Enjin’s gaming platform launches first NFT parachain on Polkadot
    17 Mar 2022

    Blockchain firm Enjin announced the launch of Efinity, the first parachain on the Polkadot network dedicated to non-fungible tokens (NFTs) and gaming. In the works since last summer, the Efinity parachain is courting games on existing smart-contract blockchains. Efinity’s ecosystem is set to be home to over 100 blockchain-based games and applications, the first of…

    The first 5 parachains officially launch on the Polkadot network
    25 Dec 2021

    After months of development, the first five Polkadot Parachains launched to the Polkadot network last weekend. The feature will allow for multiple blockchain applications on the ecosystem. Some experts suggest the evolution of competing blockchain networks like Polkadot could threaten Ethereum’s spot as the leading chain for DeFi and DApps. The five parachains that went…

    Acala wins first Polkadot parachain auction with $1.3 billion raised
    21 Nov 2021

    Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured first place in Polkadot’s parachain auctions, with over 81,000 stakeholders locking up their funds in the crowd loan. As a result, the upcoming Polkadot DeFi hub raised nearly $1.3 billion from approximately 25,000 contributors in its token ICO. The first coveted Polkadot parachain slot was…

    Polkadot surges to a new all-time high ahead of parachain auctions

    High-speed blockchain platform Polkadot has recently passed a proposal that enables registration and crowd loans for developers. The news has made the prices of DOT soar 15% to an all-time high. In response to the news, Polkadot’s native token DOT has climbed 15% higher in prices and is currently at $51.57. The Polkadot team announced…

    Cream Finance integrates with Polkadot blockchain via Moonbeam
    04 Sep 2021

    Cream Finance, decentralized finance (DeFi) project, ​​will integrate its lending and borrowing services with Moonbeam, a smart contract platform on Polkadot. Kusama and Polkadot users will be able to use Cream’s services to deposit digital assets as collateral or lend them out. On a Thursday, Moonbeam has announced Cream Finance would be integrating with its…

    Cardano’s Ethereum-сompatible sidechain project opens entry into the DeFi space
    28 Aug 2021

    Cardano plans to make its blockchain interoperable and compete with the DeFi ecosystem based on Ethereum. Using its native altcoin (ADA), Cardano is getting closer to its decentralized finance objectives in partnership with dcSpark. dcSpark, a product-based DLT company, announced on Wednesday plans to develop a new sidechain project titled “Milkomeda” to aid cryptocurrencies not…