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Web3 Network Peaq Collaborates with AllianceBlock’s Fundrs Platform

The Web3 network peaq, which drives the Economy of Things (EoT), has now announced its integration with the decentralized peer-to-peer fundraising platform Fundrs. AllianceBlock, a supplier of full stack decentralized financial solutions, has released a new product called Fundrs, which makes it possible for developers creating dApps on peaq to crowdfund on a cross-chain platform based on reputation and merit.

peaq is the first Polkadot ecosystem project to connect with Fundrs, and the broader Polkadot community now has access to its contributor network, which spans the top layer-1 blockchains with market capitalization in the billions. For starters, you may add Agung to your Metamask wallet by downloading the Fundrs app and following this link to peaq’s Agung testnet. Once peaq’s mainnet is online, the integration will be extended there, allowing the Fundrs community to back initiatives working to decentralize actual services.

Till Wendler, Co-Founder of peaq, commented:

“We are delighted to be the first member of the Polkadot ecosystem to integrate with Fundrs, enabling the community to leverage the vast liquidity this platform brings to the table. The integration continues a strong partnership between peaq and AllianceBlock, which was forged to power the Web3 Economy of Things using DeFi. Fundrs grants new capital-raising opportunities to teams building on peaq, helping them aim higher and innovate faster. In the long-term, the continued integration of AllianceBlock’s stack will help peaq to revolutionize how people own and govern machines. There are more integrations to come from this partnership, which we’re excited to share in the future.”

The users of the funding platform Fundrs have the opportunity to get early access to the tokens of the startups pitched by the platform’s founders. The goal of the completely decentralized application is to provide cross-chain communication and finance, therefore bringing the blockchain sector together to expand and improve.

Rachid Ajaja, CEO and Co-founder of AllianceBlock, said:

“We are looking forward to seeing the peaq community list its first projects on the Fundrs dApp. Economy of Things projects aim at tangible, real-world processes and services, which contributors using Fundrs will likely appreciate a lot. Besides that, the integration will also work as our first bridge with the wider Polkadot ecosystem, enabling hundreds of leading Web3 projects to fund-raise across the entire blockchain space.”

Fundrs debuted on Avalanche and Ethereum, and other integrations will be revealed in the following months. Fundrs has partnered with major DLT firms including Ocean Protocol, BNB Chain, Hedera, and Polygon to help the broader blockchain community. In addition, it has formed strategic alliances with leading institutions in the financial and technology sectors, such as Natwest, the London Stock Exchange Group, and AWS Activate.

This news comes as a continuation of the collaboration between peaq and AllianceBlock. To speed up the development of the Web3 machine economy, peaq uses AllianceBlock’s end-to-end decentralized infrastructure to expand the possibilities of peaq’s economic processes.

You may get additional details at https://www.peaq.network/

See www.allianceblock.io for more about AllianceBlock

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