Polygon (MATIC) and Chainlink (LINK) have formed a new partnership with FibSwap. VeChain’s (VET) largest main-net hard-fork is ready for deployment. Polkadot (DOT) has launched the next generation hackathon metaverse championship. Keep reading us for details.
MATIC and LINK form new partnership with FibSwap
On Monday, November 7, cross-chain decentralized exchange FibSwap announced its integration with Chainlink Automation. The integration between FibSwap and Chainlink happened live on Polygon Blockchain (MATIC). FibSwap says this integration will allow staking farm pools securely and cost-effectively. He also notes that it will help them automate the distribution system for efficiency. This will give users more assurance about the security of their assets. It will also help keep the FibSwap protocol solvent while providing an optimal depositor experience.
FibSwap is a cross-chain decentralized exchange that supports multiple blockchains. It allows users to securely exchange tokens of one blockchain for native tokens of another blockchain. FibSwap simplifies the whole process so that users can exchange tokens after selecting the network and its associated tokens.
FibSwap says it chose Chainlink Automation because it is operated by a well-tested and trusted pool of node operators who are currently securing tens of billions of dollars in decentralized finance (DeFi). Chainlink Automation has performed excellently even in times of extreme market volatility and network congestion.
VeChain’s largest main-net hard-fork ready to deploy
cryptocoin.com As we reported, after many years of hard work, VeChainThor’s flagship main-net hard-fork, PoA2.0 upgrade, is ready for distribution after successful voting in VIP-220. The developers expect the upgrade to change the game for VeChain. Because this upgrade will allow it to achieve block precision.
According to the announcement, the final stage of ‘Proof of Authority 2.0’ (POA2.0), the integration of precision with the VIP-220, will be released at block height 13815000 or at 08:10 UTC on 17 November. It encourages developers and projects running Thor nodes to upgrade their node software to version 2.01 before main-net upgrade to avoid any issues. Version v2.0.1 will enable the final hard fork on main-net. This will implement the Single Bit (FOB) VIP-220 Precision, which allows nodes to control the precision of the blocks.
Polkadot launches next-gen hackathon metaverse championship
Polkadot (DOT) is a cross-network Web3 ecosystem of interconnected para-chains. Now Polkadot enthusiasts invite all GameFi, metaverse and play-to-earn developers to the biggest Polkadot event in December 2022. According to the official statement from altcoin officials, the first Metaverse Championship will start on December 5, 2022 in Budapest.
Unlike the main Web3 hackathons, only selected teams will be allowed to participate. The main event will begin on December 5th. Prior to this, all potential contributors will go through a necessary preparation and learning process to produce the highest quality content. Polkadot-focused teams will then introduce themselves and qualify for the entry limit of 40.
Veteran Web3 heavyweights Michael Healy, Silur and Mike Vitéz will expertly review projects. As such, a group of top industry veterans will analyze the products of all successful contributors.
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