AllianceBlock Partners with Supercolony to Bring Fundrs and DEX to Polkadot’s Parachains
Today, we’re excited to announce that we have been working with our partner Supercolony, a major venture studio committed to developing the Polkadot ecosystem, to extend AllianceBlock DEX and Fundrs on selected parachains. The deployment will be made using ink!, a next-gen smart contract language solution that’s beginning to be used across this popular blockchain ecosystem.
By doing so, we’re not only paving the way for other developers and projects using ink! to extend their preexisting solutions to help Polkadot grow, we’re also actively supporting this network’s growth with our innovative take on an automated market maker and a decentralized peer-to-peer funding protocol.
Ink! is the future of fast and cheap smart contract development on Polkadot (and beyond)
If you have been following the development of Polkadot’s ecosystem closely, you would have found the recent allocation of parachain slots hard to miss. With the most popular projects now voted in and building on customizable chains connected to the Polkadot network, this blockchain is ready to begin the new era of value creation through a number of new use cases.
Another exciting development in the DOT ecosystem is the upcoming deployment of the ink! embedded domain-specific language (eDSL) to a selected number of new parachains. ink! presents an alternative to Ethereum’s Solidity, a programming language that is far more popular for creating smart contracts. ink! is a next-generation smart contract programming language that allows blockchain developers to create code that’s faster and enables transactions that require fewer gas fees to complete.
Already a number of Polkadot’s parachains have committed to implementing ink! in their networks once the code is ready to be deployed. These include Acala, Phala, Astar, Edgeware and Canvas. Over time, we expect ink! to become the preferred language on Polkadot and Substrate relay chains.
Supercolony helped accelerate the development on the Polkadot network
One of the biggest proponents and developers of ink! on Polkadot is Supercolony. Supercolony is a venture studio that creates, funds and supports the development of Polkadot and cross-chain companies. This studio has helped develop Polkadot WASM, contributing to core ink! and Substrate smart contract languages used to build on this network.
Supercolony was also the first to develop ink!’s business logic, as well as integrate it with Polkadot’s logic at the front end. Supercolony, together with Parity and Patract made ink! functional and ready to be actually used in real-world projects. This venture studio also developed OpenBrush, a smart contracts library similar to Openzeppelin, with PSP22 the first token standard in the ecosystem, which serves a similar purpose to what ERC20 serves on the Ethereum network. By doing so, they’re adding real value to Polkadot and paving the way for future use of ink! to make it a more scalable blockchain network.
AllianceBlock Fundrs and DEX will help Polkadot grow its parachains
The beginning of parachains heralds a new era for the Polkadot ecosystem. In this crucial stage of development, it is essential for the network to continue to grow, both in the underlying infrastructure and in the runway for projects building and connecting to DOT. By working alongside Supercolony, we are paving the way for the new smart contract future of ink! on Polkadot. We are also preparing to deploy our innovative solutions that will help parachain-based projects improve their liquidity and get access to new avenues of funding. You can test Fundrs here and DEX here.
Our Co-Founder and CEO Rachid Ajaja had this to say about this partnership:
“At AllianceBlock, we’re all about helping DeFi grow and making it the most ultimate, robust version of itself. Polkadot was an obvious choice for us in order to grow the reach of our technology and support top-tier ecosystems that we believe will have a big impact on this space. To build and release Fundrs & DEX on the Polkadot network, it has been a no-brainer to join forces with a reputable partner such as Supercolony. They have been doing amazing work to accelerate the development on top of Polkadot. Together, we’re going to push ink!’s use cases even further by deploying our innovative solutions using this next-generation smart contract language.”
Markian Ivanichok, Supercolony’s Co-Founder & CEO had this to say about the partnership:
“At Supercolony we believe in technology that serves people, not vice versa. Crypto is all about that. We have chosen Polkadot as we believe it to be the next huge step in the crypto revolution that is happening today. At its core, Supercolony is a team that always works at the edge of innovation, paving the way forward. This drive for innovation is exactly why we have chosen WASM and ink!. When there was no base library (aka Openzeppelin) — w e created it. When there was no ERC20 — we created PSP22. When something was missing in ink!’s core, we immediately moved to fill that gap with pull requests. In this innovation journey, we need allies with whom you can build together. AllianceBlock has grown into a brand name in our industry as a builder of high quality solutions that truly help DeFi space grow. Our partnership has been growing by the day as we work together to channel these solutions into the Polkadot ecosystem. I am glad and excited that we can support each other.“
About Supercolony
Supercolony is a venture studio run by a team of visionary founders and builders that choose to work at the edge of innovation. They build, fund, and support Polkadot and cross-chain companies that share their mission.
Supercolony enables entrepreneurs to efficiently convert their ideas into companies through operational support, company building, product design, and funding. Their support helps reduce operational risks, provides access to financing faster, and iterates product development at a higher pace.
You can find them on:
About AllianceBlock
AllianceBlock is bridging the gap between decentralized finance and traditional finance, by remedying issues that exist in both spheres and linking them more closely together. 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.
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 around the world with the tools they need to seamlessly access the DeFi space.
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