A little bit of chit chat

Cogency, a Web3Foundation grantee, just announced partnerships with important news outlets such as Reuters, Publico and Condé Nast. Cogency is a pilot project researching how Web3 can increase trust in news outlets and create new revenue streams for content creators. In practice, Cogency is helping these traditional organisations to find ways to create decentralised structures and ecosystems. 

Astar’s statement on the current situation

After the collapse of FTX and Alameda Research, Astar founder, Sota Watanabe, released a public statement on Discord.

According to the statement, there are two direct connections between Astar and Alameda. One is the $400,000 invested by the fund into the project in their latest $22M round. This got Alameda a ~0.08% stake, the majority of which is still locked. 

On the other hand, Astar lent Alameda an undisclosed amount of ASTR tokens for market making, which is being reclaimed by the Astar team at the moment. Sota shared that the project has over 36 months of runaway cash. 

Go Polkadot Go 💮

A proposal on Polkassembly is asking for funding to build Substrate-compatible Runtimes in Go. The project is led by LimeChain, which already has some experience on the topic after conducting research funded by W3F and describing the challenges  that such a development could pose. 

The proposal aims to develop a framework for building Substrate-compatible Go Runtimes that Parachains and Solochains can use. They believe this  will open the door to a broader segment of developers who want to write Runtimes in different languages. LimeChain made clear in their proposal that this framework does not enforce any changes to the Polkadot network.

This week’s crowdloans

Weekly Spot: A recently spotted Polkadot /Kusama native NFT

Ceres is the closest to the Sun and the smallest known dwarf planet in the solar system. Ceres is so named after the Roman goddess of agriculture. It is located between Mars and Jupiter, and for a time was even considered a full-fledged planet. But still, as scientists explored the cosmos, they recognized it as an asteroid, which is also a dwarf planet.

Wrap Up

If you like our newsletter, share it with your friends so they can be also on top of the latest and the greatest (and sometimes not so great) of the Polkadot ecosystem. 

In the meantime, feel free to follow us on Twitter @zkvalidator and visit our website to stake with us.


Leave a Reply

Your email address will not be published. Required fields are marked *