Polkadot's "Double Eleven" parachain slot auction enters the countdown, and multiple warm-up activities are launched丨Polkado Weekly Report

Polkadot Weekly Observation is a review of what happened in the entire Polkadot ecosystem last week. We will also share some of our observations on these events in plain language. This article is intended to provide information and opinions, and does not endorse any project. Any project mentioned is not an investment recommendation, but only for information display.

1Observations and Viewpoints

The 7th Blockchain Global Summit hosted by Wanxiang Blockchain Lab in Shanghai has ended. The summit was attended by many big names, including legendary figures such as Vitalik Buterin and Dr. Gavin. Dr. Gavin also shared many ideas at the summit, including about Polkadot Parachain. The message conveyed at the summit was that after the code base function of Polkadot Parachain is completed, the code will be deployed to the Kusama network for testing. It is expected that the parachain will be technically available in December. Gavin is still very confident about this.

In addition, Gavin Wood also expressed some views on what has happened in the industry recently. He believes that decentralization and security are not optional functions, and that regulation often targets projects that are considered central, so the peer-to-peer development direction seems to be a more reasonable choice. Polkadot will eventually move towards the goal of peer-to-peer, security and decentralization, which is exactly in line with the vision of the concept of Web3.0 proposed by Gavin.

In addition to solutions like those built on Substrate, which achieve true peer-to-peer on a technical level, Polkadot has also innovatively designed a way for community members to express their opinions on Polkadot’s future plans. This is a new attempt to give Polkadot network participants a say in the future of the Polkadot brand. Those who hold DOT tokens can vote on the voting website. It can be seen that Polkadot is making continuous progress in achieving decentralization and innovation and its determination to build a decentralized network.

The above news can be combined with Gavin’s previous trip to the United States. Before the Polkadot parachain slot auction, Gavin went to the United States to attend multiple Crypto conferences to increase Polkadot’s exposure and dissemination. He then participated in the domestic Web3 conference at the end of October, and the domestic Polkadot hackathon was also successfully held. Then the Asia-Pacific Polkadot hackathon is about to come. Polkadot is going to update its brand recently. Generally speaking, when a product needs to change its brand and be brand new, it is often the rhythm of preparing for a big battle. This time node is just the right time to fully warm up for the Polkadot parachain slot auction.

The biggest news in the Internet world last week was that Facebook officially changed its name to Meta and entered the Metaverse in a big way. The Metaverse is a direction that is inseparable from the blockchain, and many Metaverse projects have benefited greatly. Bit.Country, the first Metaverse project in the Polkadot ecosystem, has also been active recently. First, it reached a cooperation with Birfost, the basic protocol of the Polkadot ecosystem, and Phala Network, the Polkadot privacy computing parallel chain, to explore the cross-chain integration of the Metaverse in DeFi, Web3.0 and computing; then it assisted Zenlink SlotVault parallel chain crowd lending; and also cooperated with SubDAO, the infrastructure of Polkadot DAO, to govern the Metaverse. While the concept of the Metaverse continues to be popular, we can also see the richness of the Polkadot ecosystem and the powerful resource environment in the Polkadot network.

Back to Polkadot itself, just as Kusama first deployed the Shell parachain, then upgraded it to Statemine, and then launched the Kusama slot auction, Polkadot will also follow a similar process. Now Polkadot is ready to deploy the Shell parachain, and the next step is to upgrade the Shell parachain to the general asset chain Statemint on Polkadot, followed by the Polkadot parachain auction on November 11. The most exciting drama of Polkadot is in the countdown, and I hope everyone will pay close attention.

The following is a detailed introduction to the Polkadot ecosystem news last week, please enjoy.

2Polka Dynamics

[Kusama has opened the 12th slot auction at 17:33 on October 25th]

The 12th slot auction has been opened at 17:33 on October 25, 2021. The highest bidder is Picasso (Composable's canary network, note that it is not Compound), and other participants include Bit.Country Pioneer, Integritee Network, Crust Shadow, and Robonomics.

[Gavin Wood: The code base of Polkadot's parachain is complete and is expected to be deployed to the Kusama network in the next one or two weeks]

On October 26, the 7th Blockchain Global Summit hosted by Wanxiang Blockchain Lab was held in Shanghai. Gavin Wood, founder of Polkadot, said that the code base function of Polkadot Parachain has been completed, it has security performance, and its code audit has been completed. There are still some very important corrections before this part of the code is officially put into the production environment. We expect these corrections to be completed in the near future. We hope that it can be completed in the next few days, and we expect it to be no later than early November. The same code will be deployed to the Canary network first, and the deployment of the Canary network can be realized in the next week or two. At the same time, we are quite confident that the parachain is technically feasible, and we plan to deploy it on the Canary network, which can further strengthen our confidence.

[Gavin Wood: In the near future, it will be possible to bridge the two test networks, Rococo, which is dedicated to testing the function of parallel chains, and Wococo, a bridge test network]

On October 26, the 7th Blockchain Global Summit hosted by Wanxiang Blockchain Lab was held in Shanghai. Gavin Wood, founder of Polkadot, said when talking about the Polkadot cross-chain bridge that the communication mode of the cross-chain bridge is separate from that of the relay chain and the parallel chain. The cross-chain bridge represents a low-security system of mutual communication, which allows independent chains to communicate with each other, although it is necessary to realize that if a chain has the lowest security level, this lowest security chain will eventually affect the security of other chains. If a high-security chain is connected to other low-security chains through a cross-chain bridge, the high-security chain will be subject to security risks. The cross-chain bridge allows us to call and achieve interoperability and interoperability between independent chains. We expect to be able to bridge two important test networks, and perhaps in the near future, we will be able to bridge the two test networks Rococo and Wococo. We are currently doing the second round of audits of the cross-chain bridge code, and now this audit has been completed, about two weeks ago. There are still two weeks to be officially completed, and it is expected to be completed soon to finalize the code.

[Polkadot founder Gavin Wood: Regulation tends to be more targeted at projects that are considered very centralized]

On October 26, the 7th Blockchain Global Summit hosted by Wanxiang Blockchain Lab was held in Shanghai. Gavin Wood (Lin Jiawen), founder of Polkadot, shared that the focus on decentralization, security, and scalability are the most important. Regulation is often more targeted at projects that are considered very centralized, such as banks. If this is the case, many projects in the blockchain ecosystem will no longer exist. I think in terms of the timetable, we may not see substantial regulatory actions on centralized projects within 1-3 years, but many projects need to change. Achieving more decentralization, ensuring that participants can participate, and maximum openness, such applications may be less likely to be subject to regulatory approval and requirements. We are committed to achieving decentralization. In other words, fundamentally to make applications sustainable in the long term, we also have some other areas to achieve decentralization and innovation. We have already made progress here, such as governance and light clients.

[Polkado founder Gavin Wood: Parallel chains will be technically available in December]

On October 26, at the 7th Blockchain Global Summit hosted by Wanxiang Blockchain Lab, Polkadot founder Gavin Wood said that he was very confident that the parallel chain would be technically feasible starting in December and that a full code audit had been completed.

The Polkadot brand update event is scheduled to go live on Wednesday, October 27, 2021 at 7pm CEST. This is an innovative design approach that gives the community a say in the future of the Polkadot brand.

On October 27th at 19:00, we will bring you the latest news about the Polkadot brand renewal project. This is an innovative design approach that gives the community a say in the future of the Polkadot brand. This decentralized brand project is the first of its kind, leveraging Polkadot's blockchain technology to promote social coordination and community engagement. Since January of this year, the project has been working intensively around the challenges and opportunities facing the Polkadot brand, and now the project has reached the next important milestone.

[DOT holders are voting on Polkadot’s new logo and brand]

After months of iteration, Parity Technologies, one of the developers of interoperability protocol Polkadot, launched a portal on Wednesday for DOT token holders to vote on the future of the blockchain's logo and brand assets. The brand overhaul was first launched in January, and design agency Koto was hired. According to the voting website launched today, the vote is the result of several months of "quality feedback" from users and developers. DOT token holders can choose between two design formats and two new logos for the web and social layouts. Voting is now open and will end on November 5.

Kusama vote No. 146 passed: The privacy-preserving parachain Calamari completed its first Runtime upgrade and ran smoothly.

The Kusama 146th vote initiated by the Calamari team has been successfully passed, and the first runtime upgrade of Calamari is running smoothly. In the next period of time, Calamari will start on-chain governance and enable KMA transfers.

[Polkadot Weekly Report | Polkadot is about to launch the Shell parachain]

• The Polkadot Council voted to pass Motion 121, which proposed to register the Shell parachain on Polkadot. The Shell parachain has extremely limited functionality. It does not even have the concept of an account. It only accepts messages from the relay chain stakeholder body to upgrade itself to something else.

• The staking rate on Polkadot has dropped to 56%.

• The Kusama network has started the auction of 24 consecutive slots, and the 12th slot auction has been opened at 17:33 pm on October 25, 2021. Currently in the candle period, Picasso has maintained a leading position throughout the auction candle period so far.

• Kusama’s 12th auction is expected to end around 18:10 on Monday, November 1st, when a random number will be used to determine the block where the auction ends, and then a new auction will begin.

• Manta pioneer network Calamari proposed Motion 385 to the Kusama Council, aiming to upgrade its chain to a new runtime, which has now been passed and executed.

3 Big Ecological News

[Polkado ecosystem cross-chain DEX protocol Zenlink launch process, mainly divided into four areas, namely code audit, parachain integration, DApp release, ZLK transfer]

On October 25, Zenlink, a cross-chain DEX protocol in the Polkadot ecosystem, released a launch process, which is mainly divided into four areas, namely code audit, parachain integration, DApp release, and ZLK transfer. According to the launch process, Zenlink will be integrated into the three Kusama parachains of Moonriver, Bifrost, and Shiden at the same time. In addition, Zenlink will issue the token ZLK through the Initial Yield Offering (IYO). The team said that IYO refers to the initial issuance of tokens by initiating revenue activities and starting token transfers and circulation when relevant goals are achieved.

[The CRS protocol standard DEX mainnet for synthetic assets is launched on Shiden Network]

Standard Protocol will launch the Standard Protocol DEX mainnet on Shiden Network at 9pm (GMT+8) on Wednesday, October 27th

[Decentralized protocol SushiSwap announced that Sushi has been deployed on Kusama parachain Moonriver]

On October 26, SushiSwap announced that Sushi has been deployed on Kusama's parachain Moonriver, and SUSHI and MOVR will be used to incentivize Kusama's liquidity in the upcoming liquidity mining program. Sushi has received 25,000 MOVR tokens and 2.5 million future GLMR tokens for the initial launch. These tokens will be used for liquidity mining and ecosystem grants for Moonriver and Moonbeam. The following are the trading pairs that will initially be incentivized on Moonriver: WETH/WBTC, WETH/BNB, WETH/USDT, USDC/USDT, WETH/MOVR, USDC/FRAX, MOVR/MIM.

[Etherscan, the Ethereum browser, integrates with Moonbeam, the Polkadot smart contract platform, to create Moonscan]

On October 26, Moonbeam, the smart contract platform of Polkadot Ecosystem, announced its integration with Etherscan, a block browser and analysis platform of EVM-compatible chains, to create Moonscan, an EVM-compatible block browser. Currently, users and developers can access developer tools and network statistics, providing detailed insights into the EVM of Moonriver and Moonbeam.

[Web3 blockchain infrastructure platform Ankr improves high-performance public chain FantomStarter multi-chain infrastructure]

At FantomStarter, we strive to build a safer, more practical, and more prosperous decentralized investment application for projects looking to raise funds and for users to make early investments on any chain. Partnering with multi-chain protocol Ankr will further realize our vision of becoming the premier multi-chain launchpad on Fantom Opera.

[Zenlink SlotVault, the underlying cross-chain DEX protocol based on Polkadot, has officially connected to Bit.Country, the first metaverse project in the Polkadot ecosystem, and provided up to 40,000 ZLK to support its parachain crowd lending]

We are pleased to announce that Zenlink SlotVault has been connected to Bit.Country Pioneer to support its auction of Kusama parachain slots. Now, users can visit https://slotvault.zenlink.pro/ to vote for its crowdloans and win additional ZLK rewards (Note: the total amount of ZLK is 100 million).

[Equilibrium has launched Curve.Fi AMM, and Epsilon will run on Equilibrium's Kusama-based canary network Genshiro, which will be integrated with Polkadot later. 】

Equilibrium has launched the Curve.Fi AMM. Epsilon will run on Equilibrium’s Kusama-based canary network Genshiro and will later be integrated with Polkadot. Its development is funded by the Web3 Foundation. Bringing Curve to Kusama and Polkadot is an important technical effort that effectively makes interoperability practical.

[New storage method Arweave provides strategic investment to Mask Network, a portal that helps users seamlessly transition from web2.0 to web3.0]

Mask Network announced that it has received strategic investment from Arweave. The two parties will continue to work together to lay a more solid foundation for future strategic construction in the field of decentralized storage. This round of investment also coincides with MaskDAO's previous attempt to strengthen its connection with various excellent projects through strategic token swaps, which will make the connection between Mask Network and Arweave more diverse.

[Parallel, which is committed to bringing more liquidity to the Polkadot and Kusama ecosystems, has established a partnership with Astar, a smart contract platform based on Polkadot, for the recent Polkadot parachain auction. Users who contribute through Auction loans can receive up to 36% additional rewards]

Parallel announced a partnership with Astar for the upcoming Polkadot parachain auction. Users can contribute to Astar’s auction crowdfunding by taking out loans through the Parallel platform.

[The cross-chain Staking DAO creation platform Nutbox Walnut has been officially deployed to Shiden Network and voting has started. In the future, the Polkadot ecosystem community can create a cross-chain asset staking platform through Nutbox Walnut]

Nutbox Walnut has been officially deployed to the Polkadot DApp platform Astar Shiden Network, and has been included in the DApp staking whitelist and participated in DApp Staking. In the future, the Polkadot ecosystem community can create a cross-chain asset staking platform through Nutbox Walnut. When users participate in staking on the Kusama/Polkadot network, the Nutbox cross-chain bridge will capture various events of users on Kusama/Pokadot and synchronize the user's voting information to the Nutbox Walnut contract. After receiving the user's voting information, the contract will hand it over to the corresponding staking module for processing. Finally, the user's staking amount in the corresponding staking pool is updated, which fully ensures the user's asset security.

Astar, the dApp hub on Polkadot, welcomes startup Commonwealth Labs and Webb Technologies, which is building the Webb Protocol, as core companies behind the protocol

We are very excited to announce that Commonwealth Labs and Webb Technologies have joined Astar Network as the core development companies behind the protocol. For the past 2.5 years, Astar Network has been led by Stake Technologies. From now on, these companies will lead the ecosystem and technology development to build the leading multi-chain smart contract hub on Polkadot.

[Manta Network, Polkadot’s first on-chain privacy protection protocol, confirms that it will participate in Polkadot’s first batch of parachain auctions]

On October 30, Manta Network, Polkadot's first on-chain privacy protection protocol, officially confirmed that it will participate in Polkadot's first batch of parachain auctions, and more details will be announced soon. It is reported that Polkadot's parachain auction schedule is as follows: the first batch of auctions will start on November 11, with a total of five auctions (auctions 1-5), each for 7 days, and lease 6 will start on December 17; the second batch of auctions will start on December 23, with a total of five auctions (auctions 6-10), each for 7 days; auction 11 will start on March 3, 2022, and lease 7 will start on March 9.

[Polkado's multi-network NFT ecosystem UniArts Network's NFT gallery "The Impossible Art Formula" is conducting its first round of auctions]

The Impossible Art Formula, an NFT gallery under UniArts Network, a multi-network NFT ecosystem in the Polkadot ecosystem, has completed the first round of NFT fair value discovery. For the participating NFT works, the smart contracts have minted different amounts of underlying FT assets based on their public recognition. These works are currently undergoing the first round of auctions.

[Zenlink, the underlying cross-chain DEX protocol based on Polkadot, will be launched on Moonriver soon. Participate in the Yield Season to earn 2,600,000 ZLK]

Zenlink has just released the launch process and IYO (Initial Yield Offering) introduction recently. Today, it brought another exciting news. Zenlink will be officially launched on Moonriver on November 3, 2021, becoming the first Polkadot native cross-chain DEX on Moonriver. Along with the launch of IYO, a Yield Season will also be launched simultaneously, and 2,600,000 ZLK (the total amount of ZLK is 100 million) will be distributed during the event period.

SubQuery, the most advanced data indexing solution in Polkadot, integrates EVM functions of Moonbeam and Moonriver networks

SubQuery, the most advanced data indexing solution in Polkadot, is pleased to announce that its service will support the Ethereum Virtual Machine (EVM) beta from Moonbeam and Moonriver. This allows Polkadot and Ethereum developers to seamlessly integrate Substrate and EVM data into one place and query this single data source using GraphQL. With the innovation of SubQuery, in addition to the Substrate data source, there is now a tool to query and filter EVM logs and transactions. SubQuery introduces more advanced filters than other indexers, allowing filtering of non-contract transactions, transaction senders, contracts, and index log parameters, so developers can build a variety of projects that meet their specific data needs.

[Polkado smart contract platform Moonbeam announced integration with decentralized smart contract platform Etherscan]

Moonbeam, the EVM-compatible Polkadot smart contract platform, announced its integration with Etherscan, a decentralized smart contract platform. Etherscan is a block browser and analysis platform for EVM-compatible chains. This integration will bring Moonriver and Moonbeam the industry's most widely used EVM-compatible block browser. Etherscan's browsers on Moonbase Alpha, Moonriver, and Moonbeam are collectively called Moonscan, which will bring Etherscan's comprehensive feature set and better reliability.

[Web3 blockchain infrastructure platform Ankr launches a new protocol, Ankr Protocol, and opens a $10 million funding plan]

Ankr's new blockchain protocol, Ankr Protocol, is launched, including Ankr public RPC service, real-time blockchain browsing and analysis, staking solutions and developer tools, and currently supports Ethereum, Avalanche, Solana, FTM and Polygon. All services of Ankr Protocol rely on its decentralized global nodes. This move has enabled Ankr to successfully build a self-sustaining and mutually beneficial crypto-economic closed loop, where providers own nodes, stakeholders bring funds, and developers can instantly access blockchain data for blockchain projects.

[Polkadex, a decentralized trading platform for the Polkadot ecosystem, launches Beta testing]

On October 29, Polkadot's decentralized trading platform Polkadex launched the Beta test and invited developers, CEX traders, DeFi users, etc. to participate in the test. Testers will receive rewards from Polkadex. This test will test three components: PolkaIDO, Polkadex order book, and Polkapool. After the PolkaIDO test is completed, the main network will be released in the fourth quarter.

4Eco-investment and financing

[Polkado Ecosystem NFT Public Chain Unique Network Raises $11.3 Million, Led by Outlier Ventures]

According to Block Leaders on October 26, Unique Network, the NFT public chain of the Polkadot ecosystem, announced today that it has raised $11.3 million, bringing the total amount of financing to $16 million. This round of investment was led by Outlier Ventures, with participation from The LAO, Flamingo, Nalu Capital and more than 200 other investors (including existing investors). The new financing will be used to prepare for the upcoming Kusama NFT chain Quartz. Quartz will support NFT functions on the Kusama network, allowing anyone to build an NFT market and experience interoperability between different blockchains, such as Ethereum and EVM-based chains and other well-known NFT blockchains. It is reported that Unique Network is the first NFT chain built on the Polkadot and Kusama networks, providing a wide range of technical solutions for NFT application development needs, while taking into account flexibility and low costs. Unique has received 5 Web3 Grants, won 2 Hackusama awards, and created the first NFT collection on Substrate - Substrapunks. At the same time, Unique is also the main developer of Kusama Chiba Gallery and a core member of Kusama NFT strategy team. It is revealed that Unique will soon participate in the third batch of Kusama card slot auctions.

5Ecological Cooperation

[Web3 blockchain infrastructure platform Ankr and blockchain distribution network bloXroute cooperate to improve blockchain scalability, front-end protection and DeFi infrastructure]

Ankr, a leading Web3 infrastructure provider, announced a partnership with Blockchain Distribution Network (BDN) company bloXroute Labs on October 26 to improve its infrastructure performance and create new Web3 and DeFi solutions for the entire blockchain ecosystem. The partnership addresses the challenges and opportunities associated with Ankr's rapid growth, which currently processes more than 500 million calls to the blockchain per day and more than 1 billion transactions per month. This is an exciting sign for the industry, and it also puts a lot of pressure on the security and scalability of blockchain network infrastructure. In order to reduce risk and create a P2P network that is fast and powerful enough to handle the growing capacity, Ankr decided to partner with bloXroute Labs.

[Zenlink, a cross-chain DEX protocol based on Polkadot, and AnySwap, a decentralized cross-chain protocol, have reached a strategic cooperation]

We are pleased to announce that Zenlink has established a partnership with AnySwap. Zenlink will integrate AnySwap's cross-chain bridge to provide users with more efficient and convenient cross-chain asset services. This cooperation has improved Zenlink's accessibility and cross-chain interoperability, while also helping to expand Zenlink's user reach and accelerate Zenlink's ecological evolution and development. In the future, Zenlink will continue to work closely with the AnySwap team to jointly create a more inclusive decentralized ecosystem.

[Blockchain technology company RioDeFi cooperates with Finland's space-themed blockchain game Celestial to break the boundaries of GameFi NFT]

Excited to announce a partnership with Celestial, a space-themed blockchain game from Finland. The GameFi space is heating up. Over the past eight months, many NFT gaming initiatives have been shaking up the blockchain industry. The “play to earn” business model initiated by Axie Infinity has reignited long-held confidence in blockchain’s ability to disrupt the gaming industry. As we all know, RioDeFi is a big supporter of the GameFi industry. Celestial will have a cross-chain in the future, and we will support them.

[Polkadot ecosystem basic protocol Bifrost (Rainbow Bridge) and the first metaverse project in the Polkadot ecosystem Bit.Country have officially reached a strategic cooperation to explore the cross-chain integration of the metaverse and DeFi]

On October 27, Bifrost (Rainbow Bridge), the basic protocol of the Polkadot ecosystem, reached a strategic cooperation with the Polkadot Metaverse project Bit.Country Metaverse Network (Little Metaverse World). By creating a quick vote for Bit.Country Pioneer SALP to support the third batch of its Liquidity Crowdloan auction on Kusama. By using the SALP protocol, users will be able to join Derivatives Farming with vsKSM and receive Bifrost's native token $BNC as an additional reward. This will be a reward in addition to the $NEER reward that users receive in the Bit.Country Pioneer Crowdloan reward. Once Bit.Country Pioneer wins the auction, vsKSM will be able to easily trade between KSM and other assets.

[Parallel, a decentralized loan protocol, and Litentry, a decentralized cross-chain identity protocol, have reached a cooperation agreement. Contributing to litentry crowdloan through Auction loan can get up to 10% additional reward]

Parallel and Litentry have reached a cooperation on the Polkadot parachain Auction. Contributing to litentry crowdloan through Auction loan can get up to 10% additional rewards! In addition, every DOT contribution will receive additional PARA rewards and release the liquidity of staked DOT.

[Polkado DAO infrastructure SubDAO and Metaverse project Bit.Country reach strategic cooperation]

We are pleased to announce that Polkadot DAO infrastructure SubDAO has reached a strategic cooperation with Polkadot Metaverse project Bit.Country. The two parties will carry out strategic cooperation in the field of DAO and Metaverse. SubDAO will support Bit.Country's DAO management function, and users can choose a series of SubDAO tools for Metaverse governance. For example, multiple users can auction a piece of land and manage the land and other assets in a decentralized manner in the form of DAOs such as proposals and voting. Bit.Country will provide an entry for the Metaverse management of SubDAO DAO organizations and provide discounts on land purchases.

[Multi-chain CommunityFi platform Nutbox Walnut and community token building platform Mint Club establish a strategic partnership to connect community tokens with staking-based community platforms]

We are pleased to announce that Nutbox Walnut and Mint Club have reached a strategic partnership to integrate the technology, platform and community advantages of both parties to provide more diverse services to the community and its members, combine more different and more innovative experiences, and provide a series of powerful tools for community token creators or holders.

[Polkado DAO infrastructure SubDAO and distributed storage project Crust have reached a strategic cooperation, and the test network airdrop activity is now open]

Polkadot infrastructure SubDAO has reached a strategic cooperation with Crust. Coinciding with the launch of the SubDAO testnet, in order to strengthen active exchanges among the community, SubDAO customized airdrop activities for partners and created an exclusive bonus pool of 10,000 GOV.

[Polkadot Metaverse project Bit.County reaches strategic cooperation with Polkadot privacy computing parallel chain Phala Network to explore cross-chain integration of Metaverse and Web3.0 cloud computing]

On October 28, the Polkadot Metaverse project Bit.Country & Metaverse Network announced a new strategic partnership with Phala Network, a Polkadot privacy computing parachain. Bit.Country believes that Phala's powerful Web3.0 computing power will help maintain and protect the decentralization of the Bit.Country platform, and bring it a user-friendly and immersive Metaverse experience, and will provide Game Server and derivative services for a truly decentralized Metaverse. Based on Polkadot's interoperability, the Metaverse will become the best practice of xcm. In the future, Phala will not only build the Phala World continent on Bit.County, but will also work with Ray's innovative team to build a game model that goes beyond the existing Metaverse.

6Events

[The hackathon of the NFT ecosystem RMRK is underway, 50,000 US dollars and many NFT rewards are waiting for you, the registration deadline is November 30]

Now RMRK's hackathon is in full swing, and perhaps such a miracle will be born in the competition. The RMRK hackathon has a total of 50,000 US dollars and many NFT rewards, and the registration deadline is November 30.

For more information, please see:

https://rmrk.devpost.com/

*The information provided by the Polkadot Ecological Research Institute does not represent any investment suggestion. The articles published only represent personal opinions and are for reference only. Given that China has not yet issued relevant policies and regulations on digital assets, mainland Chinese users are advised to pay careful attention to the development of Crypto.