Gavin Wood, the creator of Polkadot and Kusama, has published a tentative schedule for the much-anticipated Kusama parachain slot auctions. It has been reported that according to a blog post posted on Tuesday that the first parachain auction slot will open on June 15 at 12:00 PM Central European Summer Time. However, the tentative schedule, subject to the approval of the Kusama Council and other KSM stakeholders, will see the maiden parachain auction concluded by June 17, wit

Report said that Cardano and Polkadot have continued to dominate the staked capitalization rankings. It has been reported that Cardano is currently the top blockchain in terms of staked value, with around $26.4 billion worth of Cardano (ADA) allocated to securing the network. However, with Cardano’s entire capitalization tagging $36.6 billion, 73% of circulating ADA are being staked. Staking Rewards estimates Cardano stakers are earning an annual reward of 7.22%. The report s

Coinbase has announced that it will be supporting the Acala Ecosystem, “all-in-one DeFi hub of Polkadot”. Coinbase will also support the DeFi hub of Kusama, ‘Karura’. The one which is being built by the Acala team. Both the DeFi ecosystems are ready to launch, which means that users will be able to enjoy the various applications from day one of the launch, as stated by Dan Reecer,Acala’s VP of growth. Explaining the launch process, Dan further says: The Acala team’s path to l

On March 31, Enjin has introduced an NFT platform ‘Efinity’, built on Polkadot. For the platform, the private funding round was led by crypto exchange platform Crypto.com that raised $18.9 M. The platform is expected to offer greater scalability since built on Polkadot for the users who will participate in the space. In the case of processing transactions, Efinity blockchain initially plans to process six transactions per second. Later the team has further planned to adopt a

Announces the launch of their India Hackathon “Polkadot Buildathon: India” aimed at developers and entrepreneurs driving the Web3 wave in India; Winners of the two-month-long hackathon to win prizes from a pool of $1400 Bangalore, March 30, 2021: Web3 Foundation, a Swiss Foundation that facilitates a fully functional and user-friendly decentralized web in association with Lumos Labs, today announced the launch of the first edition of Polkadot Buildathon: India to build and ex

Simplex, the fiat-to-crypto on-ramp provider, has announced that it will support Polkadot in its network of crypto exchanges, wallets, and brokers. It has been reported that Simplex said its integration of Polkadot and its DOT token would allow crypto users to purchase the token with a credit or debit card, Apple Pay, or bank transfer. However, the financial institution is aiming for “mass cryptocurrency acquisition and adoption” by saying that the addition of DOT to its list

Parity Technologies, the company behind Polkadot, has planned to roll out a new parachain “Statemint” to enhance the use-case for Polkadot. It has been reported that a common-good parachain is a parachain that’s granted slots through governance as opposed to the auction mechanism that underlies Polkadot. However, the auction method doesn’t work effectively for all parachains, i.e., those that could be considered as “common goods.” A new parachain governance proposal called “S

SushiSwap is deploying its contracts on five networks, and Balancer announcing ports onto Moonbeam and Polkadot. It has been reported that Joseph Delong, the CTO of SushiSwap, announced that the DEX had deployed contracts on xDai, Moonbeam Network, Binance Smart Chain, Polygon (previously called Matic), and Fantom. Sushi is going multichain 🍣⛓ We have deployed the Sushi contracts to these networks 1. @FantomFDN 2. @0xPolygon 3. @xdaichain 4. @binance 5. @MoonbeamNetwork

Binance Labs, the venture arm of Binance, has led a $2.4 million Series A funding round for Plasm Network, the Polkadot-based smart contract platform. It has been reported that Plasm Network’s funding round is the first investment made using Binance Labs’ $10 million funds to support projects in the Polkadot ecosystem. Plasm is a leading parachain candidate on Polkadot supporting Ethereum and Layer-2 scaling solutions. However, in December 2020, Binance Labs led a $12 million

Moonstake has entered into a strategic partnership with Singapore-based RockX to support the Polkadot ecosystem. RockX aims to develop the Polkadot ecosystem. It not only runs its own Polkadot’s node but in September, launched a USD 20 Million five-year investment program. Through this partnership, Moonstake and RockX will accelerate the spread of Polkadot in the blockchain industry through staking. Moonstake started in the staking business last year with the aim to create th

Equilibrium, the cross-chain decentralized finance lending protocol, has planned to bring its US-dollar-pegged stablecoin to Moonbeam, a Polkadot project building an Ethereum-like blockchain. It has been reported that DeFi projects building on Moonbeam will be able to use Equilibrium’s stablecoin as if it were native to the blockchain. However, this includes decentralized exchanges, single-purpose lending protocols and other DeFi building blocks. The report said that Moonbeam

Polkastarter, a decentralized exchange on the Polkadot platform, is launching a mechanism for crowdfunding, to offer token sales through the platform, as “Fixed Swap Pool,” the project, which can list their tokens and set up a pool with a fixed per-token purchase rate. It has been reported that the product is going LIVE today, and three projects are using the platform to raise funds in the first three days of launch. These include two decentralized autonomous organizations, S

The report said that Huobi and the Web3 Foundation are pouring resources into supporting projects on the Polkadot network, as Huobi Global indicates that the cryptocurrency exchange is angling to become a key player in the growth of the Polkadot. It has been reported that the Seychelles-based exchange announced a Polkadot Sponsorship program, as well as a $5 million Tether stablecoin fund from the Huobi Innovation Lab to support “developers, event organizers, content creators

The MoonBeam project has planned to set up a custom parachain that imitates the Ethereum Virtual Machine environment, recreating Ethereum (ETH) on Polkadot (DOT). It has been reported that developers on Polkadot and some other interoperability projects usually need to set up an entire blockchain to host their decentralized apps. However, while Polkadot’s Substrate framework is intended to make this process simpler, not all DApps need that level of control over their environme

A new DeFi project Equilibrium that connected with the Polkadot (DOT) blockchain, is set to be carried out by blockchain security firm Quantstamp. It has been reported that the project had first announced its plans to develop an interoperable protocol on Polkadot in the summer of this year. However, for its transition to Polkadot, the project has been developing new products for its decentralized, cross-chain money market, such as interoperable stablecoins, a synthetic asset

The Polkadot team released a major milestone for its Substrate blockchain framework. It has been reported that it provides a way for blockchain applications to interface with the outside world without relying on external oracle providers. However, Substrate is the name used for Polkadot’s blockchain building framework, as it provides developers with a variety of tools to design their custom blockchain for a variety of possible applications. The blockchains can then be launche

RockX, the digital asset development company, has launched a $20 million investment program to support the Polkadot (DOT) ecosystem over the next five years. It has been reported that the funding, capped at a maximum of $500,000 worth of DOT tokens per project, will be provided alongside technical support from the team’s developers. However, in return, the firm will receive tokens or equity from supported projects. According to the report, RockX, which currently runs a node f

Robonomics lifetime subscription token “Robonomics Web Services (RWS)” is trading for close to six-figures on Uniswap, as the highly-anticipated launch of Polkadot’s (DOT) mainnet has seen many smaller crypto assets associated with the project explode recently. It has been reported that both tokens of the distributed ledger technology (DLT)-powered robotics and Internet-of-Things (IoT) project Robonomics have been among those to surge alongside Polkadot, with the price of its

Rumor on Polkadot suggests that the project appears to be launching its second token sale for its token, the DOT after a “building with Polkadot” page is published. It has been reported that the dashboard of the upcoming sale is located on the polkadot.network website under the “/get/” path. However, prospective “builders” can sign up to build through a “Get Started” page by providing their e-mail. They will then receive a form to fill with their personal data. The first step

An upcoming defi project built on Polkadot (DOT) Stafi, or Staking Finance is looking to unlock liquidity that would be tied up in staking as part of its consensus mechanism. The project wants to implement liquid staking on Polkadot and potentially other blockchains as well. One of the drawbacks of staking funds for consensus is that they cannot be used for anything else while locked up. We have achieve a great milestone in Seiya public testnet,120 validators,138 nodes,237K b