Last week, Polkadot released a new version, which integrates two important functions, which deserve everyones attention.One is Beefy, which is a protocol,Allow Substrate chains to bridge non-Substrate chains using the finality provided by GRANDPA.With the improvement of Beefy in the future, more mainstream public chains will be able to link to Polkadot more easily.The other is MMR (Merkle Mountain Range), also known as Merkle Mountain Range, which is a Merkle Tree (Merkle tree) structure, which looks like a group of continuous mountain peaks. It is designed so that it cannot be modified after the node is inserted. , supports dynamic insertion, hence the name.
Merkle Tree (Merkle Tree) is a common data structure in the blockchain, which is mainly used to verify the completeness and accuracy of the blockchain data. MMR can greatly reduce the amount of data that Merkle proves. Therefore, compared with the traditional Merkle Tree blockchain, it can greatly reduce the burden of storage and network, and improve the verification efficiency.Both of these functions will provide technical support for Polkadot’s cross-chain transfer bridgesecondary title2. Be wary of false propaganda projects
Our Polkadot Ecological Research Institute has established a community for Polkadot enthusiasts to discuss Polkadot ecological projects together, which is equivalent to providing a place to identify projects and help everyone avoid some bad projects or scams.
Just last week, a falsely advertised project was discovered in the group. A project called Polkadot Ecos first lightweight high-performance IPST project claims that Gavin Wood is their consultant, and has made an active spread in overseas core technology circles (as shown below).In this regard, we specifically searched well-known overseas blockchain communities and mainstream media, and found that there was publicity for the project. At the same time, we also contacted the Polkadot official for confirmation, and the reply was This is a scam (this is a scam).
3. Another round of Polkadot ecological acceleration is coming soon
Information about Polkadot’s ecology is available every day, and many friends are often dazzled and don’t know where to focus. For an ecology, the more projects above, it naturally reflects the development prospects of its ecology. Therefore, to seize the development dividend of an ecology, we must pay attention to high-quality projects in this ecology in advance and look for opportunities for early deployment. So, there are so many projects, and I don’t know which project is good, what should I do?This has to mention a piece of news this week - the second phase of the Web 3.0 training camp is about to start. The Web 3.0 training camp is co-sponsored by Wanxiang Blockchain Lab, New Chain Space, Parity and Web3 Foundation.Provide all-round support including technology, products, capital, and ecological cooperation for entrepreneurial teams related to Web 3.0 technology, build a clear and sustainable business model, and help the project mature.There are 12 projects participating in this training camp, and the projects that can be selected are all strictly screened projects, which can save us a lot of effort in inspecting projects. Lets review the shortlisted projects of the first phase of the Web 3.0 training camp held in April last year, namely ABMatrix, Acala Network, Advanca, Ankr, Bifrost, BlockTEST, Celer Network, Crust, Darwinia Network, Dimension (Mask Network), HashKey Me , MYKEY, Phala Network, Plasm, Stafi.Looking at it now, many of these projects are already familiar, and there have been many outstanding performances and great achievements in the past and this year (access to financing and strong alliances)。Therefore, this training camp is also worthy of attention. At that time,Registration link:。https://9424105689699.huodongxing.com/event/4595380870900The following is the introduction of Polkadot Ecological News last week, please enjoy.[Polkadot releases Polkadot v0.9.0, deploying parachains on Kusama]According to PolkaWorld news, early this morning, Polkadot released a new version of Polkadot v0.9.0. This release includes client-side changes to allow parachains to function correctly. This means that when all nodes are successfully upgraded to this version, the parachain function will be officially deployed on the Kusama chain. At the same time, this version also integrates Beefy and MMR (Merkle Mountain Range) for the Polkadot-Ethereum bridge, as well as the Polkadot-Kusama bridge mentioned by Gavin (once connected, 1% of DOT can be transferred to Kusama network) and other cross-chain bridges.[The second phase of the Web 3.0 training camp is about to start, and 12 outstanding blockchain entrepreneurial teams are shortlisted]The opening ceremony of the second phase of the Web 3.0 training camp will be held at 2:00 pm on May 14th at the Hongkou Science and Technology Finance Building in Hongkou District, Shanghai. The 2021 Web 3.0 Training Camp is co-sponsored by Wanxiang Blockchain Labs, Xinlian Space, Parity and Web3 Foundation. It will recruit 12 outstanding teams from all over the world and provide them with six-month training. On the basis of the success of the first phase, the training mechanism of the second phase of the Web3.0 training camp is continuously upgraded, aiming to use the effective resources in the Wanxiang blockchain ecosystem and the Polkadot global ecosystem to provide a foundation for Web 3.0 technology-related entrepreneurship The team provides all-round support including technology, products, capital, and ecological cooperation to build a clear and sustainable business model and help the project mature.[Polka Weekly: The Polkadot Council passed the treasury proposal proposed by PolkaWorld]According to the Polkadot Weekly Report, the updated version of Polkadot, the parachain function is being audited and the Kusama network is subsequently deployed.1. The Polkadot Council passed the treasury proposal proposed by PolkaWorld.2. Due to the upgrade of the v30 runtime, the current minimum pledge amount on Polkadot is 1 DOT.3. Kusama nominators have been increased from a maximum of 16 validators to a maximum of 24 validators.4. Kusma’s handling fee and deposit have been reduced by 50 times.3. Big ecological news
【Reef Finance releases IDO platform ReefStarter】
According to news from Cryptoslate on May 5, the cross-chain DeFi operating system Reef Finance has released the initial DEX product launchpad on its blockchain Reef Chain developed based on the Polkadot Substrate architecture. The new product, simply called “ReefStarter,” is a decentralized IDO platform that enables crypto projects to distribute tokens and increase liquidity.
【Plasm Network will launch the Shiden Azure program through Microsoft Azure】
According to official news, Plasm Network, the Polkadot ecological smart contract platform, announced a partnership with Microsoft, and Microsoft has accepted the Microsoft for Startups program of Stake Technologies, one of the core companies behind Plasm Network. When the Plasm Network RD chain canary network Shiden Network becomes a Kusama parachain, Plasm Network will work with Microsoft to launch the Shiden Azure project through Microsoft Azure, and Shiden Network will also import validators from the Kusama relay chain. Collators on Shiden Network will be able to run nodes on Azure with technical support from Stake Technologies and Microsoft. After the network stabilizes, Plasm Network plans to list our own DApps and infrastructure services on the Microsoft Marketplace. Microsoft for Startups is a global program dedicated to helping startups successfully scale their products.
【Polkadot ecological DeFi and prediction market Polkamarkets has been migrated to Uniswap V3】
According to official news, Polkadot ecological DeFi and prediction market Polkamarkets announced that it has migrated to Uniswap V3, including POLK/ETH Uniswap market and Uniswap liquidity plan. In addition, Polkamarkets will increase the monthly rewards of the Uniswap LP program to 50,000 in the next 3 months.
[UniArts Network provides NFT technical support for Shanghai Wenchuang IP Industry Center]
Entromiao Technology, a UniArts Network ecological cooperation enterprise, signed an agreement with Shanghai Wenchuang IP Industry Center to provide the latter with NFT digital asset development and sales services based on its artwork and Wenchuang IP product resources.
It is reported that the NFT materials of the first cooperation between the two parties include:
1. Several paintings and works of art by Zhang Daqian
2. Chi Leis digital artwork
3. Teddy collects digital art works
All the above NFT products will be sold on the NFT sales platform of Fantuan Mihua.
[UniArts Ecosystem will release One Thought Eternal themed NFT]
It is reported that Entromiao Technology, an ecological partner of UniArts Network, has recently signed a cooperation agreement with the project party of the One Thought Eternal TV series to produce and distribute One Thought Eternal TV drama theme NFT for it. One Thought Eternal is the fourth novel by writer Ergen after Immortal Rebellion, Seeking the Devil and I Want to Seal the Sky. In 2020, the animation of the same name was jointly produced by Penguin Films and Shimei Films. Currently, the TV series of the same name is under development. Filming in progress. This time, the theme NFT of One Thought Eternal will be one of the first products on the shelves of the Fantuan Secret Talk NFT store. .
【SubGame (SGB) is now registered on the Huobi Ecosystem】
4. Ecological investment and financing
4. Ecological investment and financing
[Polca DeFi project Equilibrium completes $8.5 million in financing]
According to CoinDesk, the Polkadot DeFi project Equilibrium has completed $8.5 million in financing, and the funds raised will be kept by London-based cryptocurrency custodian Copper. Equilibrium previously raised $2.2 million in funding from investors including CMS Holdings, LD Capital and Signum Capital.
[Polkadot Ecological Stablecoin Protocol Standard Protocol completes $2 million in financing]
According to official news, the Polkadot ecological stablecoin protocol Standard Protocol has completed a new round of financing of 2 million US dollars. The participating institutions of this round include CMS, NGC, MXC Labs, A195, Link Pad, Spark Digital, Moonwhale, Phoenix VC, Signal Venture, Momemtum , Blocksync, Lotus Capital, AU21, GenBlock, D64 Ventures, CryptoDream Fund, Master Ventures, Aspectus Ventures, DEXTools. Currently, Standard Protocol has completed $3.575 million in financing.
【Crafting Finance, Polkadots ecological synthetic asset platform, completed the seed round of financing, LD Capital and others participated in the investment】
Crafting Finance, a Polkadot ecological synthetic asset issuance and trading platform, announced the completion of a seed round of financing. The investment amount has not yet been disclosed. AU21 Capital, CMS Holdings, Continue Capital, LD Capital, Longhash Ventures, Northbund Capital, PAKA Capital, Signum Capital, SNZ, Spark Digital Capital participated in the investment.
[Asset exchange protocol Bondly received investment from OKEx Blockdream Ventures, the two parties will explore the NFT field in depth]
According to official news, the asset exchange agreement Bondly has been invested by OKEx Blockdream Ventures. The two parties will explore the NFT field in depth and provide services and resource support for the development of NFT high-quality blockchain projects. On the one hand, Bondly will provide LaunchPad services for high-quality projects that OKEx BDV cooperates with in the form of NFT; on the other hand, the two parties will jointly bring excellent brands to Bprotect, and will also carry out brand cooperation with OEC ecological assets in the form of NFT innovation. Bondly is an interoperable, transparent, and convenient asset exchange protocol that aims to revolutionize traditional asset custody methods and enable every artist to enter their own digital marketplace. At present, it has been running on the three chains of Ethereum, BSC, and HECO, and will realize cross-chain operation through Polkadot in the future.
[Cross-chain asset protocol KnitFinance completes USD 1 million financing]
According to NewsBTC, KnitFinance, a cross-chain asset protocol based on Polkadot, completed a financing of US$1 million, with participation from Dao Maker, AU21 Capital, and LD Capital.
[Polca DAO infrastructure SubDAO received investment from Huobi DeFi Labs]
5. Ecological cooperation
5. Ecological cooperation
[Moom World has opened the Polkadot parachain SubGame (SGB) single-currency pledge mining channel today]
According to official news, Moom World has opened the Polkadot parachain SubGame (SGB) single-currency pledge mining channel today. Users can obtain SGB income through one-click pledge SGB mining in the SGB pledge pool. The minimum participation amount for mining is 10SGB , the estimated annualized return is 36%-120%. SGB is currently listed on BiKi, LBank, Wave, MoomEX, and ACEex.【PolkaRARE has reached a cooperation with PolkaFoundry and will conduct IDO in Red Kite】PolkaFoundry announced a partnership with PolkaRARE, an interoperable cross-chain NFT marketplace. PolkaRARE will use PolkaFoundry one-stop production center for NFT and DeFi applications on Polkadot and other blockchain ecosystems to create a frictionless cross-chain NFT marketplace and user experience. NFT e-commerce stores on PolkaRARE can conduct business with buyers and sellers on the blockchain through a fully functional, scalable and interoperable storefront. PolkaRARE will conduct an IDO on May 11th on Red Kite, a multi-chain startup platform under PolkaFoundry.[Polkadot ecological smart contract platform Clover Finance and decentralized auction protocol Bounce have reached a strategic partnership]According to official news, the Polkadot ecological smart contract platform Clover Finance has reached a strategic partnership with the decentralized auction agreement Bounce. It is reported that this cooperation will ensure a smooth multi-chain user experience on the Bounce platform by integrating the Clover cross-chain wallet, so as to connect multiple blockchains of dApps and view multi-chain assets at the same time. Bounce will deploy its platform to the Clover ecosystem, thereby becoming the first decentralized auction protocol on Polkadot. At the same time, since Bounce is currently based on the Binance Smart Chain, it will cooperate with Clover to develop a cross-chain bridge between BSC and Polkadot.[Polkadot ecological cross-chain DEX agreement Zenlink reached strategic cooperation with SakeSwap and Bondly]Polkadots ecological cross-chain DEX agreement Zenlink has reached a strategic cooperation with SakeSwap and Bondly to carry out the genesis distribution of Zenlink NFT on BSC. In this cooperation, Zenlink will complete the Zenlink NFT Genesis Issuance of the relevant part of the first public beta on SakeSwap, and the other part of the Genesis Issuance will be completed on Bondly. At that time, users will be able to complete the NFT application through the SakeSwap and Bondly platforms. SakeSwap is a DEX built on the Ethereum network and BSC that supports slippage capture and liquidity crowdfunding. Bondly is an interoperable, transparent and portable token exchange protocol.[Phala Network and Polkadot Ecological Wasm contract technology laboratory Patract Labs have reached a strategic cooperation]Therefore, we decided to establish a Polkadot ecological group, which can openly discuss all Polkadot ecological projects. Everyone can objectively share their views on each project, understand the development of each Polkadot project, and exchange information to seize opportunities together.Thanks to PolkaWorld, the first Chinese community of Polkadot, and Blockchain Knights for their support of this article.
