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Polkadot Ecosystem
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Noticias

Polkadot Indy 500 Sponsorship for Conor Daly

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In a pioneering step that represents a historic first for sports sponsorships, the Polkadot community has secured its first collaboration with an athlete through its on-chain governance system.

This has seen IndyCar star Conor Daly be selected as the Polkadot Brand Ambassador for the flagship Indianapolis 500 event, a big break from run-of-the-mill, behind-the-curtain sponsorship arrangements. Now, Conor Daly—one of the stars of American professional racing and a huge fan favorite because of his outgoing, infectious personality off the track—finds himself in headlines again, this time as only the 29th driver in history to have completed the double of both NASCAR’s prestigious Daytona 500 and the Indianapolis 500 in the same season.

Conor Daly popularity exceeds the racecourse only; he has been to The Amazing Race season 30, and he participated in the 2024 NBA Celebrity All-Star Game. Receiving an overwhelming majority (95.8% approval) from the Polkadot community for their decision to back Daly is just proof of how much the community is truly interested and excited to start sponsoring these high-level athletes to generate more brand awareness of Polkadot and the decentralized applications that will shape the future of the internet. The Polkadot project represents the cutting edge of the Web3 movement; it is a functional and running platform designed to undergird the next generation of the web.

This is because a strong emphasis would be placed on decentralized governance, where every DOT token holder would be part of a decision-making process in the direction of the platform’s future.

Conor Daly x Polkadot Partnership

The partnership between Daly and Polkadot moves up through Indianapolis 500, with a year-long collaboration that features the participation of fans in the interactive community events and digital initiatives aimed at engaging fans with the innovative world of Polkadot. On the other hand, Conor Daly was quoted saying, “An incredible honor to be chosen not by a corporate team but by thousands in the Polkadot community.

“It really underscores the shift to empowering the individual and democratizing the web,” said Daly. “And the chance not to represent a brand but to represent a community of developers, investors, and regular people building the future of the web is just exhilarating and a deep honor.” The pioneering venture in sponsorship does more than just rattle the cage of the traditional sponsorship model; it shows how blockchain technology holds the promise of transparent, community-led decision-making processes.

Chris Wade, a key Polkadot community member around this proposal, says: “This partnership underlines how blockchain technologies can democratize access to otherwise elite processes and are heralding a new era of transparent, inclusive community and fan engagement within sports marketing agreements.”

Polkadot Coretime Chain Launch w/ Latest Polkadot Update!

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Polkadot’s evolution has been a continuous and deliberate process, aimed at enhancing the network’s flexibility and accessibility for projects and developers. With the latest update, Polkadot introduces the concept of the Coretime Chain, marking a significant shift from the traditional parachain and slot auction model. This new architecture promises to revolutionize how projects interact with and deploy on the Polkadot network, offering a more agile and adaptive alternative for development teams.

Goodbye Parachain Slot Auctions: Welcome Coretime Chain

For a long time, the slot auction and parachain model have been a hallmark of Polkadot. Under this scheme, projects had to compete for slots in auctions, allowing them to lease space on the network for a fixed two-year period. While effective in its early stages, this model presented certain limitations, especially for emerging projects with limited resources.

The Coretime Chain represents a paradigm shift. Instead of requiring a long-term commitment through auctions, projects can now access the Polkadot network high quality blockspace in a more dynamic and flexible manner. This new approach allows teams to lease time on the network according to their specific needs, reducing entry barriers and encouraging greater participation in the Polkadot ecosystem.

Coretime Implementation on Polkadot: A Crucial Milestone

While Coretime Chain was initially introduced on Kusama, the true test comes with its implementation on Polkadot. Kusama, known for its experimental and fast-paced environment, served as the perfect testing ground for this new technology. However, it is on Polkadot that the effectiveness of Coretime Chain will truly be tested, given that this network hosts a more active economy and a more established development base.

The implementation on Polkadot not only reflects the maturity of the technology but also the community’s confidence in its ability to handle the traffic and demands of a larger-scale network. With Coretime Chain’s arrival on Polkadot, development teams are expected to explore new possibilities and optimize their resources more efficiently.

Coretime Marketplaces: A New Expanding Ecosystem

One of the standout features of Coretime Chain is the introduction of specialized marketplaces. These marketplaces act as interfaces where users, development teams, and other ecosystem players can trade, buy, and sell Coretime efficiently. This system fosters a vibrant internal economy, providing the flexibility that many projects need to scale and operate effectively.

For example, on this websites itself, users can find detailed profiles of projects already leveraging Coretime, such as Lastic and RegionX. These profiles provide comprehensive information about each project, including descriptions, official links, and access to their profiles on platforms like X (formerly known as Twitter). These resources are essential for any team or individual interested in understanding how Coretime is being adopted within the ecosystem.

Coretime Chain Architecture: Diving into the Technical Details

For developers and tech enthusiasts, the architecture of Coretime Chain offers a fascinating field of study. Recently, Donal Murray, a renowned engineer at Parity Technologies, delivered a talk where he explained in detail how Coretime architecture will function and the associated pricing. The slides from this presentation, available on DaBlock.com, provide an in-depth view of the technical and economic aspects of Coretime.

Murray’s talk highlights how the new pricing structure and usage time will allow projects to optimize their operations, reducing costs and maximizing efficiency. This level of detail is crucial for teams planning to migrate or deploy new projects on Polkadot using Coretime Chain.

The Future of Polkadot: Beyond Coretime Chain

The implementation of Coretime Chain is just one more step in Polkadot’s continuous evolution. By the end of the next month the network is expected to be fully integrated with Coretime, and by 2025, Polkadot may be ready to launch the overall concept of Polkadot 2.0. This near future is full of promise, with developments that could redefine how we interact with blockchains.

Polkadot 2.0, although still in development, is shaping up to be a significant iteration that could solidify the network as an industry leader. Concepts such as interoperability, scalability, and decentralized governance will continue to be fundamental pillars in this evolutionary journey.

Conclusion: A New Horizon for Polkadot

The arrival of Coretime Chain on Polkadot marks an important milestone in the network’s history. This new model not only provides greater flexibility and accessibility for projects but also reflects Polkadot’s commitment to continuous innovation. By adopting Coretime Chain, Polkadot not only enhances its infrastructure but also opens up new opportunities for developers and projects across the ecosystem.

Polkadot Course 2024 for New Users at edX!

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The Web3 Foundation’s Technical Education team is set to launch a revamped version of the introductory course on Polkadot, scheduled to be available on the edX platform by late October 2024. This updated course aims to provide comprehensive education on Polkadot, catering specifically to active network participants with little to no programming experience, as well as developers from outside the Polkadot ecosystem seeking to understand how Polkadot functions.

Polkadot Course 2024 Overview and Objectives

The revamped course will encompass all major protocol updates that have occurred over the past two years within the Polkadot ecosystem. It is designed to provide learners with the tools and knowledge necessary to engage effectively within the Polkadot network. The curriculum covers a broad range of topics, ensuring that participants gain a well-rounded understanding of both foundational and advanced concepts.

Remember that in the Polkadot Wiki and in the web3 resources and learning section of this website you have much more Polkadot educational material.

Polkadot Course 2024 Key Topics Covered

The course will feature a diverse array of tutorials and assessments, each tailored to enhance the learner’s understanding and practical skills within the Polkadot ecosystem. The key areas of focus include:

  1. Accounts and Balance Transfers: Fundamental concepts of managing accounts and performing balance transfers within the Polkadot network.
  2. Working with Multisig Accounts: Tutorials on the creation and management of multisignature accounts to increase transaction security.
  3. Working with Proxy Accounts: Instructions on utilizing proxy accounts to delegate account operations.
  4. OpenGov Basics and Participation: An introduction to Polkadot’s Open Governance model, including how participants can engage in network governance.
  5. Reading the Chain State: Training on how to interpret and analyze the state of the blockchain.
  6. Usage of Block Explorers and Chain Analytics: Insights into leveraging block explorers and analytical tools for tracking transactions and network performance.
  7. Nominated Proof of Stake (NPoS): A primer on Polkadot’s staking mechanism, including participation strategies.
  8. System Chains Overview: A detailed exploration of the various system chains within Polkadot, such as Asset Hub, Bridge Hub, Collectives, People Chain, and Coretime Chain.
  9. Cross-Chain Transfers: Understanding the mechanics of cross-chain transfers within the Polkadot ecosystem.
  10. Extrinsics Dry Run: An introduction to tools like Acala Chopsticks, enabling participants to fork a chain locally and test extrinsics.
  11. Minting NFTs: A guide on creating and managing non-fungible tokens within Polkadot.

Polkadot Course Target Audience and Accessibility

This course is particularly suited for individuals actively participating in the Polkadot network who may not have extensive programming or development experience. It also serves as a valuable resource for developers from other blockchain ecosystems looking to familiarize themselves with Polkadot’s architecture and functionalities.

The course content will be freely available on the Polkadot documentation portal, ensuring wide accessibility. However, for those seeking formal assessments and credentialing, the edX platform will provide these services for a nominal fee.

Looking Forward: Feedback and Future Developments

The Web3 Foundation has expressed openness to feedback from the community regarding the course curriculum. Suggestions for additional topics or improvements are encouraged, reflecting the Foundation’s commitment to continuously refining educational resources in response to community needs.

This initiative aligns with the broader mission of the Web3 Foundation to nurture and support the development of decentralized web technologies. By equipping participants with the knowledge to engage more effectively with Polkadot, the course aims to further decentralize internet infrastructure and empower users within the Polkadot ecosystem.

For more information or to enroll in the course, visit the the following topic at the official Polkadot fourm.

Polkadot DAO spends in 2023 by category

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Polkadot has distinguished itself through its transparent and strategic fund allocation, setting a precedent for governance and operational efficiency. The fiscal year 2023 stands as a testament to Polkadot DAO’s commitment to nurturing its ecosystem, underscored by a comprehensive treasury report. This analysis, underpinned by the exhaustive details provided in the original source at the OpenGov.Watch Treasury Report, aims to provide an insightful overview of how Polkadot DAO allocated its resources across various sectors crucial for its growth and sustainability.

Exponential Increase in Spending: A Marker of Ambition

The year witnessed Polkadot DAO’s spending surge to 34 million USD from the previous year’s 12 million USD, as detailed in the 2023 Polkadot Treasury Report. This significant increase in budget allocation reflects the DAO’s ambitious drive to enhance its technological infrastructure and community engagement, setting a new benchmark for its operational strategy.

Strategic Spending Across Key Domains

The allocation of the Polkadot DAO’s budget was strategically dispersed across pivotal categories, each serving a core aspect of Polkadot’s ecosystem growth and enhancement:

  • Development: Representing 48% of the total expenditure, development initiatives focused on fortifying the ecosystem’s infrastructure. The emphasis was on wallets, bridges, SDKs, among other infrastructural enhancements, marking a cornerstone of Polkadot’s spending strategy.
  • Outreach: With 24% of the budget, outreach initiatives aimed at bolstering Polkadot’s global presence through strategic marketing and community engagement efforts.
  • HR:Human resources, including talent nurturing and community expansion programs, accounted for 14% of the budget. Investments in hackathons and academies were pivotal in building a vibrant Polkadot community.
  • Operations: Operational expenses, ensuring the seamless functionality of the network, constituted 11% of the budget. This included essential software and hardware investments.

The Q4 Surge: A Strategic Increase in Spending

The final quarter of 2023 saw a pronounced increase in expenditure, reaching 15 million USD. This period was marked by strategic investments, particularly in development and outreach. The details of these investments, alongside the impact of DOTUSD price volatility, underscore the DAO’s adaptability and strategic foresight in fund management.

Embracing Open Governance

2023 heralded a new era of governance for Polkadot, transitioning to a full token-holder governance model, or “Open Governance.” This shift, facilitating a more inclusive decision-making process, reflects Polkadot’s commitment to a democratized governance structure, aligning the DAO’s operational strategies with the collective vision of its community.

Key Investments and Highlights

Notable investments highlighted in the treasury report include Snowbridge and the Polkadot Blockchain Academy, underscoring Polkadot DAO’s focus on technological innovation and education. The DAO’s strategic presence at industry events such as Coindesk Consensus further emphasizes its commitment to ecosystem growth.

Forward-Looking: Polkadot’s Strategic Vision

As Polkadot DAO ventures into 2024, the preliminary trends suggest a continuation of the strategic expenditure patterns observed in 2023. Polkadot’s unwavering focus on development, outreach, and community engagement positions it to further cement its role as a leading blockchain ecosystem.

The Polkadot Treasury Report for 2023 not only showcases a year of strategic investment and growth but also lays the groundwork for future innovation within the Polkadot ecosystem. Through meticulous planning and community-driven governance, Polkadot navigates the evolving blockchain landscape, contributing to the wider Web3 movement. For a detailed exploration of Polkadot DAO’s 2023 expenditures, readers are encouraged to refer to the comprehensive report available at OpenGov.Watch, writted by Alice und Bob and Jeeper.

Polkadot Decoded 2024 Tickets are Available!

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Gear Up for Polkadot Decoded 2024 Event in Brussels

This July, the heart of Europe turns into a hotspot for blockchain aficionados and innovators as Brussels, Belgium, hosts the eagerly anticipated Polkadot Decoded 2024. Mark your calendars for July 11-12th for an unparalleled blend of in-person and virtual gatherings at Polkadot’s premier international event. This year, it’s more than just a conference—it’s a festival celebrating the diverse and dynamic facets of Polkadot and Kusama.

Ticket Options Tailored for Every Event Attendee

Polkadot Decoded 2024 rolls out a versatile array of ticket types to cater to every participant:

  • General Admission (€149): Enjoy full two-day access, hybrid networking, lunch vouchers, exclusive swag, and guaranteed entry to the much-anticipated opening party.
  • Basic Event Access (€49): Get your two-day pass with hybrid networking and the chance to join the opening party, capacity permitting.
  • Student Ticket (€19): Full event access at a discount, requiring a student email and valid ID for check-in.
  • Investor Ticket (€99): Offers all General Admission perks plus exclusive access to the private investor lounge.
  • Virtual Admission: FREE: Engage with the two-day event and network from wherever you are, at no cost.

You can get your tickets directly on the Polkadot Decoded event’s official website.

What to Expect of Polkadot Decoded 2024

Polkadot Decoded 2024 promises an enriching schedule across five stages, featuring enlightening talks, panels, workshops, demos, and fireside chats. The event space will also feature a networking area, dedicated breakout rooms, and ecosystem showcase stations. These stations are specially designed for ecosystem teams and builders eager to display their technological innovations.

As an attendee, you’re set to dive deep into the potential that Polkadot holds, engage with leading minds shaping the future of Web3, and witness the groundbreaking technology underpinning Polkadot’s vision for a multichain future. This event is a treasure trove for those exploring new Web3 use cases or looking to connect with the vibrant Polkadot community.

Can’t Join in Person? Join Virtually!

Distance won’t keep you from experiencing Polkadot Decoded 2024. The event’s live stream ensures virtual attendees can share in the excitement and innovation from any corner of the globe.

Call for Speakers

The Polkadot Decoded 2024 Call for Speakers is now open. This is your golden opportunity to share your insights, technology, or live projects with thousands of community members, industry professionals, and blockchain enthusiasts. If you have a groundbreaking idea for a talk, panel, workshop, or pitch session, make sure to submit your proposal on time.

Spotlight on Dr. Gavin Wood and the Future of Polkadot

A highlight of Polkadot Decoded 2024 will undoubtedly be the expected keynote speech from Dr. Gavin Wood, co-founder of Polkadot and a pivotal figure in the blockchain world. Dr. Wood’s insights into the future of Polkadot are highly anticipated, particularly his discussion on JAM.

In Summary

Polkadot Decoded 2024 is not just an event; it’s a celebration of innovation, collaboration, and the future of Web3. Whether you’re attending in person or virtually, get ready for an immersive experience that promises to enrich, educate, and inspire. See you in Brussels!

Stay tuned to our blog for more updates and information as we countdown to Polkadot Decoded 2024.

Get your tickets at the Polkadot Decoded event official web.

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