Here’s a recap of the top stories that made headlines in this week’s digest.
Blockchain company Hyperbridge has bagged $2.5 million in seed funding from the Web3 Foundation and Scytale Digital to ramp up its use of Polkadot’s architecture for decentralized applications and scalability.
The company also won a parachain slot on Polkadot, raising an additional $2.7 million through a crowd loan, which became the network’s most successful campaign of its type.
Hyperbridge develops cross-chain interoperability through a hub model, incorporating zero-knowledge technology for secure cross-chain messaging and storage.
The Tie, a market data and digital assets analytics provider, has launched a Polkadot Ecosystem Dashboard for institutional clients.
The new dashboard provides a suite of analytics on Polkadot-based assets, allowing users to monitor network performance and explore projects within the ecosystem. The platform helps investors and traders make informed decisions by providing a holistic view of the Polkadot network’s dynamics.
Blockchain analytics platform Dune has expanded its data coverage to include over 50 parachains in the Polkadot ecosystem.
The integration offers real-time insights into all onchain activities, enabling users to analyze transactions, decentralized finance (DeFi) activity, gaming developments, and NFTs. Dune’s expanded coverage includes major parachains such as Moonbeam, Acala, Phala, and Mythos.
Crypto hardware startup Kampela has become the first company to secure full funding through a Decentralized Autonomous Organization (DAO) on the Polkadot network.
The funding supports Kampela’s hardware wallet, which uses NFC technology and does not require wired charging or a battery.
Web3 education app EasyA has surpassed one million downloads on iOS and Android, with over 100,000 developers learning about Polkadot through the platform.
Founded in 2020 by Phil and Dom Kwok, EasyA has quickly become a key resource for both new and experienced developers, helping to drive increased activity on the Polkadot network.
Source: Cryptocurrency - investing.com
