Blockchain platform Polkadot faces criticism from users after spending $87M in H1 2024, doubling its H2 2023 spend, including $36M+ on marketing and outreach
The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses.
Parity Technologies, the developer of Polkadot, which helps different blockchains communicate with each other, is laying off ~100 staff, or 30% of its employees
Muyao Shen / Bloomberg :
p0x labs, which develops Manta Network, a privacy-preserving protocol running on the Polkadot blockchain, raised a $25M Series A at a $500M valuation
Rita Liao / TechCrunch :
A researcher was awarded a $1M bug bounty from Immunefi for discovering a vulnerability on three Polkadot parachains that could have been exploited for ~$200M
Vishal Chawla / The Block :
Researcher earns $1M via Immunefi bug bounty platform after discovering a vulnerability in several Polkadot parachains that could have been exploited for~$200M
Vishal Chawla / The Block :
Bitcoin falls by up to 4.6% to $32,800, its lowest level since July 2021, as investors back away from risky investments; Cardano, Polkadot, and others also drop
Bitcoin slumped to a level last seen in July 2021, part of a wider retreat in cryptocurrencies triggered by a global flight from riskier investments.
For some right-wing libertarian-minded coiners, the right to freely trade crypto takes precedence over opposing a Russian invasion of a sovereign nation
Last month, a non-fungible token, or NFT, collector who goes by the pseudonymous Twitter handle @punk6529 posted a 56-part Twitter thread … Tweets: @martinsfp , @economictimes , @newrepublic , @shokun...
Enjin, a blockchain startup that created the NFT standard used by Microsoft and Nike, raises $18.9M to build a Polkadot-based blockchain network
Quick Take — Enjin has raised $18.9 million to build a Polkadot-based blockchain network, dubbed Efinity, with a focus on non-fungible tokens or NFTs.