The service was developed in collaboration with blockchain startup Pinata based on Filecoin and IPFS technologies. NFT.Storage provides protection for tokens and their associated metadata. When a user uploads data to a service, IPFS generates an address associated with a unique cryptographic hash identifier (CID). This approach avoids a number of problems, for example, the…

Phase one for the project reached its 250,000 DOT token hard cap. Phase two is looking to net the remaining 750,000 DOT required to land a parachain. Decentralized finance (DeFi) platform Equilibrium has raised around $8.5 million as part of the process to launch its suite of services on the Polkadot network. Equilibrium, which calls…