The Week in Polkadot: New Ways to Raise Cash and a Gaming Chain Migrates
The post The Week in Polkadot: New Ways to Raise Cash and a Gaming Chain Migrates appeared on BitcoinEthereumNews.com.
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Welcome to Decrypt’s Week in Polkadot, our regular round-up of the latest developments in the Polkadot ecosystem. Funding platform hits Polkadot Polimec, a new decentralized and community-centric funding protocol, has officially launched on Polkadot. The platform allows its community members to assess and support Web3 projects, granting them access to funding information and project evaluations, and allowing them to join funding rounds. The protocol, according to Polimec, is specifically built with compliance with U.S. regulatory standards in mind, and users must first obtain a Deloitte KYC Credential before they begin to invest. Members of the platform can choose to become evaluators. These will then take part in a 28-day evaluation round where they perform due diligence on a new project, assessing factors such as the project’s whitepaper, team, and tokenomics—details such as token supply and distribution. These evaluators will be rewarded for their efforts with tokens if the projects they support manage to make it to the fundraising phase successfully. Some of the first projects set to be hosted on the platform include emerging markets-focused blockchain Mandala based out of Bali, Indonesia, infrastructure development platform Apillon, and carbon tracking project ImpactScope. Mythos Chain to migrate to Polkadot One of the Web3 gaming industry’s largest blockchains, Mythos Chain, is set to migrate to Polkadot. The move will bring over 750,000 active wallets and a million new users into the Polkadot ecosystem. Mythos Chain is used to provide the framework which supports Mythical Gaming, a gaming firm behind mobile games NFL Rivals, Nitro Nation and the now defunct Blankos Bloc Party. The developer’s games all focus on player-owned economies and enabling…
Filed under: News - @ May 25, 2024 8:18 am