Acala Joining the Inaugural Web 3.0 Bootcamp

by Acala Network

We are thrilled to be selected into the first Web 3.0 Bootcamp alongside with 14 other teams building on Substrate, Polkadot, and collectively for the future of Web 3.0. This is a vibrant builder community representing a diverse Web3 stack including privacy, identity, finance, infrastructure, staking liquidity, storage, layer-2 scalability, and wallets.

Acala has just launched Mandala Test Network V3 with a full-fledged decentralized finance infrastructure including multi-collateralized stablecoin , staking derivative Liquid DOT , decentralized exchange , and a savings product . Try it NOW on apps.acala.network ! With Polkadot mainnet around the corner, we are anticipating to launch on Kusama as a parachain and participate in the Initial Parachain Offering on Polkadot as soon as it’s ready.

There is no better timing than now for us to be part of the Web 3.0 Bootcamp backed by Web3 Foundation, Parity Technologies, Wanxiang Blockchain Labs, and New Chainbase. We look forward to accelerating our growth throw the program, collaborating with other teams, partners and mentors, and building open finance together :rocket:

About Acala

Acala is a first-of-its-kind decentralized finance consortium with a vision to create cross-chain open finance infrastructure for the Polkadot ecosystem. The Acala Network is a dual-protocol network: a decentralized cross-chain capable multi-collateralized stablecoin protocol, Honzon, and a trustless tokenized staking liquidity protocol, Homa. Acala aims to bring stability and liquidity to the crypto world and beyond.

Learn more and stay updated by joining Acala on acala.network, Twitter, Medium, Riot Chat, and GitHub. User guides and technical education can be found on wiki documentation.

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Acala is a Web3 Foundation Grant Project

About Web3 Foundation

Web3 Foundation funds research and development teams building the technology stack of the decentralized web. It was established in Zug, Switzerland by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation’s flagship project. Visit web3.foundation to learn more.

About Parity Technologies

Parity Technologies is a software development company on the bleeding edge of Web3 technologies. Founded by Ethereum co-founder and CTO Dr. Gavin Wood and former Ethereum Foundation Head of Security Dr. Jutta Steiner, the company is well known for the Parity Ethereum client, which has contributed a great deal to the success of Ethereum to date. Parity’s mission is to give open-source software developers a space to build innovative new technologies that push our shared vision of a decentralized Web 3.0. Visit parity.io to learn more.

About Wanxiang Blockchain Labs

Wanxiang Blockchain Labs (“the Labs”) is a non-profit research institution focusing on blockchain technology. The Labs gathers global experts to conduct research and promote dialogue on the development, application and strategy to provide guidance for entrepreneurs and to provide reference information for regulatory bodies, all in an effort to promote growth for the society and economy leveraging blockchain technology’s potential. Wanxiang Blockchain Labs is based in Shanghai. Visit blockchainlabs.org to learn more.

About New Chainbase

New Chainbase is a blockchain-focused incubator and accelerator that delivers innovation services specifically for Fintech start-ups in China. Partnered with Wanxiang Blockchain Labs and a number of blockchain organizations, New Chainbase is aimed at delivering one-stop support and guidance to Fintech start-ups and provide them easy access to related Technology Resources, Industry Salons, Financing Resources, Training, and Services of multiple forms. Visit newchainbase.com to learn more.