Polkadot Weekly Observation, is a summary of what happened to Polkadot’s entire ecology last week, and we will also share some of our observations on these events in the form of vernacular., is a summary of what happened to Polkadot’s entire ecology last week, and we will also share some of our observations on these events in the form of vernacular.
This article is intended to provide information and opinions, and does not endorse any project. Any project mentioned is not for investment recommendation, but for information display only.
Affected by the capital gains tax imposed by the United States this week, the cryptocurrency market has been hit hard, and Polkadot is naturally not immune. And because the Kusama slot auction has been delayed, many people have already bad-mouthed Polkadot. In this regard, we might as well look at it from a different perspective.If Polkadot is bound to usher in a wave of rises due to the launch of slot auctions, then the sharp declines encountered before this benefit comes out are good times to increase positions.
Of course, from a matter-of-fact perspective, technology research and development is difficult to complete on time as planned. Research and development will always face various difficulties. It is the most normal thing to find a way to solve the difficulties when encountering difficulties. Today, Polkadot has more than 100 engineers participating in research and development around the world. It is currently one of the largest RD teams in the blockchain field. The prototype of Ethereum.
Therefore, with such technical strength, we need to give them more time and confidence, and wait for the problem to be resolved.Moreover, in fact, the official is also quietly playing a game of chess, and launched three important measures this week. Perhaps in this weeks bleak market, everyone will ignore the value of these information, we might as well try to pick them up and tell you the true meaning of them.FirstIt was Gavin Wood who released the Kusama parachain launch list. In the list, in addition to disclosing the three major stages of launching the Kusama parachain function, a series of items to be completed are also mentioned. Among them, the general asset chain Statemint in the public welfare parachain will be launched before the parachain slot auction, which is particularly noteworthy. Perhaps, many friends don’t know much about Statemint. The official definition of it is that it will provide the function of deploying assets in Polkadot and Kusama networks——
From tokenized art to stablecoins and central bank digital currencies (Central Bank Digital Currencies)
, and provide users with a better experience at a lower cost than existing solutions. Simply understood as the place where all general-purpose assets can be issued on Polkadot, including NFT, stable currency and central bank digital currency CBDC.This chain will be an important chain in the Polkadot ecosystem. Why do you say that?Because both the popularity of NFT and DeFi this time revolve around two points, one is assets and the other is applications, just like the popularity of DeFi has also boosted the explosive growth of stablecoins such as USDT and USDC.
Similarly, Statemint will also be the birthplace of an important asset for DeFi in the Polkadot ecosystem in the future.On another level, NFT and CBDC, which are closer to traditional capital markets and enterprises, will bring huge incremental funds to the entire Polkadot ecosystem. Statemint is the entrance of these funds, and massive external funds will also help Promote the rapid prosperity of the entire Polkadot ecology. From the perspective of feasibility, some of the teams doing research and development for Polkadot, such as Sora, have already provided technical support for the Bakong stablecoin issued by the Central Bank of Vietnam.
the secondTherefore, this is a logic that can be verified both technically and commercially.the secondAn important development is the launch of Paritys Builders for Builders program. Prior to this, Parity has officially launched the Substrate Builder Program, which is equivalent to providing support for the project in terms of technology, finance, marketing, and business feedback. It is equivalent to an official incubation plan of Parity.More than 50 projects have participated in this program so far.
But after the successful incubation of the project, there is another problem. These projects are basically chain-issued projects. They also need to develop their own ecology and attract more developers to develop DApps on the chain. However, the development of these projects often Those who do not know how to do a good job in an ecology. Ever since, the official solves this problem for you, and there is this Builders for Builders plan. To put it simply, this plan is to teach these chain-issued project parties how to build a mechanism to incubate DApp.Looking at these two plans together, it can be understood as a one-stop service to pull a project from beginning to end.
Although it is a bit of a joke to say that the word hand in hand is a bit joking, but in fact, seriously, this step is very necessary, because it is only the first step to incubate the projects of the hair chain and let them successfully complete the development of the project . If the follow-up ecology of these projects is not done well, leading to the eventual death of the project, this will also affect the development of the entire Polkadot ecology. Therefore, through this plan, we can see the official good intentions,We have never seen an official that spends so much effort and money to support ecological construction in other projects. This is one of the reasons why Polkadot can quickly build a huge ecology, and it also makes us believe that Polkadot will succeed. To achieve its goal of being the underlying blockchain infrastructure.The third, which means that the time to incorporate the Ethereum ecology into the Polkadot ecology is getting closer and closer, and its significance goes without saying.
The following is the introduction of Polkadot Ecological News last week, please enjoy.
The following is the introduction of Polkadot Ecological News last week, please enjoy.
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2. Polkadot official news
[Gavin Wood released the Kusama parachain launch list]
According to Polkaworld reports, Gavin Wood, founder of Polkadot, released on Github the three major stages of launching the Kusama parachain function and a series of tasks to be completed. Judging from the released list, before the official auction, the Shell chain and the previously introduced public welfare parachain Statemint will be launched. As of the time of writing, I haven’t seen Polkadot officially released any information about Shell chain, but I guess it should also be a public welfare parachain.
[Parity launched the Builders for Builders program! Support parachain teams to develop their own builder ecology]
According to Polkaworld reports, Builders for Builders is a new program aimed at empowering teams that build Substrate-based parachains to develop and grow the builder ecosystem developed on their own parachains. As part of the Builders for Builders program, the Substrate Builders program team will help parachain teams build their own similar programs for teams to build solutions on top of their parachains. Known as Parachain Builders Programs (PBP), these programs will allow parachain teams to serve as mentors to other teams and grow their own thriving community of builders, enriching the entire Polkadot ecosystem.
[Rococo: Statemint test network has been launched]
[Polca Weekly: Parity launches Wococo test network]
According to the Polkaworld Polkadot weekly report, Parity launched the Wococo testnet to prepare for the Ethereum bridge test. 1. Gavin released the Kusama parachain launch list. 2. Kusamas No. 106 referendum has been passed and implemented, and Kusama is currently operating the version of runtime v2030. 3. The Kusama Council passed the proposal to integrate Kusamas treasury proposed by CryptoLocally. 4. At present, there are four parachain testnets Statemint, Tick, Trick and Track on Rococo. 5. The Statemint test chain is running on Rococo. 6. In preparation for Kusamas parachain, Rococo is currently expanding to a Kusama-like network topology and equivalent parameters.
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3. Big ecological news
[Deeper Network: Bione Exchange has forced DPR without official authorization]
Web3 infrastructure and decentralized gateway Deeper Network (DPR) reminded on Twitter that the cryptocurrency exchange Bione Exchange forcibly launched DPR and did not communicate with the official. Investors are advised to invest and trade cautiously.
[The first domestic privacy computing technology alliance initiated by Findora and 9 institutions was established, and Polkadot ecological privacy projects such as Manta Network and Phala Network are also sponsors]
On April 16, 2021, the Privacy Computing In China (PCIC), the first domestic decentralized governance organization in the field of blockchain privacy computing initiated by the financial privacy public chain Findora and 9 institutions, announced established. The 9 founding members of PCIC are: Findora, Oasis Network, CertiK, Manta Network, Phala Network, Cabin VC, Candaq, Blockchain Branch of China Society of Technical Economics, and Blocklike. PCIC aims to create a credible, open, and win-win self-governing organization for the field of privacy computing. PCIC will use the rotation mechanism to manage the Privacy Computing Technology Alliance community by its core sponsor members on a rotating basis, and regularly deliver technical discussions and ecological progress in the field of privacy computing to the market.
[Clover Finance will build a multi-chain wallet across Ethereum and Polkadot]
According to Cointelegraph, Polkadots ecological smart contract platform Clover Finance will build a one-stop infrastructure platform to enable developers of DeFi projects to migrate their DApps from Ethereum to Polkadot. This multi-chain wallet from Clover allows users to view and handle all their assets (including second-layer assets) across blockchains.
[Polkadot Ecological Decentralized Storage Project Crust Releases Kusama Parachain Slot Auction Plan]
According to official news, Crust, the Polkadot ecological decentralized storage project, released the Kusama parachain slot auction plan. The Crust parallel network is named Shadow. Crust Shadow will participate in the Kusama parachain slot auction. Crust Shadow will use Kusama parachain resources The bridge function is responsible for undertaking the information exchange between the Kusama parachain and the Crust network (main network). In the future, Crust network will participate in the Polkadot parachain slot auction, and strive to access the parachain, and bridge the information exchange between Kusama and Polkadot through the parallel network Crust Shadow.
[Punk.Network starts testing on Rococo Statemint, the public welfare parachain of Polkadot]
According to official news, the Polkadot ecological public chain project Punk.Network has launched a test on the Polkadot parachain test network Rococos public welfare parachain Statemint. Statemint has the function of deploying assets in the Polkadot and Kusama networks. At the same time, Punk.Network has been included in Polkaproject. In addition, Punk.Network provides technical support for the issuance of NFT assets in the domestic card game Conquest of the Sky. Conquest of the Sky has been officially launched on the Android platform, and related NFT game card packages will be available on NFTCastle.io in the near future.
[Deeper Network will launch the second season of DPR/USDC liquidity staking on the 26th]
[Polkadot ecological project Darwinia Network has minted tokens on the Polkadot public welfare parallel chain Statemint]
The Polkadot ecological cross-chain project Darwinia Network stated on Twitter that it has successfully minted token assets on the Polkadot public welfare parallel chain Statemint
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4. Ecological investment and financing
[Polca DAO infrastructure SubDAO received investment from Hypersphere
Polkadot DAO infrastructure SubDAO announced that it has received investment from Hypersphere Ventures, the Polkadot ecological fund, in the latest round of financing. Jack Platts, the former Director of External Cooperation of the Web3 Foundation and partner of Hypersphere Ventures, officially served as the chief advisor of SubDAO.
[ZeroHybrid Network, Polkadots ecological distributed trusted computing infrastructure, completes seed round financing]
ZeroHybrid Network, Polkadots ecological distributed trusted computing infrastructure, announced the completion of a seed round of financing with an undisclosed investment amount. Participating institutions include: BlockSync, CMS Holdings, Exnetwork Capital, JRR Group, Lancer Capital, Vega Ventures, YBB Foundation and Zentech Capital. ZeroHybrid Network aims to build a trusted computing blockchain network across multiple architectures. By building a trusted computing environment on entities with computing capabilities such as PCs, servers, and mobile devices, Substrate is used to realize a blockchain network across multiple terminals and structures, and devices with computing capabilities in every corner of the world are combined to form a global trustworthy platform. letter computer.
[Polkadots ecological NFT trading platform NFTMart completed a private equity round of financing of US$1.5 million]
[Polkadot ecological project TrustBase received $2 million investment from Gate Labs]
According to official news, the Polkadot ecological project TrustBase has received a $2 million investment from Gate Labs. It is reported that Gate Labs will provide seed funds in the early stage, and will support project implementation, product development and other work. TrustBase is a Polkadot ecological smart contract parallel chain. Based on the Substrate framework, it independently develops the Subscript smart contract language and supports a variety of tool plug-ins and smart contract applications. The Polkadot parallel chain aims to provide traditional developers with a more lightweight language that can Convenient deployment of Polkadot native smart contracts.
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5. Ecological cooperation
[Polkadots ecological smart contract platform Clover Finance has reached a cooperation with the cross-chain project Darwinia Network]
According to official news, Polkadots ecological smart contract platform Clover Finance announced that it has reached a cooperation with Polkadots ecological cross-chain project Darwinia Network (Darwin), and will jointly study cross-chain solutions for heterogeneous chain asset interaction from three aspects: technology, economy, and efficiency , to introduce more public chain assets such as Ethereum and BSC into the Polkadot ecosystem. At the same time, the two parties will jointly study relevant cross-chain standards in the DeFi and NFT fields.
[Polcacos ecological currency market agreement Konomi and DAO infrastructure Dora Factory have reached a strategic cooperation]
According to official news, Konomi, the Polkadot ecological currency market agreement, has reached a strategic cooperation with DAO infrastructure Dora Factory. Konomi will use Dora Factorys tools to manage the community. At the same time, the two parties will jointly fund research on on-chain governance solutions and product development related to the DeFi protocol. Based on the underlying technology framework of Substrate, Konomi provides cross-chain asset management solutions, aiming to seamlessly connect financial applications on Ethereum to the Polkadot ecosystem. Dora Factory is an open infrastructure for programmable DAO services on Substrate.
[Polkadot ecological smart contract platform Clover Finance and MathWallet have reached a strategic cooperation]
According to official news, the Polkadot ecological smart contract platform Clover Finance announced a strategic cooperation with MathWallet. The two parties will continue to carry out in-depth cooperation in the fields of industry research, technology development, asset security, community services, etc., and jointly promote the ecological development of Polkadot and Layer2.
【Polkadot ecological project Darwinia Network reached a cooperation with the blockchain game platform GamyFi】
According to news on April 22, Darwinia Network has established a strategic partnership with the GamyFi gaming platform, and GamyFi plans to deploy the Darwinia cross-chain bridge to transfer assets between Ethereum and other Polkadot ecosystem chains. The cross-chain bridge also supports the cross-chain transmission of NFT, which will provide infrastructure support for the GamyFi platform.
【Plasm Network and Bondly reached a strategic cooperation】
According to official news, Bondly and the Plasm network have reached a strategic partnership. Bondly will use the Plasma network to further expand into the Polkadot ecosystem through its upcoming NFT launchpad, NFT trading platform: BondSwap, and the upcoming BondProtect. A special NFT will be released on the Bondly launchpad. According to the official introduction, NFT Launchpad is driven by BondSwap, and NFT Launchpad will allow partner projects to use Bondlys infrastructure and network.
[Polkadot ecological hybrid mortgage flexible supply stablecoin Standard Protocol and Litentry reached a strategic cooperation]
Standard Protocol has reached a strategic cooperation with Polkadots decentralized identity aggregator project Litentry. In the next version update, Litentrys cross-chain authentication technology will be adopted to fully evaluate the contribution value of users in all aspects (for example: collateral value, community maintenance) , content production quantity and quality). This will enable users in the Standard Protocol ecosystem to have greater motivation to build and be active on various Dapps, enhance the rights of community governance, and achieve more decentralization.
At the same time, Litentrys identity aggregator technology will be combined with Standards oracle system to improve and enhance the identity verification process and verification accuracy of oracle price feeders in the Standard ecosystem. In the future, when the synthetic assets on Standard are circulated globally, the cooperation between the two parties will expand to the necessary KYC verification in compliance with the regulatory policies of various countries and regions.
It is reported that Litentry is a decentralized identity aggregator, with a blockchain built on Substrate and a distributed decentralized identity (DID) verification network as its core features. The Standard protocol is the first synthetic asset-based hybrid mortgage flexible supply stablecoin based on the Polkadot ecosystem, and has obtained the web3 foundation grant. The protocol implements a hybrid mechanism for minting stablecoins and includes a new paradigm for liquidity.
