The Week in Polkadot: Moonbeam Launches $13 Million Funding Initiative
One of Polkadot's largest parachains is investing big in its ecosystem, while the Polkadot community pours money into liquidity.
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One of Polkadot's largest parachains is investing big in its ecosystem, while the Polkadot community pours money into liquidity.
Moonbeam Network, a Web3 smart contract platform, has launched a $13 million funding initiative to boost its ecosystem growth in key areas like gaming and real-world asset (RWA) tokenization. The $13 million package consists of a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants.
Token Unlocks data shows major releases for APT, IMX, and others, totaling over $240 million.
This initiative encompasses a multifaceted approach aimed at propelling the network forward and enhancing its capabilities. At the forefront of the Moonrise initiative is a comprehensive brand redesign, reflecting the network's commitment to modernity and progress.
Moonbeam is an Ethereum-compatible smart contract platform based on Polkadot. It acts as a developer-focused bridge connecting different blockchain ecosystems, including Ethereum, Cosmos, Solana, Avalanche, and others.
Web3 development platform Moralis announced it had added support for Moonbeam Network, the go-to destination for multi-chain applications on Polkadot across its Application Programming Interface (API).
Web 3 development platform Moralis said it has added support for Polkadot's parachain Moonbeam Network across its Application Programming Interface (API) suite, according to a press statement shared with CryptoSlate. Moralis helps developers solve issues they face when transitioning from Web2 systems to decentralized blockchain apps through its APIs.
Despite the community failing to bring more attention to the protocol, Polkadot's blockchain has achieved a new all-time high in active addresses, surpassing 600,000 by the end of March. Among these active addresses, over 41% are attributed to Moonbeam, the cross-chain smart contract platform.
Story Highlights The live price of GLMR token is Moonbeam price is expected to hit a maximum of $1.317 by the end of 2024. With a potential surge, the GLMR price may go as high as $5.024 by the end of 2030.
In a strategic move that signals a major shift in the landscape of digital gaming, Moonbeam Network has announced a groundbreaking partnership with Animo Industries, a prominent player in the web3 gaming development arena.
Animo Industries captivates with ‘Stars Arena'. It is a third-person mech-shooter online multiplayer game with immersive stories and advanced graphics.
Blockchain gaming is heating up as titles head to platforms like the Epic Game Store in the hopes of winning over mainstream consumers.
Starknet, Osmosis, and Moonbeam have emerged as leaders in crypto ecosystem growth, according to the 2023 Crypto Developer Report from Electric Capital.
This week, around five crypto projects are gearing up for token unlocks, as reported by Token Unlocks. One of the most significant unlocks is from Aptos (APT), with plans to release tokens worth $228.05 million on January 12.
Uniswap v3 contracts are now live on the Moonbeam Network, a core component of the Polkadot ecosystem, facilitating a broader user base to engage with Uniswap via an Oku interface. This integration, spurred by community approval and secure cross-chain protocol Wormhole, underscores Moonbeam's standing in multi-chain expansions and augments trading experience with enhanced features catering to liquidity providers.
The Moonbeam (GLMR) price broke out from a 214-day descending resistance line on Monday. It has increased by 50% so far.
GLMR, the native crypto of the Moonbeam protocol, surged over 50% after news broke of its upcoming listing on the South Korean crypto exchange, Upbit.
Although the crypto market is moving sideways, a big rally is expected in the last quarter. DeFi may get a piece of cake, too. Moonbeam, known for its compatibility with Polkadot, is gaining attention for its interoperability efforts. Today, we'll delve into GLMR's potential.
The Polkadot-based parachain Moonbeam has dominated the crypto market trends today, with its native token, $GLMR, gaining more than 55% over the last 24 hours. GLMR defied the broad market's bearish mood following the latest announcement by the top Korean exchange Upbit.
GLMR, the native token of the Moonbeam protocol, a Polkadot parachain, is clearly leading the altcoin momentum today, as most coins push to start their week on a stellar bullish note. At the time of writing and per data from CoinMarketCap, GLMR is up by 50.2% in the past 24 hours, with its price now pegged at $0.2424 on spot trading platforms.
Upbit will list GLMR, causing a 45% surge in its value. GLMR deposits are limited to Moonbeam Network; there is no support for Binance Smart Chain.
The first enthusiasts of Moonbeam (GLMR), a Polkadot (DOT) smart contract environment, can grab their exclusive "I Delegated" NFTs. The deadline for the inaugural generation of delegators expired yesterday, Sept.
Six cryptocurrency projects, including ApeCoin (APE) and Aptos (APT), are set to release significant tokens this week. Moonbeam will release 9.7 million GLMR tokens, valued at $1.74 million, on September 11; Aptos will unlock 4.54 million APT tokens, valued at $23.85 million, on September 12.
In a recent tweet that has sent shockwaves through the cryptocurrency community, well-known trader and analyst EGRAG CRYPTO has unveiled a compelling prediction for the future of the Moonbeam (GLMR) cryptocurrency. According to this seasoned expert, there is a substantial likelihood that GLMR could yield remarkable returns of up to 20 times for investors during the anticipated bullish phase of the market.