British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at the time. The historic 15 character-long SMS will be auctioned off … [Read more...] about Vodafone auctions world’s first SMS “Merry Christmas” as NFT for charity
Auctions
How liquid staking disrupts parachain auctions on Polkadot
A crowd loan is a Polkadot (DOT) crowdsourcing event in Polkadot that allows the community to support project bids in upcoming parachain slot auctions. Users contribute DOT, receive rewards in project tokens and get their DOT back in two years (a standard slot lease duration). This mechanic helps projects raise substantial capital in DOT tokens that may even exceed a few … [Read more...] about How liquid staking disrupts parachain auctions on Polkadot
Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
This week a number of contenders are set to participate in Polkadot's first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the crypto sector.The ongoing Polkadot parachain auctions follow the success of … [Read more...] about Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply
DFG allocates 500,000 DOT to Acala ahead of Polkadot parachain auctions
Crypto investment firm Digital Finance Group (DFG) has allocated over 500,000 DOT ($26.5 million) to Acala, a DeFi platform developed on the Polkadot blockchain network, ahead of its bid for a parachain slot.“We proudly announce our very first decision: 500,000 DOT that will be contributed to the Acala Crowdloan. This was a decision made even before there was any public … [Read more...] about DFG allocates 500,000 DOT to Acala ahead of Polkadot parachain auctions
Polkadot to debut parachain auctions after governance vote
Polkadot (DOT) has laid out a schedule to debut parachain auctions on Nov. 11 following unanimous approval from the blockchain’s on-chain governance council members. The news marks a landmark achievement as it fulfills the final core technical element of the whitepaper published five years ago. Parachains are uniquely distinctive layer-1 blockchain platforms that operate … [Read more...] about Polkadot to debut parachain auctions after governance vote