Genesis Shards and PolkaFoundry collaborate to bring pre-IDO liquidity to a wider range of Polkadot-powered projects
Genesis Shards has partnered with PolkaFoundry to help bring a much wider range of DeFi projects building on Polkadot, into the Genesis ecosystem and to provide them with Pre-IDO liquidity solutions!
PolkaFoundry is a one-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems by leveraging the Polkadot multi-chain architecture. It’s optimized to tackle various real-world problems, especially those related to dapp UX, to the highest standard of practice and efficiency. With a shared vision to facilitate growth, investment, and adoption in blockchain innovation, Genesis Shards and PolkaFoundry’s collaboration will focus on the following aspects:
- Genesis Shards and PolkaFoundry join forces to increase scalability, speed, but most importantly interoperability to further drive better user experience and adoption
- PolkaFoundry will support the growth of Genesis Shards through access to their Signing Key, Payer, and PolkaID identity management services — making onboarding and peer-to-peer transactions more secure
- The Genesis Shards strategic partners including Access, Ecosystem, and Mentor Shards would enable and provide support for PolkaFoundry powered projects.
The initial scope of the collaboration would center around the development and implementation of the Genesis Shards platform for the Polkadot network. To optimize the Genesis Shards’ implementation for Polkadot’s multi-chain environment, Polkafoundry would provide support through its innovative EVM-compatible technology, as well as via technical support and other necessary resources.
As a production hub for DeFi dApps, PolkaFoundry will provide Genesis Shards the required support to scout early and promising DeFi applications within the Polkadot ecosystem. PolkaFoundry will also support our growth through access to their Signing Key, Payer, and PolkaID identity management services, making onboarding and peer-to-peer transactions more secure.
PolkaFoundry powered projects built on the substrate network (which supports Polkadot and other interoperable ecosystems) on the other hand would get access to Pre-IDO liquidity from Genesis Shards platform and direct connections with Genesis Ecosystem, Access, and Mentor Shards.
By promoting liquidity in pre-IDO markets, both parties are looking forward to supporting investment in blockchain startup innovation and research. Both teams have committed to exploring deeper cooperation in the future.
“We are extremely excited to be partnering with PolkaFoundry to ignite our IDO liquidity engine. In our perspective, the collaboration was a no brainer as we both aim to streamline and create a frictionless ecosystem for the emerging DeFi space.” — Nilotpal Mukherjee, Genesis Shards Co-founder
“Genesis Shards’ ideas are very creative. It has the potential to enable a new market we’ve never seen before. As PolkaFoundry’s mission is unleashing developers to explore new horizons of the DeFi landscape, Genesis Shards is an inspiring example of how that works in reality. PolkaFoundry is more than happy to host Genesis Shards on our platform!” — Thi Truong, CEO & Co-founder at PolkaFoundry
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About PolkaFoundry
PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools for DeFi experiments, innovations, and real-world solutions. Taking advantage of the interoperability and scalability of Polkadot as well as integrating many DeFi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dApps as easy to use as normal applications and bring dApps to the masses.
About Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens.
The next major steps in Genesis’s journey will be announced soon! Keep an eye on this space for updates.
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