New ways to raise cash and game chain migration

welcome to decryption‘s Polkadot Week is a regular roundup of the latest developments in the Polkadot ecosystem.

Funding platform takes Polkadot by storm.

Polymega new decentralized and community-driven funding protocol, has officially launched on Polkadot.

The platform allows community members to evaluate and support Web3 projects, giving them access to funding information and project evaluations, and participating in funding rounds.

According to Polimec, the protocol was built specifically with compliance with US regulatory standards in mind and requires users to first obtain Deloitte KYC credentials before they can start investing.

Platform members can become evaluators. They then participate in a 28-day evaluation round to conduct due diligence on the new project and evaluate elements such as the project whitepaper, team, and token economics.—Details such as token supply and distribution.

Evaluators will be rewarded for their efforts with tokens if the project they support successfully reaches the fundraising stage.

Some of the first projects to be hosted on the platform include emerging market-focused blockchains. mandala Infrastructure development platform based in Bali, Indonesia Apiyoncarbon tracking project sphere of influence.

Mythos Chain Moves to Polkadot

Web3, one of the largest blockchains in the gaming industry. myth chainis set to migrate to Polkadot.

This move will bring over 750,000 active wallets and one million new users to the Polkadot ecosystem.

Mythos Chain is used to provide a framework to support Mythical Gaming, a gaming company developing mobile games. NFL Rivals, nitro nation and the now-defunct Blankos Bloc Party. The developer’s games all focus on the player ownership economy and enabling NFT trading.

The migration will see 1,000,000 DOT tokens exchanged for 15,000,000 MYTH tokens, with another 5,000,000 MYTH tokens used as incentives and subsidies to ecosystem partners.

According to Mythical Games, Mythical is working closely with Parity Technologies to migrate the chain, which processes nearly 4 million transactions per month.

The migration won’t affect the company’s relationship with the Apple and Google app stores, and creators will be able to keep their games running with minimal changes using a slightly updated SDK.

Polkadot attends Consensus 2024

Polkadot will be attending Consensus 2024 in Austin, Texas from May 29th to May 31st.

After passing through a series of themed booths to learn about how Polkadot is used, attendees can earn Proof of Attendance Protocol (POAP) tokens, collectible digital badges that prove they attended the event.

Indycar and NASCAR star and Polkadot ambassador Conor Daly will be in attendance, and you can meet Conor in person and collect autographed merchandise.

Polkadot will also host fireside chats discussing real-world blockchain applications in designated “chill zones.”

“A Glass with Gav” returns.

“A Glass with Gav,” a recurring podcast series featuring Polkadot founder Gavin Wood, is back for its second episode.

In this edition, Wood sits down with the CIO and founder of Scytale Digital to discuss his ideas for the future of Polkadot if the potential JAM upgrade is implemented.

Listeners can continue to look forward to new episodes each month, with the podcast available on platforms including: youtube, spotifyand Apple Podcasts.