1. Observations and Perspectives
The recent slot auction winners for Polkadot’s 71st and 72nd auctions have been announced. Crowdloan3375, who won the 71st auction, has revealed themselves as Crust Network and will continue to support all parallel chain data storage needs to boost the Polkadot ecosystem. “Tillery has crabs” emerged victorious in the 72nd slot auction.
Exciting news has arrived from the Polkadot ecosystem! The community has unanimously approved the JAM (Join-Accumulate Machine) protocol through OpenGov, marking a significant step forward in blockchain architecture. The community’s unanimous support highlights a willingness to accept decentralized innovation while maintaining strict standards.
JAM is an evolutionary, minimalist blockchain protocol designed to enhance data management and interoperability within the network. It provides a flexible and efficient framework for managing data and computations, eliminating the need for centralized Rollup solutions and offering unprecedented scalability for any application. For more information on JAM, refer to its gray paper at https://graypaper.com/.
To support the development of JAM, the Web3 Foundation has officially announced the launch of the JAM Implementer Award, aimed at diversifying JAM implementations and strengthening the Polkadot ecosystem. The award pool amounts to a staggering 10 million DOT.
The JAM Implementer Award encourages multiple client implementations to enhance network resilience. The Web3 Foundation is seeking development support for JAM in various programming languages, including OCaml, Go, and Zig. However, participating teams must meet specific milestones, such as block importing and generation, achieving Kusama and Polkadot-level performance, and passing security audits.
Teams interested in applying for the JAM Implementer Award can do so at https://jam.web3.foundation/. Community member gbaci has initiated a discussion on Polkadot marketing, highlighting the emphasis on marketing and its potential impact on the ecosystem. gbaci believes that the focus should be on ensuring easy access for developers and users to enter the Polkadot ecosystem, prioritizing a seamless user experience over complex systems.
Furthermore, before the upcoming JAM rescues Polkadot from its design flaws hindering development, marketing expenses should be concentrated on promoting blockchains that users can currently utilize. This entails providing liquidity and enhancing incentives for these parallel chains. In conclusion, the Polkadot community should concentrate on ensuring the best user experience, while OpenGov should actively support active parallel chains and applications. Leveraging the success of a parallel chain or application to indirectly promote Polkadot could be beneficial.
For those with alternative ideas on Polkadot marketing, feel free to join the discussion at https://twitter.com/gbaciX/status/1800923112810156400.
2. Polkadot Updates
Key events in the Polkadot ecosystem, as reported by PolkaWorld’s latest weekly report, include:
1. The application deadline for the Web3 Foundation’s “Decentralized Future Program” is approaching at the end of June. The foundation launched the program last year, offering $20 million in funding to support projects and teams dedicated to advancing the Polkadot ecosystem. For more information, visit https://futures.web3.foundation/.
2. Polkadot hosted Snowbridge’s X Space this week, a trustless bridge between Polkadot and Ethereum. To learn more about its importance, operation, future plans, and features, visit https://x.com/i/spaces/1djGXNlMBOexZ.
3. The Polkadot Alpha program managed by Parity has received professional support from BlockDeep Labs, which is also funded by the Web3 Foundation’s Decentralized Future Program. Details can be found at https://www.parity.io/blog/alpha-program-blockdeep-collab.
4. Polkadot’s official Twitter account conducted a community poll on the frequency of OpenGov participation, with nearly 16% of respondents voting over 100 times. This engagement is expected to increase in the future.
5. The exclusive interview video of Gavin, part of the “Behind the Code: Web3 Thinkers” series, has been released. Gavin discusses topics such as crypto regulation, artificial intelligence, decentralization, and the broader mission of Web3. Watch the interview at https://x.com/polkaworld_org/status/1801179294795993285.
6. Bill, the Web3 Foundation’s technical education lead, announced the completion of the second phase of the decentralized voice program for Polkadot. Kusama’s phase will commence shortly.
7. Polkadot 1.13.0 has been released. Details are available at https://github.com/paritytech/polkadot-sdk/releases/tag/polkadot-v1.13.0.
8. The Polkadot community approved Proposal #762 through a vote, collaborating with esports organization HEROIC to sponsor and introduce Polkadot into the esports world. HEROIC is an esports organization with professional teams participating in major global esports events. The partnership will incorporate the Polkadot brand into Heroic’s jersey design and live coverage. It aims to provide the esports community with exciting experiences through fan activations, community engagement activities, exclusive prizes, and giveaways. More information can be found at https://x.com/Polkadot/status/1800245619807916088.
9. Runtime 1.2.5 includes a significant transaction encoding change (including the CheckMetadataHash extension). Wallets and applications need to be upgraded accordingly. Details are available at https://github.com/polkadot-fellows/runtimes/releases/tag/v1.2.5.
10. EduChain, a parallel chain for educational purposes supported by the Web3 Foundation, has made progress. The chain has produced 150 on-demand blocks and conducted exciting functional tests, such as on-chain upgrades, establishing HRMP channels with Asset Center, and registering Educhain’s native token as an external asset. Learn more at https://x.com/DrW3RK/status/1799420827005235608.
Polkadot Treasury Updates:
– Polkadot Proposal #832 is currently under voting, proposing to provide funding for the Technical Fellowship sub-treasury from the “main” treasury. The proposal suggests sending 2 million DOT to an account controlled by the Core Fellowship sub-treasury. Details can be found at https://polkadot.polkassembly.io/referenda/832.
– Polkadot Proposal #841 is set to pass soon, suggesting an upgrade to Polkadot relay chain and system parallel chains to version 1.2.5. For more information, visit https://polkadot.polkassembly.io/referenda/841.
Kusama Treasury Updates:
– Kusama Proposal #405 has passed and been executed, proposing an increase in max_validators to 400 and max_validators_per_core to 4. Details can be found at https://kusama.polkassembly.io/referenda/405.
– Kusama Proposal #406 has passed and been executed, upgrading Kusama relay chain and system parallel chains to runtime v1.2.5. Details can be found at https://kusama.polkassembly.io/referenda/406.
3. Ecosystem HighlightsAstar Network has launched a new Astar native Ledger application, supporting dApp Staking v3. For more details, please visit: https://x.com/AstarNetwork/status/1800596962468925527
Acala announces integration with the multi-signature account management tool Mimir to further enhance the DeFi ecosystem on Polkadot.
Bifrost has introduced the vToken Channel Commission Incentive Plan, where partners can apply to join the program through Bifrost OpenGov, become collaboration channels, and earn rewards. For more information, please visit: https://x.com/Bifrost/status/1801206086508462386
Darwinia Network’s RING token is now live on the Hydration Omnipool.
Manta Network will launch a $50 million ecosystem fund through the Manta Foundation to accelerate project development on its chain, with applications now open. For more details, please visit: https://x.com/MantaNetwork/status/1801239018430234854
Mandala Chain is set to launch a fundraising campaign on the Polimec platform, aiming to introduce the next 100 million users by connecting retail, government, and enterprises. For more information, please visit: https://x.com/PolimecProtocol/status/1801600572606582926
Moonbeam Network has unveiled a $13 million incentive program to foster ecosystem growth in tokenizing gaming and real-world assets. For more details, please visit: https://x.com/MoonbeamNetwork/status/1800921286727922057
Nova Wallet has released version 7.13.0, supporting v15Metadata and the latest runtime upgrades for Kusama, along with significant performance improvements. Nova Wallet now supports the decentralized data cloud protocol Cere Network. For more information, please visit: https://x.com/NovaWalletApp/status/1801285060072554632
OriginTrail has been selected for the European Union Blockchain Sandbox Program’s second batch of projects, partnering with regulatory agencies to drive the development of verifiable internet and AI in the European region.
Phala Network announces the integration of its AI agents with Telegram and Farcaster, allowing users to create and own Web3 AI on the Phala app and earn rewards.
SubQuery Network has launched the first decentralized RPC for Polkadot and Kusama, providing decentralized infrastructure support for Substrate networks.
Filippo Franchini from the Web3 Foundation announces the launch of a new page on the Polkadot Wiki, integrating and updating information on violations and penalties, reviewed by Parity’s Maciej. For more details, please visit: https://x.com/filippoweb3/status/1800810913051922444
The Polkadot community will officially allocate 3 million DOT to enhance the DeFi ecosystem, with 2 million DOT for liquidity mining incentives for Hydration and non-custodial liquidity in Omnipool, and 1 million DOT for enhancing market depth in StellaSwap. For more information, please visit: https://x.com/Polkadot/status/1800969322048733516
Pendulum, a blockchain bridging traditional assets and DeFi, has integrated with the multi-signature account management tool Mimir. For more information, please visit: https://x.com/pendulum_chain/status/1801120259719545324
The Hydration Liquidity Incentive Program, officially supported by Polkadot, has been launched, distributing 1 million DOT as incentives to liquidity providers, with a maximum APR of 260%. For more details, please visit: https://x.com/hydration_net/status/1800201412724367561
The original Polkadot cross-chain exchange protocol, Mangata, has rebranded as Gasp, introducing as a cross-rollup protocol, planning to airdrop GASP tokens to previous MGX holders. For more information, please visit: https://x.com/Gasp_xyz/status/1801579197065728245
Ecological Financing:
Ava Protocol (formerly OAK Network) announces the completion of a $10 million seed round of financing, with investors including Electric Capital, Taisu Ventures, Bloccelerate VC, planning to develop the Eigenlayer AVS for private autonomous transactions on Ethereum. For more details, please visit: https://x.com/ava_protocol/status/1800629309838971171
Ecological Cooperation:
Integritee Network partners with Immunefi to launch a bug bounty program, encouraging developers and hackers to participate in platform security enhancement, offering a maximum reward of $10,000.
Phala Network announces a partnership with Pond, where Phala’s decentralized AI Agent contract platform will use Pond’s graph neural network model to predict on-chain behavior and enhance trading strategies.
Phyken Network announces a partnership with the groundbreaking public permissioned blockchain E Money Network.
Particle Network, a modular Layer1 blockchain, partners with peaq to introduce its abstract wallet solution into peaq.
The decentralized AI agent payment protocol Nevermined and the self-sovereign AI agent economy platform Olas have joined the peaq ecosystem, collaborating to promote the application of Web3 AI agent technology in DePIN.
Upcoming Events:
The next Polkadot Blockchain Academy will take place in Singapore from May 20 to June 20, with applications now open. For more details, please visit: https://polkadot.network/development/blockchain-academy/?utm_source=wiki.polkadot.network&utm_medium=referral&utm_campaign=pba
Polkadot Decoded2024 event will be held in Brussels, Belgium on July 11-12, with applications and reservations now open. For more information, please visit: https://twitter.com/PolkadotDecoded/status/1777335656005447942
The 2024 Web3 Summit will return to Berlin, Germany from August 19-21, with speeches and workshops now open for application. For more information, please visit: https://twitter.com/Web3summit/status/1763162673540161783
The official Polkadot and Mandala Chain
