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- Phala Network’s Phat Contract, designed to effortlessly bridge Web2 services and the Web3 universe, is now live, working across EVM and Substrate blockchains in a trustless environment.
- The Astar Network introduces the world’s first VR-based metaverse developed by Unreal Engine 5 to the Polkadot ecosystem, featuring the first WASM NFT collection.
The Polkadot ecosystem continues to push boundaries in the blockchain space with new advancements and integrations. The latest development is the Phala Network’s Phat Contract, an innovative solution aimed at bridging the Web2 services with the Web3 universe. This integration is a seamless, trustless environment that provides interoperability between Ethereum Virtual Machine (EVM) and Substrate blockchains.
1/ Barely three weeks out from @PolkadotDecoded many of the ecosystem teams are preparing some exciting presentations for Copenhagen – but they’re also busy working on upgrades and announcements.
So stand by for another #PolkadotRoundup thread 🧵⬇️ pic.twitter.com/6lnRi9Z7xt
— Polkadot (@Polkadot) June 5, 2023
EVM, the heart of Ethereum, enables the execution of complex applications, specifically decentralized applications (DApps) on Ethereum’s network. Substrate, on the other hand, is a modular, flexible framework that empowers developers to create blockchain networks tailored to their needs. It is the backbone of the Polkadot and Kusama networks.
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The integration of these two ecosystems through Phat Contract opens up a new world of possibilities, facilitating smooth transitions and communication across different blockchains.
In another exciting development, the Astar Network announced the integration of the world’s first Virtual Reality (VR) based metaverse, designed using Unreal Engine 5, into the Polkadot ecosystem. Unreal Engine 5 is a state-of-the-art real-time 3D creation tool used in various sectors, including gaming and film industries. It boasts high-fidelity graphics that take the VR experience to a whole new level.
The integration of the VR metaverse brings a new dimension to Non-Fungible Tokens (NFTs) in the Polkadot ecosystem. The partnership introduces 1,000 cyber-themed NFTs created in 3D, the first-ever WASM NFT collection. WASM or WebAssembly is a binary instruction format that offers near-native performance and is designed as a portable target for the compilation of high-level languages.
Furthermore, the Astar Network is expanding its reach with new partnerships. Crypto portfolio tracker FiDi joined Astar’s Builder’s Program, offering an advanced, multi-wallet and multi-blockchain solution for crypto-asset management. Simultaneously, Apillon, a decentralized application (DApp) solution provider, integrated with Astar to offer multi-chain smart contract connectivity.
In essence, these new partnerships and technological upgrades illustrate Polkadot’s ongoing efforts to expand the Web3 universe, presenting exciting opportunities for developers, blockchain enthusiasts, and end-users alike. As blockchain technology continues to evolve and develop, expect Polkadot to remain at the forefront of these advancements, driving innovation in the industry.
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