Welcome to Decrypt’s Week in Polkadot, our regular round-up of the latest developments in the Polkadot ecosystem.
$60 million JAM Prize pool open for applications
The JAM Prize is now officially open for applications. Developers working on implementations of JAM, the next stage in Polkadot’s evolution, will be able to win prizes from a pool of 10 million DOT tokens and 100,000 KSM tokens, roughly $60 million and $1.8 million at the time of writing.
Developers can now find out exactly how many tokens they can expect to win if they can deliver projects which successfully exceed milestones such as importing and producing blocks, achieving Kusama and Polkadot-level performance, and passing security audits.
The @Web3foundation is offering 10M $DOT and 100,000 $KSM Prize Pool for the JAM Implementers’ Prize!🎁
Developers, this is your chance to shine. @Web3foundation is looking for diverse JAM protocol implementations in C, C++, D, Rust, Swift, Zig, Carbon, Fortran Java, OCaml, Go… pic.twitter.com/wmIqdmNXT7
The JAM Implementers’ Prize, courtesy of the Web3 Foundation, seeks to encourage multiple client implementations to boost the network’s resilience. The foundation seeks proposals for JAM implementations in diverse programming languages such as OCaml, Go, and Zig.
Projects written in languages like this are a departure from the current state of affairs, where the majority of Polkadot projects are written in Solidity.
Some of the leading lights in the Polkadot ecosystem, including Web3 Foundation CEO Fabian Gompf and Chief Legal Officer at Parity Technologies Chrissy Hill, took to the stage at Consensus 2024.
The pair discussed recent governance changes in the Polkadot ecosystem and delved into Polkadot’s commitment to decentralization.
🗣️ #Consensus2024 was jam-packed with insights, from @USCHill and @FabianGompf exploring the value of decentralization, to @johnwastaken announcing Mythical Games' collaboration with Pudgy Penguins ✨
Back in October 2023, Parity Technologies made the bold decision to give up Polkadot’s go-to-market function to its decentralized contributors, with the intention of empowering the community to take more control of the project.
Polkadot heads to Southeast Asia
Polkadot will be heading to Bali, Indonesia for Coinfest Asia, Southeast Asia's largest Web3 event. The event will run between the 22nd and the 23rd of August and is expected to attract roughly 6,000 people from 60 countries.
Polkadot will be supporting Mandala Chain, an Indonesia-founded project specifically built to cater to the challenges and opportunities of developing economies, using a parachain hosted on Polkadot.
Polkadot is the Title sponsor of Coinfest Asia 2024 🎉
The Polkadot community voted overwhelmingly 🗳 to pass a proposal by Bali-based @MandalaChain to bring Polkadot to Coinfest, SEA’s premier Web3 event! 🌏
Mandala Chain believes that Indonesia’s huge population—275.5 million and growing— which is relatively young and digitally connected, is the perfect environment for Web3 adoption.
The project looks to link public and private sector use cases, can enable use cases like digital identity, and has already signed partnerships with over 90 banks.
