Wednesday, May 29, 2024

Polkadot Web3 wallet Talisman locks $2.35M seed sponsoring round.

Polkadot’s platform for Web3 wallet Talisman has raked a fund of more than 2.3M USD from its early backers. These include Koji Capital, Advanced Blockchain, and Hypersphere Ventures, apart from many unnamed investors of Flex Dapps.

While this round of funding closes, Talisman aims to introduce the expansion of the wallet by the end of November this year. It seems that Talisman wishes to offer compatibility across the entire Kusama and Polkadot paraverse.

A Partner of Hypersphere Ventures, Jack Platts, commented on their decision to back the project. He said Talisman wants to emerge as a paraverse gateway for frequent cryptocurrency users.

The first DotSama asset dashboard is being developed

Reports have it that the company is developing the maiden DotSama asset dashboard featuring attributes like betting on KSM. Some parachain assets, Polkadot Crowdloan support, and Karura integration to decentralize the exchange of exchanges are also included.

Some other key features of the planned roadmap of Talisman are 3rd-party fiat ramps, Shiden Dapp betting, and NFT support. The team aims to expand with more crucial features by securing seed funding. These features will assist users in communicating with the ecosystem DotSama paraverse.

Kusama auctions

Its launch is coming up while the DotSama exosystem starts taking up the shape with parachain auctions conducted on Kusama. According to previous reports, the initial round of auctions ended in June this year. The second round is currently going on.

The platform Kusama Defi Altair was the 9th winner of the auction overall and fourth in the 2nd round recently. There will be another slot auction very soon before the timeout ahead of the 3rd round.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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