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Binance leads $2.4 million funding for Polkadot's (DOT) Plasm Network - Vimarsana News

Binance leads $2.4 million funding for Polkadot's (DOT) Plasm Network

Funding will be used to improve Plasm’s scalability and accelerate research and development. Binance says the investment is a show of commitment about helping the Polkadot network grow. Binance has led a $2.4 million Series A funding for a multi-VM smart contract platform Plasm Network, which is based on the Polkadot platform. According to the report, the Plasm Network is designed to be an EVM-compatible, interoperable, and scalable network. It is designed and based on layer2 solutions such as Zk Rollups and Optimism Virtual Machine (OVM). Are you looking for fast-news, hot-tips and market ...

Source: invezz.com
Moonstake Enters a Strategic Partnership with Stake Technologies to Enhance the Polkadot Ecosystem and Scale the DeFi Projects - Vimarsana News

Moonstake Enters a Strategic Partnership with Stake Technologies to Enhance the Polkadot Ecosystem and Scale the DeFi Projects

(2) SINGAPORE, Feb 1, 2021 - (ACN Newswire) - Moonstake has entered into a strategic partnership with Stake Technologies, which develops the Plasma Network, the world's first successful connection to Polkadot's testnet parachain. Through this partnership, Moonstake and Stake Technologies will work together to expand the Polkadot ecosystem. Also, both pirates will proactively discuss potential implementation of the staking of Plasm Network Token, PLM, onto Moonstake's staking platform and possibility of collaboration in the DeFi space. Moonstake started in the staking business last year with t...