Don’t Sleep on DOT: These Major Polkadot Upgrades Are Expected to Cause Major Price Spikes in 2024
In a significant move for the Polkadot ecosystem, Mythical Games, a prominent Web3 gaming company, is teaming up with Polkadot for a major launch in 2024. This collaboration is expected to bring a substantial influx of users and activity to the Polkadot network.
Mythical Games, known for its successful blockchain-based game with over 3 million downloads and a user base of over 650,000, is transitioning its platform to operate on Polkadot. This strategic move is seen as a resounding endorsement of Polkadot’s capabilities in the Web3 gaming space.
According to Ash Crypto, a well-known crypto influencer, Mythical Games and its partners, collectively known as Mythos, plan to create “super chains” within the Polkadot network. These super chains will be designed to be highly scalable, interoperable, and optimized for gaming applications.
The arrival of such a prominent player in the Web3 gaming industry is expected to catalyze growth and innovation within the Polkadot ecosystem, attracting developers, users, and potentially, more gaming projects to the platform.
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Show more +Polkadot 2.0: Major Upgrades on the Horizon
Coinciding with this significant development, Polkadot is gearing up for a major upgrade, dubbed Polkadot 2.0, scheduled for 2024. This comprehensive update aims to enhance the network’s performance, flexibility, and interoperability through three key features:
- Dynamic Core Allocation: This feature will simplify the process for teams to build and deploy projects on Polkadot. Instead of complex onboarding processes, teams will have access to ready-to-use tools and flexible payment options, allowing them to pay only for the resources they consume.
- Async Backing: Asynchronous backing will enable Polkadot to handle more transactions concurrently, significantly improving overall network throughput and adaptability. This feature will allow independent blockchains connected to Polkadot to operate autonomously while coordinating seamlessly, resulting in faster overall performance.
- Trustless Bridging: Polkadot 2.0 will introduce new technologies, such as BEEFY and Snowbridge, to facilitate secure and efficient interoperability with other blockchains, like Ethereum. BEEFY ensures reliable cross-chain transactions, while Snowbridge creates direct bridges between Polkadot and Ethereum, reducing costs and complexities associated with cross-chain interactions.
With these significant developments on the horizon, the Polkadot ecosystem is poised for substantial growth and adoption in 2024, solidifying its position as a leading player in the Web3 and blockchain gaming space.
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