PolkaRare partners with PolkaFoundry to utilize its dApp platform and launch it’s IDO on Red Kite on 11th May
We’re delighted to announce our partnership with PolkaFoundry, a one-stop production hub for DeFi applications on Polkadot. PolkaFoundry is a platform for creating borderless and frictionless DeFi apps and is designed to unleash developers’ full potential, helping them explore new horizons of the DeFi landscape.
PolkaRare will also have its upcoming IDO on Red Kite, a cutting-edge launchpad developed by PolkaFoundry. This will be an ideal platform for PolkaRare, given it is a web3 economy that allows any user or a brand to create, trade, and discover NFTs.
This partnership will be instrumental as PolkaRare will run on the Polkadot ecosystem and can thus use PolkaFoundry’s production hub to fully benefit from the scalability and interoperability offered by the substrate-based parachain of Polkadot.
One-stop production hub for NFT marketplace
PolkaRare is an economy for unique and scarce digital assets. It allows any user or a brand to create, trade, and discover NFTs. By leveraging NFT’s provable scarcity, transferability, and unique product offerings, Polkarare aims to unlock the maximum potential of NFTs.
PolkaFoundry helps developers build DApps that are not only powerful but also accessible to even casual users by placing a great deal of emphasis on reducing barriers to entry and improving the user experience.
Red Kite on the other hand is their newly developed launchpad, that provides a safer platform for investors, allowing them to gain early access to vetted token sales at a lower price before they hit the market.
By collaborating with PolkaFoundry, PolkaRare will be able to make its NFT marketplace more accessible to users without worrying about high transaction fees or scalability problems typical of other blockchains. PolkaFoundry brings many add-ons to the PolkaRare ecosystem such as file storage, identity management, and decentralized Oracle data access.
PolkaRare will also make use of PolkaFoundry’s EVM compatibility that allows developers to easily deploy Ethereum smart contracts on Polkadot without technical difficulties.
Having Red Kite as one of the launchpads for PolkaRare IDO means it is supported by a network of tier-1 marketing partners, top influencers, and communities. It will also attract a different kind of investor given projects launching on Red Kite go through a robust vetting process, and hand-picked to protect investors’ interests, giving PolkaRare a whole new level of legitimacy.
PolkaRare is a web3 economy that allows any user or a brand to create, trade, and discover NFTs. PolkaRare provides a suite of tools to unlock the full potential of NFTs through commerce and trading markets.
Follow PolkaRare through official channels
Twitter : https://twitter.com/PolkaRare
Telegram : https://t.me/PolkaRARE
Medium : https://polkarare.medium.com/
PolkaFoundry is a One-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems. It's a blockchain built on Substrate, is EVM-compatible, and supports several UX-enabling features for dApps. The blockchain will work as a Polkadot parachain or parathread. Built-in UX-enabling features allow developers to build frictionless UX so that Dapps can approach normal people outside the crypto community. This is the key point for blockchain to reach mass adoption.