- Sovereign Nature Initiative (SNI) partners with Unique Network and WalletConnect on Polkadot.
- Polkadot boasts a low carbon footprint and attracts environmentally conscious users and investors.
Sovereign Nature Initiative (SNI) has partnered strategically with Unique Network and WalletConnect on Polkadot. Their collaboration introduces DOTphin, an eco-friendly multi-pass supporting biodiversity restoration. This innovative solution will officially launch at Polkadot Decoded 2024.
🐬 Dynamic NFT tech and real-world impact via marine conservation → @sovereignnature will unveil DOTphin at #PolkadotDecoded 🙌
Check out the announcement for details and learn how DOTphins evolve based on participation at Polkadot events. https://t.co/wxQy1df5QG
— Polkadot (@Polkadot) July 10, 2024
According to a recent tweet, DOTphin strives to provide environmental sustainability by adopting the use of Non-Fungible Tokens (NFTs). Such tokens encourage user interaction and have a real positive impact on the environment. DOTphin features events that promote user engagement and activity, synchrony with the digital realm’s development and sustainability. The DOTphin pass comes equipped with an avatar that is an NFT and matures through physical and digital happenings.
Additionally, Polkadot OpenGov was used for community support in the approval of DOTphin. Polkadot Decoded 2024 will be held on 11th July, and the attendees will get eco-badges for the first phase of the DOTphin. These eco-badges will later on be used to unlock limited DOTphin NFTs. Additionally, EthCC ticket holders will get a free Decoded ticket and the first POAP for a journey that supports the protection of marine life.
Aligning with Polkadot’s Green Blockchain
DOTphin has the added advantage of positioning itself under Polkadot, which is a green blockchain. Polkadot is environmentally friendly and, therefore, ideal for green users and investors. DOTphin emphasizes that Polkadot has the potential to create positive environmental impacts while also expanding the use of blockchain technology. The growth of each DOTphin token is tied to the level of interaction of users, combining the principles of Web 3. 0 with environmental protection.
Polkadot remains one of the most versatile ecosystems that is still out there, as it is still proving the versatility that it has. Recently, Nabatech, a Central Bank Digital Currency (CBDC) company, chose Polkadot’s Substrate framework for its digital asset platform. The reasons for selecting Polkadot’s Substrate include security, coding language, runtime, Sybil resistance, organizational process enactment, governance, and interoperability.
Polkadot also expects a major improvement with the Joint Accumulation Machine (JAM). JAM is intended to improve the capabilities of networks and their performance, and in doing so, strengthen Polkadot’s presence in the blockchain sphere.
Polkadot Expands Influence with New Partnerships in Education and Web3
In other news, Polkadot has signed significant partnership agreements with the University of Buenos Aires (UBA) and Archisinal, a real-time Web3 data platform. These partnerships aim to advance the use of blockchain technology and create cutting-edge learning environments.
The University of Buenos Aires has now begun to investigate the possibilities of using blockchain thanks to the partnership with the Polkadot Foundation. UBA’s Artificial Intelligence Laboratory (IALAB) will be provided with a learning environment by the foundation. This partnership that was inked back in 2023 is to further enhance the creation of a new blockchain solution for the university.
As of this writing, Polkadot is trading at $6.24, registering a 3% increase in the last 24 hours. DOT boasts a market cap of $8.92 billion and a 24-hour trading volume of $135.3 million. DOT’s price ranged from $6.04 to $6.20, opening at $6.10 and gaining $0.10. Its all-time high remains $56.21.
