3 NEW projects NO ONE KNOWS about from the Polkadot ecosystem
Interested in learning about the LATEST innovations in the POLKADOT ecosystem?
In this MEGA THREAD I present to you 3 NEW projects that are REVOLUTIONIZING the POLKADOT ecosystem and that have to be on your watchlist
Interested in learning about the LATEST innovations in the POLKADOT ecosystem?
In this MEGA THREAD I present to you 3 NEW projects that are REVOLUTIONIZING the POLKADOT ecosystem and that have to be on your watchlist
In this thread I will explain:
What is each project
3 use cases in each project
How each project works
Investors supporting the project
What is each project
3 use cases in each project
How each project works
Investors supporting the project
1. T3RN
What is t3rn?
t3rn creates frictionless multichain smart contract execution, that's accountable, scalable, and completely trust-free for investors, users, and developers.
Official Twitter: @t3rn_io
What is t3rn?
t3rn creates frictionless multichain smart contract execution, that's accountable, scalable, and completely trust-free for investors, users, and developers.
Official Twitter: @t3rn_io
3 Use Cases
1.- Limitless Defi
Makes multichain DeFi not only possible, but highly secure too.
2.- On-chain Smart Contract Repository
Anyone can use the smart contracts stored in their open-source registry or get paid whenever a smart contract you upload is used.
1.- Limitless Defi
Makes multichain DeFi not only possible, but highly secure too.
2.- On-chain Smart Contract Repository
Anyone can use the smart contracts stored in their open-source registry or get paid whenever a smart contract you upload is used.
3.- Setting cross-chain standards (XBI)
The Web3 Foundation commissioned t3rn to build XBI, an easy-to-use standard for cross-chain messaging.
The Web3 Foundation commissioned t3rn to build XBI, an easy-to-use standard for cross-chain messaging.
How It Works
T3rn’s ultimate goal is to enable trust-free collaboration between blockchains and to create an ecosystem in which anyone can utilize and deploy an interoperable smart contract, in an ecosystem where developers are fairly rewarded for their contributions.
T3rn’s ultimate goal is to enable trust-free collaboration between blockchains and to create an ecosystem in which anyone can utilize and deploy an interoperable smart contract, in an ecosystem where developers are fairly rewarded for their contributions.
Investors
t3rn raised $6.5m in a strategic funding round led by Polychain Capital, the world’s premier digital asset investment fund, with participation from Blockchange, Lemniscap, Huobi and an array of industry-leading angel investors, many of which are prominent founders.
t3rn raised $6.5m in a strategic funding round led by Polychain Capital, the world’s premier digital asset investment fund, with participation from Blockchange, Lemniscap, Huobi and an array of industry-leading angel investors, many of which are prominent founders.
2. Oak Network
What is OAK Network?
OAK Network is an automation layer-2 blockchain for Defi and recurring payments. Web3 hub for DeFi and payment automation through an easy to use event driven transaction model built on Polkadot.
Official Twitter: @oak_network
What is OAK Network?
OAK Network is an automation layer-2 blockchain for Defi and recurring payments. Web3 hub for DeFi and payment automation through an easy to use event driven transaction model built on Polkadot.
Official Twitter: @oak_network
3 Use Cases
1.- Time-based event triggering
Execute commands by creating repeating time triggers. This simple infrastructure capability unlocks many Layer 2 use cases like: Payment service, Subscription service, Payroll Services
1.- Time-based event triggering
Execute commands by creating repeating time triggers. This simple infrastructure capability unlocks many Layer 2 use cases like: Payment service, Subscription service, Payroll Services
2.- Event triggering based on price and TVL
Once the recurring time trigger is set, a trigger based on price and TVL changes will be constructed. An important use case for this is the advanced order type on AMM DEX.
Once the recurring time trigger is set, a trigger based on price and TVL changes will be constructed. An important use case for this is the advanced order type on AMM DEX.
Users can create any type of order, including limit, stop, and iceberg orders, simply by integrating their favorite DEX with the OAK product chain.
3.- Cross-chain events trigger OAK
OAK can not only perform automated transactions on the OAK network, but also automatically perform transactions on any connected blockchain without tokens or private keys
OAK can not only perform automated transactions on the OAK network, but also automatically perform transactions on any connected blockchain without tokens or private keys
How it Works
You will be able to create payment flows and configure a single or recurring future task. Place decentralized limit and stop-loss orders without smart contracts as an intermediary or private key delegation. Programmable triggers via smart contracts and custom logic.
You will be able to create payment flows and configure a single or recurring future task. Place decentralized limit and stop-loss orders without smart contracts as an intermediary or private key delegation. Programmable triggers via smart contracts and custom logic.
Investors
OAK Network closed a $5.5M Seed round led by Foundation Capital, Greylock, and Hypersphere Ventures. Other notable participants in the funding round include Electric Capital, Monday Capital, GSR, Shima Capital, Blockwall Digital, and angel investors.
OAK Network closed a $5.5M Seed round led by Foundation Capital, Greylock, and Hypersphere Ventures. Other notable participants in the funding round include Electric Capital, Monday Capital, GSR, Shima Capital, Blockwall Digital, and angel investors.
3. Gear
The most advanced WASM smart contract platform in the #Polkadot and #Kusama ecosystem that enables developers to deploy decentralized applications in the easiest and most efficient ways possible.
Official Twitter: @gear_techs
The most advanced WASM smart contract platform in the #Polkadot and #Kusama ecosystem that enables developers to deploy decentralized applications in the easiest and most efficient ways possible.
Official Twitter: @gear_techs
3 Use Cases
1.- #gFT token contract - (Gear Fungible Tokens)
Similar to ERC20 tokens, #gFT is the standard for issuing smart contracts on Gear to create tokenized assets that represent anything that is fungible!
1.- #gFT token contract - (Gear Fungible Tokens)
Similar to ERC20 tokens, #gFT is the standard for issuing smart contracts on Gear to create tokenized assets that represent anything that is fungible!
2.- NFTs MarketPlace
#NFT marketplace is a contract where you can buy and sell non-fungible tokens. The contract also supports holding the #NFTauctions and making purchase offers.
#NFT marketplace is a contract where you can buy and sell non-fungible tokens. The contract also supports holding the #NFTauctions and making purchase offers.
3.- #DAOs
Create your decentralized autonomous organization and provide people with ways to collaborate beyond traditional methods. There's no longer a need for centralized control.
Create your decentralized autonomous organization and provide people with ways to collaborate beyond traditional methods. There's no longer a need for centralized control.
How It Works
The Gear Protocol uses a Substrate framework. This simplifies the creation of different blockchains for specific applications.
As a Polkadot/Kusama parachain network, Gear Protocol-powered networks are intended for hosting Layer-2 smart contracts.
The Gear Protocol uses a Substrate framework. This simplifies the creation of different blockchains for specific applications.
As a Polkadot/Kusama parachain network, Gear Protocol-powered networks are intended for hosting Layer-2 smart contracts.
This enables anyone to deploy any dApp on #Polkadot and #Kusama to take advantage of all the benefits of their ecosystems, yet at the minimal financial expense.
Investors
Gear raised $12 million in a private investment round led by Blockchange Ventures. In addition to Blockchange, other top venture capital funds participated in this round, including, Lemniscap, Distributed Global, LAO, Mechanism Capital, Bitscale, Spartan Group LLC, 👇
Gear raised $12 million in a private investment round led by Blockchange Ventures. In addition to Blockchange, other top venture capital funds participated in this round, including, Lemniscap, Distributed Global, LAO, Mechanism Capital, Bitscale, Spartan Group LLC, 👇
HashKey, DI Ventures, Elysium Venture Capital, Signum Capital and P2P Economy lead by Konstantin Lomashuk, along with a number of top executives of Web3 Foundation and Parity Technologies.
That's a wrap!
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