{"id":272064,"date":"2021-06-11T16:00:00","date_gmt":"2021-06-11T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stake-technologies-secures-10m-to-build-dapp-ecosystem-for-polkadot-and-kusama\/"},"modified":"2021-06-11T16:00:00","modified_gmt":"2021-06-11T13:00:00","slug":"stake-technologies-secures-10m-to-build-dapp-ecosystem-for-polkadot-and-kusama","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stake-technologies-secures-10m-to-build-dapp-ecosystem-for-polkadot-and-kusama\/","title":{"rendered":"# Stake Technologies secures $10M to build dapp ecosystem for Polkadot and Kusama"},"content":{"rendered":"<p>&#8220;<strong># Stake Technologies secures $10M to build d<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> ecosystem for Polkadot and Kusama  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvMmE3NzEzZGEtNTllMC00ODhlLWE1MGEtOWY5ZTZjYTMxN2VhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Stake Technologies Inc., an infrastructure provider for decentralized applications and Web 3.0 protocols, has raised $10 million in strategic investments to help build out the Polkadot and Kusama ecosystems through its wholly-owned Plasm and Shiden networks.<\/p>\n<p>The funds will be im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely deployed to help Stake Technologies complete a successful Parachain Lease Offering, or PLO, both on Kusama and Polkadot, the company announced Friday. The Kusama PLO will be conducted through the Shiden Network parachain, while Plasm Network will be dedicated to Polkadot. <\/p>\n<p>Stake Technologies has adopted a \u201ccrowdloan-centric strategy\u201d for securing the Shiden parachain lease, which refers to one of two primary approaches for securing a parachain slot \u2013 the other being direct sales. <\/p>\n<p>The investment round was led by venture capital firm Fenbushi Capital, with participation from Hypersphere Ventures, Gumi Cryptos, IOSG Ventures, TRG Capital, AU21 Capital and others. Nobuyuki Idei, the ex-CEO and chairman of Sony, also participated as an angel investor. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Polkadot creator Gavin Wood proposes June 15 for first Kusama parachain auction<\/em><\/strong><strong><em>.<\/em><\/strong><\/p>\n<p>\u201cThe Plasm Network, and its cousin Shiden, aim to be the multi-chain DApp hubs of Polkadot and Kusama,\u201d Stake Technologies said. \u201cThe two networks will become the gateway for cross-chain assets from other networks, layer-two platforms and parachains.\u201d<\/p>\n<p>\u201cThe multi-blockchain approach means that Plasm and Shiden will be key contributions to the overall parachain ecosystem, with their work on scaling benefiting every other future parachain,\u201d said Jack Platts, partner at Hypersphere Ventures, which contributed to the funding round. <\/p>\n<p>The highly anticipated Kusama parachain auction could have its first winner later this month should the Kusama Council approve a tentative schedule published earlier this week by creator Gavin Wood. As Cointelegraph reported, Kusama has been ready to host parachains since May, with developers confident that all technical hurdles have been cleared.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/stake-technologies-secures-10m-to-build-dapp-ecosystem-for-polkadot-and-kusama\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Stake Technologies secures $10M to build dapp ecosystem for Polkadot and Kusama &#8221; Stake Technologies Inc., an infrastructure provider for decentralized applications and Web 3.0 protocols, has raised $10 million in strategic investments to help build out the Polkadot and Kusama ecosystems through its wholly-owned Plasm and Shiden networks. The funds will be immediately&#8230;<\/p>\n","protected":false},"author":1,"featured_media":272065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvMmE3NzEzZGEtNTllMC00ODhlLWE1MGEtOWY5ZTZjYTMxN2VhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75168,117,73711,71745],"class_list":["post-272064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-polkadot","tag-business","tag-investments","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=272064"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/272065"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=272064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=272064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=272064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}