Following in the footsteps of fellow Japanese blockchain company Soramitsu, who received a Web3 Foundation Team grant for the development of a Polkadot Runtime Environment in C++ with the first Wave in March, Tokyo-based Staked Technologies is part of the just announced second Wave grantees.
The Web3 Foundation provides grants in different areas of interest, with a specific focus on supporting projects building around Substrate or Polkadot. Most of the Wave Two winners are creating new Substrate modules, so the emphasis has been on additional features for future parachains.
Staked will develop Plasm, a Substrate Runtime Module Library (SRML) which allows developers to add Plasma functions to their Substrate chain quickly and seamlessly. Since Plasm is an SRML, developers can also make both plasma parent chains and plasma child chains with Substrate. In addition, Staked aims to be one of the parachains once Polkadot is launched.
For a detailed discussion of Plasm, please check out the Staked Medium page.
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