Polkadot Privacy Layer Raises $5.5 Million, Aims for Parachain Slot
Manta Network, an on-chain privacy solution built for the Polkadot ecosystem, has welcomed $5.5 million in funding from a slew of private equity firms and angel investors. The Network, which aims to bolster privacy for defi users, won investment from some of the biggest names in the blockchain space in a round led by Coinfund […]
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Polkadot’s canary network, Kusama, is set to see decentralized finance hub Karura become the first parachain. Karura network has emerged as the winner of the maiden Kusama parachain slot auction.According to an announcement issued on Tuesday, Karura pulled support from over 15,000 entities who staked Kusama (KSM) tokens in favor of adding the decentralized finance hub as the first Kusama parachain.In total, Karura locked up over 5,000 KSM currently valued at $90 million based on the Kusama market price as of the time of writing. Earlier in June, United States crypto trading platform Kraken....
The first Kusama parachain auction could happen by mid-June if the council votes in favor of a recently released tentative schedule. Polkadot and Kusama creator Gavin Wood has published a tentative schedule for the much-anticipated Kusama parachain slot auctions. According to a blog post posted on Tuesday, the first parachain auction slot will open on June 15 at 12:00 pm Central European Summer Time.The tentative schedule, subject to the approval of the Kusama Council and other KSM stakeholders, will see the maiden parachain auction concluded by June 17, with the bidding period continuing....
The canary project of Polkadot-based multi-chain DApp hub Astar Network has won Kusama’s third parachain auction. Shiden, the sister-project of leading Polkadot-native layer-two decentralized app hub, Astar Network (formerly Plasm Network), has won the third parachain auction for Polkadot’s experimental sister-network, Kusama.Shiden secured the slot with a total of 137,020 KSM tokens bonded — worth nearly $29 million at current prices.Shiden is a smart contract platform for Kusama-based DApps, offering multi-chain support for Ethereum Virtual Machine and WebAssembly-based contracts. The....
The first Kusama parachain slot auction will now commence and is set to run for the next week. Polkadot's Kusama council passed Motion 310 on Tuesday, confirming the start of the first slot auction on the Kusama network.According to details shared on the Polkadot governance platform Polkassembly, 13 out of the 19 “seats” on the Kusama council voted in favor of commencing the slot auction process.First slot auction on Kusama network is approved. Source: PolkassemblyAs previously reported by Cointelegraph, Polkadot and Kusama co-founder Gavin Wood had published a tentative schedule for the....
Astar Network currently ranks third place in Polkadot’s first parachain auction behind Acala and Moonbeam. The first-ever parachain auction on Polkadot is heating up, with leading projects from the Polkadot ecosystem competing for the coveted first slot.On Nov. 15, DFG Group — a global blockchain investment firm controlling $1 billion in assets under management — announced it had pledged 300,000 DOT tokens (worth $12.65 million) in support of Astar Network’s parachain bid.Polkadot will use parachain auctions to realize its sharded proof-of-stake ecosystem. In order to secure a parachain or....