Polkadot Web3 Talisman Portfolio Closes $ 2.35 Million Seed Funding Round

By September 29, 2021Polkadot
Click here to view original web page at www.thebharatexpressnews.com

Talisman, a Polkadot Web3 wallet platform, has raised $ 2.35 million from early funders, including Hypersphere Ventures, Koji Capital, and Advanced Blockchain AG, as well as several anonymous Flex Dapps investors.

According to an announcement published Wednesday, with the closing of the roundtable, Talisman plans to launch a portfolio extension by November 22.

Considered a DotSama wallet – a coat rack of Polkadot (DOT) and Kusama (KSM) -, Talisman would aim to allow cross compatibility between the “screen” of Polkadot and Kusama.

Commenting on the decision to support the project, Jack Platts, Partner of Hypersphere Ventures, said, “Talisman aims to become the Paraverse gateway for everyday crypto users.

Talisman is reportedly building the first DotSama asset dashboard with features like staking KSM and other parachain assets, Karura integration for decentralized exchange, and support by Polkadot Crowdloan.

Other core features of the planned Talisman roadmap include NFT support, Shiden Dapp staking, and third-party fiduciary ramps.

The announcement also indicated that with the seed funding secured, the team is looking to grow while adding more essential features to help users interact with DotSama’s screen ecosystem.

Related: Original $ 4 million Doge NFT meme auctioned for 17 billion coins

The launch of Talisman comes as the DotSama ecosystem begins to take shape with the ongoing parachain Kusama auctions.

As previously reported by TBEN, the first round of parachain auctions ended in June, with the second round currently underway.

Kusama DeFi Altair platform become the ninth winner of the total parachain auction and the fourth of the second round on Wednesday. Another slot auction will take place over the next seven days before a temporary hiatus that will precede the third round of the process.

These parachain auction winners will connect to the Polkadot relay chain, possibly initiating the seeding of liquidity in the Kusama and Polkadot ecosystems.

All Today's Crypto News In One Place