CryptoSlate caught up with James Wo, the Founder and CEO of Digital Finance Group (DFG), to talk about interesting developments that are about to unravel in the budding ecosystem between the two sister blockchains–Polkadot and Kusama.DFG focuses on blockchain equity and token investment, with a portfolio that ranges from Layer 1, Layer 2, Web3, CeFi, DeFi, NFTs, and beyond.Last … [Read more...] about True benefits of Polkadot’s Parachain concept are about to be revealed, taunts DFG Founder James Wo
parachain
Polkadot envisions Web3 disruption with multiple parachain launches
Open-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain) aimed at improving the interoperability between multiple blockchains. According to the announcement, the Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions, namely, Acala, Moonbeam, Parallel Finance, … [Read more...] about Polkadot envisions Web3 disruption with multiple parachain launches
Subsocial network wins Kusama’s 16th parachain auction with over 100k KSM raised
Subsocial Network, a decentralized platform designed to support the creation of decentralized social networks has won the most recent Kusama parachain slot auction. A total of 16.5 million (16.5% of the total supply) SUB tokens will be allocated as rewards for crowdloan participants. It is only the 4th crowdloan to hit the cap of 100k $KSM.Subsocial is building the future of … [Read more...] about Subsocial network wins Kusama’s 16th parachain auction with over 100k KSM raised
Moonbeam wins Polkadot’s second parachain auction with $1.4 billion pledged
Moonbeam, an Ethereum-compatible smart contract platform, has won the second parachain auction on Polkadot.According to the company’s announcement, over 35 million DOT, worth approximately $1.4 billion.Unprecedented community support helps Moonbeam secure a two-year slot on PolkadotAfter losing the last parachain auction to Acala, Moonbeam has now emerged as a winner of … [Read more...] about Moonbeam wins Polkadot’s second parachain auction with $1.4 billion pledged
Kusama parachain KILT hits the market aiming to fulfil the need for a decentralized identity solution
Earlier this week, KILT Protocol delivered its native KILT tokens to users that supported the protocol’s crowdloan on Kusama.Parallel to its token transferability event, KILT also launched two new additions for storing and staking KILT—the Sporran wallet and the Stakeboard staking application.KILT and its decentralized identity solutionKILT is an open-source blockchain protocol … [Read more...] about Kusama parachain KILT hits the market aiming to fulfil the need for a decentralized identity solution