Weekly News from Polkadot & Kusama #138
1. Ava Protocol won the 74th parachain auction on Polkadot
Ava Protocol, previously OAK Network, has won the 74th parachain auction on Polkadot by self-funding 2,000 DOT worth 12k USD. Ava Protocol previously (as OAK Network) won the auction no. 28.
Ava Protocol solves a programmability problem by building the Web3 hub for DeFi and payment automation through an easy-to-use event-driven transaction model built on Polkadot.
2. Robonomics won the 75th parachain auction on Polkadot
Robonomics has secured the 75th parachain auction on Polkadot by self-funding 3,100 DOT worth 19k USD. Robonomics has previously won 3 auctions on Kusama, so this is the first time winning an auction on Polkadot.
Robonomics is a platform designed to facilitate trust and direct user access in the robot economy, enabling autonomous services and factories while establishing a decentralized system for monitoring cyber-physical systems globally.
3. Björn Wagner reveals new Polkadot App at Polkadot Decoded 2024
At Polkadot Decoded 2024, hosted in Brussels, Björn Wagner, co-founder of Parity, and George D. Bousis, CEO of Raise, teased the upcoming Polkadot App — a self-custodial wallet designed for ease of use with no seed phrases, usernames, or passwords, using Apple or Google Passkeys. The new Polkadot app has been built by Novasama Technologies.
The app will offer one-click staking, Polkadot Pay for gift card payments, and up to 20% cash back in DOT, launching in Q3.
Also at Decoded 2024, Gavin Wood unveiled details about the JAM implementer prize in his keynote speech.
4. Fabian Gompf announced a new Polkadot Ecosystem Fund from Scytale Digital at Polkadot Decoded
At Polkadot Decoded, the CEO of Web3 Foundation, Fabian Gompf, announced the Polkadot Ecosystem Fund from Scytale Digital, set to launch in October 2024, aiming to leverage Polkadot’s transformative potential by providing growth capital and exposure to startups within the ecosystem.
CEO of Scytale Digital, Mark Cachia, stated that “Launching the Polkadot Ecosystem Fund is a significant milestone for us. We believe in the transformative power of the Polkadot network and are excited to provide the promising talent in this ecosystem with additional support while offering our investors the opportunity to be part of this dynamic ecosystem.”
5. Nova Wallet & Mercuryo announced Debit Cards for Polkadot
Anton Khvorov, CEO of Novasama and Nova Wallet, announced at the Polkadot Decoded the upcoming Nova & Mercuryo Debit Cards for the Polkadot ecosystem, set to launch in September. These cards will enable users to spend their tokens globally wherever MasterCard is accepted.
“This is another mental barrier for the users. They [are now able to] overcome all the challenges to join and start utilizing the ecosystem. But this almost means nothing if there is a huge mental barrier that prevents them from understanding that this is real. So we decided to solve this issue,” stated Anton Khvorov from Nova Wallet.
He also added,”We not only want to provide you a solution that helps you to offramp your tokens and utilize them somewhere the world. What we really want to do is create a brand-new utility”
6. Moonbeam Network reduces block times to 6 seconds with asynchronous backing implementation
Moonbeam Network has successfully implemented asynchronous backing, reducing block times to just 6 seconds. This upgrade significantly enhances throughput capacity, allowing the network to handle more on-chain activity.
Users and developers will experience faster transactions, smoother operations, and new opportunities for dApp development. This milestone marks a major step in making Moonbeam a more powerful and versatile network.
Key highlights of async backing on Moonbeam:
- 6-second block times
- doubled throughput capacity
- improved user and developer experience
7. Kylix Finance receives Decentralized Futures grant for DeFi lending
Kylix Finance has been awarded a Decentralized Futures grant to advance its innovative DeFi lending parachain on Substrate. This funding will propel the development of Kylix, enhancing the Polkadot ecosystem with a decentralized lending market, on-chain collateral liquidation, cross-chain capabilities, and DAO-driven governatestnetnce. The team, led by Gianluigi Davassi and Kumar Gunjan, aims to deploy an MVP TestNet by Q4 2024 and full deployment on Polkadot by Q2 2025.
8. Polkabot AI launches the first-ever Initial Paranet Offering (IPO)
Polkabot AI, the trusted on-chain education agent for the Polkadot ecosystem, has launched the first-ever Initial Paranet Offering (IPO). This initiative aims to revolutionize and expand the community with decentralized AI. Polkabot AI emphasizes the importance of collaborative knowledge sharing, addressing the growing prevalence of AI-generated content.
Through the OriginTrail Decentralized Knowledge Graph (DKG), AI paranets will enhance the accessibility and quality of shared knowledge assets, with incentives proposed and voted on via the NeuroWeb governance mechanism.
9. Crust Network and Xcavate partner for enhanced decentralized real estate storage
Crust Network and Xcavate have partnered to enhance decentralized storage for real estate tokenization. This collaboration ensures secure, scalable storage for property data, eliminating single points of failure and enhancing data integrity. By combining Crust’s decentralized storage with Xcavate’s tokenization protocol, this partnership aims to democratize real estate investments globally.
10. Big Ballz of Bajun (BBB) goes live on Ajuna Network with AJUN token rewards
Big Ballz of Bajun (BBB) has officially launched on the Ajuna Network. This new collective-based game offers a free-to-play model, an affiliate system, and incentivized tournaments. Players who create Legendary Ballz can earn a share of 2% of the AJUN token supply. Explore BBB’s competitive gameplay, mobile accessibility, and unique rewards at Ajuna.
11. StellaSwap launches the BRLA stablecoin on Polkadot via Moonbeam Network, pegged to the Brazilian Real
The BRLA 🇧🇷 stablecoin by StellaSwap is set to debut on the Polkadot ecosystem. Pegged to the Brazilian Real and the first non-USD stablecoin in this space, BRLA will be powered by BRLA digital and utilized by Picnic.
Ranked in the Top 10 on the Crypto Adoption Index, BRLA aims to revolutionize Brazil’s financial infrastructure with GLMR incentives.
- Support Polkadotters Shrimp and Polkadotters Octopus validators on Polkadot and be a part of a more secure Web3 future
- Enhance Polkadot’s governance process by delegating your DOT or KSM to POLKADOTTERS, dedicated community supporters within the Polkadot ecosystem, enabling seamless participation in on-chain governance through Nova wallet or Polkadot Delegation Dashboard
