The Polkadot ecosystem has had more activity, new concepts, and funding. Let’s dive right into this article to see the innovations and updates.
Polkadot stands out in blockchain by providing hardware, analytics, and ways for different systems to work together.
1) Kampela became the first hardware wallet backed by a DAO
It is one of the first hardware projects backed by a DAO in Polkadot. The company got approximately $1 million by utilizing Polkadot’s community-driven mechanism. It demonstrates how DAOs can use new strategies to develop blockchain projects. Kampela Wallet relies on NFC technology to work without a battery, giving crypto users a safe and easy-to-use option.
Kampela’s community-based funding approach paves the way for future blockchain hardware projects. It demonstrates the power of decentralized governance in pushing technology forward. It also shows how decentralized governance can help advance technology.
#Kampela, a hardware startup, secured $1M in funding through #Polkadot’s #DAO 👥💰
This marks the first hardware project fully backed by a DAO on Polkadot, highlighting decentralized governance’s role in driving innovation for secure blockchain devices 🌐https://t.co/YjfJhZ0uI1
— DAOscope (@DAOscope) September 13, 2024
2) The Tie Rolls Out Polkadot Ecosystem Dashboard
The Tie, a top digital asset analytics provider, has introduced a new Polkadot Dashboard on its platform, The Tie Terminal. The dashboard informs clients about Polkadot’s performance and activities across Parachains.
It also provides key metrics to investors, facilitating investment decision-making. This makes The Tie an essential source for anyone who wants to learn more about Polkadot or use data to make choices.
Introducing The New Tie Terminal: The All-In-One Platform for Institutional Crypto.
Redesigned and rebuilt from the ground up, The New Tie Terminal delivers an endless list of new features, data, and functionality, a tweet thread can barely scratch the surface.
What’s new: pic.twitter.com/XUIubiPJU8
— The Tie (@TheTieIO) September 3, 2024
3) Dune Expands to Include Over 50 Parachains in Polkadot
Dune continues to be the most significant information collector for Polkadot’s parachains. It has added more than 50 chains to its system.
As Dune covers more ground, you can watch DeFi activities, web3 gaming, and NFTs happening in Polkadot’s network. Dune gives you a deeper look into Polkadot and allows you to make informed decisions.
📊 Dune now supports 50+ Polkadot parachains with in-depth data for on-chain analytics 💗
Devs can now query data from any corner of the eco, while end-users will benefit from ready-made dashboards for key insights into on-chain activity ✅
👀 Check out @DuneAnalytics‘s… https://t.co/ZOBTDqO7mC
— Polkadot (@Polkadot) September 11, 2024
4) Hyperbridge Raises $2.5 Million in Seed Funding for Blockchain Interoperability
Hyperbridge raised $2.5 million in seed funding. It aims to enhance blockchain communication by offering a reliable answer built on Polkadot. Hyperbridge has a parachain slot in the Polkadot network, and it’s about to change how blockchains talk to each other.
It gives super-safe ways for chains to work together and sets new rules for DeFi and other blockchain apps.
We’ve secured $2.5m in funding from @Web3foundation and @scytaledigital to build the endgame of interoperability.
Hyperbridge sets a new standard: secure and verifiable interoperability, by combining advanced zero-knowledge cryptographic and cryptoeconomic protocols.
1/6🧵 pic.twitter.com/XRC5F9lNEq
— Hyperbridge (@hyperbridge_) September 11, 2024
5) EasyA Reaches Over 1,000,000 Downloads: Promoting Developers’ Understanding of Polkadot
EasyA is a Web3 learning app that has reached one million downloads. It has emerged as a critical resource for developers willing to learn more about the Polkadot platform. It is one of the resources known by many developers and is the best platform to learn how to build blockchain and deploy dApps fast.
EasyA just hit 1 million downloads across iOS and Android 😮
Read all about Web3’s latest viral app 👇 https://t.co/7FqQ8giaMi
— EasyA 🤳📱 (@easya_app) September 12, 2024
EasyA’s coding contest has also produced many fresh projects. As it grows fast and becomes more popular, EasyA focuses on training Web3 developers.
Conclusion
Polkadot are growing fast in many areas. It moved from new hardware to teaching developers more about blockchain technology. Now, it connects different blockchains and data to make it more reliable for users. As projects like Kampela, Hyperbridge, and EasyA keep doing well, Polkadot is marking its spot as a top blockchain network in DeFi.
Disclaimer
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