Web3 Foundation Funds Technical Bridge Connecting Polkadot to Bitcoin

gepubliceerd op by Coindesk | gepubliceerd op

Vermeld in dit artikel
Bitcoin
95,427.12
USD
-3,314.96
-3.474 %
Chainlink
22.54
USD
-1.58
-6.988 %
Polkadot
6.91
USD
-0.48
-6.940 %
The Web3 Foundation, the non-profit entity behind Polkadot, has financed a new bridge to link the multi-blockchain network to bitcoin.

London-based developer house Interlay will receive funding from Web3 to build a "BTC-Parachain" to bring bitcoin-backed assets onto Polkadot.

A regulated entity in Switzerland, the Web3 Foundation has been issuing grants, anywhere between $3,000 and $100,000, to projects looking to build on the Polkadot platform since the start of 2019.

Web3 has so far financed nearly 100 project in five separate funding waves, according to its GitHub page.

Other projects supported by Web3 include a Metamask plugin, an interoperability bridge with EOS and a parachain linking Polkadot to the prospective Libra ecosystem.

In October, Web3 created a Polkadot ecosystem fund together with Polychain Capital.

It's unclear how much funding Interlay received from Web3.

A Web3 spokesperson said the company did not disclose grant amounts per team.

UPDATE: A previous version of this article said the Web3 Foundation had funded 60 teams.

Comment from a Web3 spokesperson has also been added.

Recent nieuws Alles zien
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.
x