Blockchain
Polkadot Introduces Substrate Marketplace: A One-Stop Resource for Substrate Pallets
Zug, Switzerland–(Newsfile Corp. – July 1, 2022) – Polkadot, the network protocol building true multi-chain application, is happy to announce that the Substrate Developer Hub has just received a major update aimed at improving the Substrate learning and building experience.
Figure 1
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In addition to a completely revamped documentation experience, Polkadot also launched Substrate Marketplace, a one-stop resource for discovering the full range of Substrate pallets available for your next project. Pallets are the building blocks of Substrate’s next-generation blockchains, powerful modules and support libraries that you can use, modify, and extend to build the runtime logic to suit the needs of your blockchain.
The launch of Substrate Marketplace makes it easier than ever for developers to browse available pallets while planning their Polkadot, Kusama, or solochain project. In addition to open-source pallets natively included with FRAME, developers are now also able to browse those developed by the community and offered back to the community under various open-source licenses.
Substrate Marketplace works by sourcing pallets pushed to crates.io and runtimes from teams’ github repositories via GraphQL API. While developers can view pallets published by Parity and the community on crates.io, Substrate Marketplace provides a more tailored experience for Substrate developers building their own chain. In addition, several exciting updates are planned for Substrate Marketplace that will provide even more value-added features in the future.
For ease of browsing, Substrate Marketplace is divided into three primary sections:
1. Runtimes: discover the power of composability
There, you will be able to see examples of the business logic enabled from combining capabilities of multiple pallets. This comprehensive section contains listings of over 100 complete runtimes, including those of popular parachain projects, making it more than likely that a solution to match your needs already exists. Browse by category to find the scaffolding for your next project and see examples of how pallets are combined to create custom blockchains designed for specific purposes.
2. Pallets: pick the right components for the job
Browse through nearly 100 open source, extensible modules designed to help you leverage pre-built components for common blockchain capabilities and speed up your development process. Pallet listings are easily browsable by category and contain all existing native-FRAME pallets in addition to a wide range of pallets contributed by the community. Individual listings contain comprehensive information on licensing, Github Insights, and dependencies.
3. Projects: get inspired by others
This handy section is sure to inspire with comprehensive listings of over 120 active projects across the Substrate and Dotsama ecosystems. From DeFi to file storage, and gaming to smart contracts, the list of projects to inspire you in your own endeavors is growing day by day. Browse by category and gain access to top-level info on branches and project pages with ease.
As the range of projects and pallets associated with Substrate continues to grow, Substrate Marketplace is set to assume a crucial role in navigating the set of options available to developers of all experience levels. In addition to functioning as a valuable resource in its own right, it also shows the burgeoning power of the Polkadot community. Parity envisions that a large community of innovators, developers, startups will continue to contribute and expand the library of available modules with a growing number of both open-source and commercial pallets. Substrate Marketplace, in turn, provides a place for these teams to gain visibility on their work.
Start browsing today and discover the full range of pallets available for Substrate developers.
If your team has a pallet or runtime you’d like to feature on Substrate Marketplace and you need support, get in touch!
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About Polkadot
Polkadot provides the technical advances necessary to make blockchain technology practical, accessible, scalable, interoperable, and future-proof, removing limitations and barriers to entry, and thereby fueling innovation, growing the decentralized technology space, and bringing the Web3 vision to life.
About Web3 Foundation
Web3 Foundation funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation’s flagship project. For more information, visit web3.foundation.
Media Contacts:
Ursula O’Kuinghttons, Director of Communications and Partnerships
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129722
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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