Polychain, Web3 to Back Polkadot Projects With New Ecosystem Fund
"The investment committee is looking for projects that will add long-term value to the Polkadot ecosystem."
Polkadot is now live, following the launch of its first “chain candidate” (CC1).
A virtual conference is being organized by a bevy of base-layer protocols – the Web3 Foundation, Near, Cosmos, Tezos, Protocol Labs and Polkadot.
It's only a proof-of-concept at this point, but there's now a model for locking BTC on the Bitcoin blockchain and minting PolkaBTC on Polkadot.
Web3 has awarded grants to more than 100 projects building on Polkadot.
The Web3 Foundation is studying how to adopt blockchain startup Kadena’s smart contract programming language for the Polkadot ecosystem.