdloan Seals 4th Polkadot Parachain

Parallel Finance, an institutional-grade lending protocol for decentralized finance (DeFi), has reportedly secured the fourth slot in the Polkadot parachain auctions. Over 30,000 contributors have “contributed a total of 10.75 million Polkadot (DOT) tokens during the fourth round of the auction, equivalent to $306 million,”… Read More

SubQuery Network to be Deployed on Acala, Decentralizing Polkadot’s Data Indexing Service

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SubQuery, the data indexing solution in Polkadot, is pleased to confirm that the launch of the SubQuery Network will take place on the Acala parachain. As mentioned in the announcement, SubQuery and the SQT token will also aim to be “the first external application and… Read More

Polkadot (DOT) Parachain Auctions Now Live on Kraken

Digital assets firm Kraken notes that they’re pleased to confirm that Polkadot Parachain Auctions are now live (as of November 12, 2021). Platform users may earn rewards while supporting their favorite Polkadot initiatives on Kraken, the company wrote in a blog post. The update from… Read More

Digital Finance Group Promises 500K DOT for Polkadot Auction, Company Bullish on Acala

Digital Finance Group, a global blockchain and cryptocurrency investment firm, this week announced it will allocate 500,000 DOT, Polkadot’s native cryptocurrency, to Acala, a decentralized finance platform built on the Polkadot blockchain network. Acala plans to compete for a parachain slot in Polkadot’s upcoming parachain auctions… Read More

Kraken Adds Support for Moonriver (MOVR), a Kusama Parachain Supporting Ethereum based dApps

Digital assets firm Kraken is pleased to confirm that they’re now supporting Moonriver (MOVR) according to an announcement dated August 26, 2021. As noted in the update from Kraken, deposits and withdrawals are currently open. Trading will commence at around “09:00 UTC on August 27.”… Read More

Kraken Announces Parachain Slot Auctions for Kusama, a Scalable Network of Specialized Blockchains

Digital asset firm Kraken notes that customers looking to support their “favorite” Kusama projects can now, “for the first time,” take part in Parachain Slot Auctions (or “Parachain Auctions”) directly via the Kraken platform. Kusama is described as a “scalable” network of specialized or purpose-built… Read More

Binance Labs Leads $6 Million Round for Moonbeam Network, a Smart Contract Platform and Polkadot Ecosystem Parachain

Binance Labs recently led a $6 million “strategic” round of the Moonbeam smart contract platform along with contributions from CoinFund and ParaFi. The funds acquired from the investment round will be used to hire development resources, “build additional integrations and developer tools, perform third-party security… Read More

Ontology to Create Infrastructure for Patract Labs, a Solution Developer for Polkadot’s Parachain Contract Ecosystem

Ontology, the “high-performance,” open-source blockchain that’s focused on digital identity and data, will be working with the Polkadot Ecosystem Project, which is described as a “sharded” blockchain that connects multiple chains together in a single network. According to a release, the joint venture will see… Read More

Ontology (ONT) to Accelerate Development of Decentralized ID Solutions by Building on Polkadot (DOT)

Blockchain platform Ontology (ONT) is building on Polkadot (DOT) so that it can accelerate the adoption of decentralized identity solutions. The Ontology team noted that they will be developing applications on Polkadot, which is a sharded blockchain that can seamlessly connect several different chains together… Read More

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