Polkadot on its own doesn’t allow contract development as it’s not an application platform but more of a kind of meta-protocol, said Gear Technologies founder Nikolay Volf, who was previously a core developer at Parity working closely with Wood over a six-year period. Source
An Australian software developer has created an online repository of non-fungible tokens (NFTs) called the “The NFT Bay”. The repository includes JPEG versions of the NFTS, not the blockchain-secured token itself. Adelaide resident Geoffrey Huntley launched The NFT Bay 10 hours ago containing a 17.96 terabyte archive of non-fungible token image copies that has since attracted a total of 1.2 million visits. The site has the same layout and logo as torrent website The Pirate Bay, where users can download pirated films, video games, music, and other media. However, instead…
Earlier this month, Palantir added Elementus to its Foundry for Builders Program, which provides startups with access to the flagship Foundry data intelligence software. In his email to investors, Galka wrote that access to Foundry will “turbocharge our analytic products.” Source
Cross-chain wallet XDEFI is looking to raise $12 million by selling its new utility token, $XDEFI, on a decentralized exchange (DEX), a spokesperson told CoinDesk. The token, which conforms to ERC-20, will be used to fund decentralized finance (DeFi) and non-fungible token (NFT) projects, XDEFI Wallet said Tuesday. The sale, known as as an initial DEX offering (IDO), will take place in early November on MISO, the platform built for offering new tokens on the SushiSwap DeFi protocol. XDEFI released its cross-chain wallet, which enables users to store, send and…
Crypto-social platform Rally has earmarked $12 million for external developers to improve the functionality of the ecosystem, potentially setting the stage for new innovations that would benefit creators. The grants program will be distributed through RLY tokens, the native cryptocurrency of the Rally ecosystem, the company announced Friday. A community-elected developer council controls $5 million worth of RLY, giving it considerable sway over which types of bounties and rewards get distributed. Prior to establishing the new program, Rally awarded third-party developer grants to Bonfire, MintGate and David Young, the creator…
A new layer-2 ecosystem is on the rise and now it has $12 million to expand operations. Aurora, a project built on the NEAR blockchain allowing for Ethereum Virtual Machine (EVM) contracts to run on the chain, has completed an equity raise of $12 million at a $150 million valuation. The round was led by Pantera Capital and Electric Capital, but the round included over 100 investors by virtue of a “ecosystem bucket” accounting for the majority of the raise. In an interview with CoinDesk, Aurora founder Alex Shevchenko said…
Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApp) built on the Near protocol, has announced a $12-million debut funding round. The round included over 100 venture capital investors, including Pantera Capital and Electric Capital. According to an official statement, Aurora will use the funds to expand cross-chain capabilities beyond its current offering, in addition to hiring specialist developers to support the growth of Ethereum scaling. The scaling solution seeks to facilitate interoperability between blockchains through its EVM connection and multichain bridge, granting developers the accessibility to…
Futureswap has raised $12 million in venture funding from Framework Ventures, Ribbit Capital and Placeholder.vc to launch an updated version of its Ethereum-based exchange. The protocol, which taps into v3 of leading automated market maker (AMM) Uniswap, enables leverage of up to 30 times on any liquidity pool. “We’re super excited to add this layer as a new primitive,” CEO and co-founder Derek Alia told CryptoX in an interview. “The amount of possibilities now are very, very cool.” Perpetuals are a crypto innovation similar to futures but without an expiration…
Futureswap has raised $12 million in venture funding from Ribbit Capital, Framework and Placeholder to launch an updated version of its Ethereum-based exchange. The protocol, which taps into v3 of leading automated market maker (AMM) Uniswap, enables leverage of up to 30x on any liquidity pool. “We’re super excited to add this layer as a new primitive,” CEO and co-founder Derek Alia told CoinDesk in an interview. “The amount of possibilities now are very, very cool.” Perpetuals are a crypto-native innovation similar to futures but without an expiration date, enabling…
“This funding will accelerate our global growth trajectory, making cryptocurrency easily accessible to even more customers across the world,” Janine Grainger, who serves as the company’s CEO, wrote CoinDesk. “It is a clear endorsement of what the Easy Crypto team has achieved to date and the growth potential of the platform.” Source