Aventus allies with Scytale in a bid to win a Polkadot parachain slot



Aventus Community (AvN) lately introduced teaming up with Scytale Ventures, a blockchain challenge capital company that may lend a hand the Layer 2 answer achieve its function of turning into a Polkadot parachain.

Based in 2017, Aventus combines the weather of public and undertaking blockchains–leveraging scale and privateness of a permissioned blockchain with the safety and interoperability of public networks.

Constructed the usage of Substrate

“Their natural determination to first construct on Substrate on account of the tech stack, then paintings with us to sign up for the network devoted to multichain interoperability, is a testomony to the ability of Substrate, and can release super price for stakeholders. We’re assured that–with our experience and funding–Aventus will be certain true interoperability with the Polkadot ecosystem, atmosphere an instance for others on this house to observe,” commented Mark Cachia, Founder at Scytale Ventures.

Consistent with the announcement, Aventus’ partnership with Scytale Ventures features a sizable DOT grant, alternatively, the precise price contributed through the VC used to be no longer specified.

Profitable a parachain slot would allow good contracts, dApps and different property or utilities at the undertaking chain to be seamlessly and securely transferred between Aventus, Polkadot, and a number of alternative appropriate blockchains.

“Believe an international wherein you couldn’t ship emails from Gmail to Microsoft–otherwise you couldn’t view the similar webpage on each a PC and a Macintosh. That’s the issue going through blockchain at the moment–1000’s of various initiatives are constructed on other languages, and so they can not communicate to one another. Polkadot is the option to this–bridging other chains and giving them a commonplace language,” mentioned Alan Vey, Co-Founder and CEO of the Aventus Community.

Profitable a parachain stot

“Integrating into the Polkadot circle of relatives has at all times been an ambition for Aventus, and with Scytale’s experience and capital injection now we have the rocket gasoline we wish to achieve our function of making sure true interoperability with the broader blockchain network,” Vey added.

In a bid to win an public sale for the Polkadot parachain slot, the primary batch of initiatives gathered billions of greenbacks price of DOT overdue ultimate yr–some from community-based crowdloans, some from VCs that staked tokens to toughen their pics.

Then again, as Polkadot auctions advance and extra slots are gained, the prices of snagging a parachain lower.

Previous this month, Aventus celebrated its record on Coinbase–crowning the beginning of a promising yr for the community.

Will the Layer 2 that located itself to supply scalability and interoperability to companies upload a Polkadot slot to the record of this yr’s achievements, continues to be noticed.

Posted In: , Parachains

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