Moondance Labs, a core contributor to the Tanssi Network, has been awarded the Decentralized Futures grant to lead Polkadot’s business development efforts. This grant will support strategic expansion initiatives aimed at accelerating the adoption of Polkadot through the deployment of new parachains (specialized blockchains connected to Polkadot) and smart contract-based applications.
Strategic Approach to Addressing Ecosystem Challenges
Moondance Labs will address key challenges in the Polkadot ecosystem with a multifaceted approach, leveraging a dedicated Business Development (BD) team. This team will replicate the successful growth strategy executed in Tanssi, engaging with developers worldwide to introduce the features and benefits of Polkadot and gather valuable market intelligence.
Key Components of the Strategy:
Referral and Grants Program: A structured program to attract inbound leads, which will be vetted before presentation to a committee of Polkadot contributors. This program aims to bring high-quality projects into the ecosystem, fostering growth and innovation.
Distribution Channels: Partnerships with software houses, blockchain integrators, universities, investor networks, and venture builders to access early-stage deal flow and attract projects to the Polkadot ecosystem.
Operational Processes: Comprehensive procedures for deal flow management, including first point of contact, due diligence, resource allocation, and ongoing engagement with ecosystem projects.
Key Achievements and Track Record
Moondance Labs has a proven track record of attracting and supporting project teams, demonstrating its capabilities and commitment to the Polkadot ecosystem. Key achievements include:
Successfully registered more than 2,500 appchains on the Tanssi Testnet.
Developed a robust pipeline of over 200 projects spanning various sectors, including DeFi, NFTs, gaming, RWA, digital media, real estate, and others, showcasing a strong potential for active involvement within the Polkadot ecosystem.
Fostered cooperative relationships with key parachain ecosystems like Moonbeam, Phala, Ajuna, and Kilt.
Benefits to the Polkadot Ecosystem
The efforts of Moondance Labs will bring substantial benefits to the Polkadot ecosystem, including:
Enhanced Project Support: Streamlined processes for onboarding and supporting new projects, ensuring a smooth transition into the ecosystem.
Sustainable Growth: Focus on long-term development and scalability, ensuring the ecosystem's robustness and resilience.
Increased Collaboration: Strengthening relationships with other parachain ecosystems to foster a collaborative and innovative environment.
How Projects Can Get Support
Projects looking to join the Polkadot ecosystem and receive development support can fill out the Moondance Labs Builder Support Form. This will help streamline onboarding and provide tailored support.
Looking Ahead
Support from the Decentralized Futures Program ensures continued advancements and sustainability. Moondance Labs is committed to driving Polkadot's growth, solidifying its mission to build a more accessible blockchain ecosystem.
For more details on the proposal that got passed, please refer to the Decentralized Futures Proposal.
For more information about Moondance Labs, visit moondancelabs.com.
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