AllianceBlock Extends Fundraising Solutions to peaq network, Marking First Major Integration with Polkadot Ecosystem
Builders on the peaq network can now leverage our fully-decentralized peer-to-peer fundraising platform to raise capital and accelerate their roadmap
Furthering our partnership announcement with peaq earlier this year we’re thrilled to share that peaq has integrated with Fundrs. The integration between peaq and Fundrs enables developers building decentralized applications (dApps) on peaq to raise capital on Fundrs, our fully-decentralized peer-to-peer funding platform based on reputation and merit.
peaq is the first project within the Polkadot ecosystem to integrate with Fundrs, granting the larger Polkadot community access to its contributor community, including leading layer-1 blockchains.
peaq is a purpose-built blockchain network for the Economy of Things (EoT), enabling the secure, fast and frictionless transfer of value and data between machines and their users. peaq empowers individuals, enterprises and governments to build, earn and govern on the network via EoT dApps. To achieve their mission, peaq leverages Polkadot’s parachain infrastructure.
Peaq’s integration with Fundrs is a gateway to AllianceBlock’s solutions and protocols. In addition to having access to our fully-decentralized funding platform, peaq builders can have the option to create compliant capital raising rounds with AllianceBlock TIDV (Trustless IDentity Verification). As the partnership grows, we’ll continue to extend more of our solutions into the peaq ecosystem, including integration with the DeFi Terminal for creating liquidity mining and staking campaigns, the Bridge and the Cross-Messaging Protocol for bridging tokens and providing greater interoperability with other networks, and the DEX for managing liquidity.
Leveraging our end-to-end DeFi infrastructure will support the growth of dApps and projects, unlocking liquidity, ensuring scalability, and providing interoperability on a new scale. This integration marks our first foray into the Polkadot network, tying in with our goal to extend our solutions that are interoperable across the wider ecosystem. Furthermore, this allows us to access more users and ecosystems, opening more opportunities for AllianceBlock and builders on the Polkadot network.
Rachid Ajaja, Co-Founder and CEO of AllianceBlock, said: “We are looking forward to seeing the peaq community list its first projects on the Fundrs dApp. The Economy of Things projects aim at tangible, real-world processes and services, which contributors using Fundrs will likely appreciate. Besides that, the integration will also work as our first bridge with the wider Polkadot ecosystem, enabling hundreds of leading Web3 projects to fundraise across the entire blockchain space.”
Till Wendler, Co-Founder of peaq, commented: “We are delighted to be the first member of the Polkadot ecosystem to integrate with Fundrs, enabling the community to leverage the vast liquidity this platform brings to the table. The integration continues a strong partnership between peaq and AllianceBlock, which was forged to power the Web3 Economy of Things using DeFi. Fundrs grants new capital-raising opportunities to teams building on peaq, helping them aim higher and innovate faster. Long-term, the continued integration of AllianceBlock’s stack will help peaq to revolutionize how people own and govern machines. More integrations will come from this partnership, which we’re excited to share in the future.”
Are you interested in integrating Fundrs or want to talk about the potential to launch on the platform? Reach out to our business development team here.
About peaq
peaq is the decentralized Web3 network powering the Economy of Things (EoT). peaq is designed to solve some of our biggest societal and economic challenges, ensuring that the incentives of people and increasingly intelligent machines are aligned. peaq users will be the driving force of a new sustainable economic model, beginning by disrupting the automotive industry. peaq empowers individuals, enterprises and governments to build, earn and govern on the network via EoT dApps. The peaq network is purpose-built for the EoT, enabling the secure, fast and frictionless transfer of value and data between machines and their users, at a low cost. peaq’s use of machine NFTs allows users to buy and sell stakes of machines on the peaq network, effectively facilitating the monetization of machines. The network also allows developers to build a range of dApps on the network, creating the foundation for the EOT.
About AllianceBlock
AllianceBlock is bridging the gap between decentralized and traditional finance by remedying issues in both spheres and linking them more closely. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
They are building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.
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