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.
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.
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.