The team behind , one of the cryptocurrency industry’s earliest contenders, is set to attend the Web3 Summit ’24 conference in Berlin, August 19-21.
Web3 Summit returns after a five-year hiatus. The event, organized by the Web3 Foundation, will take place at the historic Funkhaus Berlin, attracting over 60 speakers and over 40 lectures.
According to the official program, Web3 Summit will focus on key developments in blockchain, decentralized technologies, and Web3 innovations. Notable speakers include Gavin Wood, co-founder of Ethereum, and Juan Benet, creator of IPFS and , who will provide their perspectives on the future of the decentralized web.
Participants can look forward to a range of activities, including workshops, presentations, and a 72-hour hackathon, the Blockspace Symmetry Hackathon. This hackathon offers developers the chance to compete for top grants through a two-milestone reward structure.
In addition to the main events, Web3 Summit will host community activities, including an opening party on August 19 and a cheerful hour on August 20. Attendees can also collect their Proof of Attendance Protocol (POAP) badges, which are powered by Polkadot’s active NFT technology.
According to its latest treasury report, Polkadot has allocated $87 million from DOT for various initiatives in the first half of 2024.
Marketing and outreach activities took up the largest share of spending, with over $36 million going to ads, events, meetups, conferences, and other initiatives. Doubling the pace from the previous six months, this spending was justified to attract fresh users, developers, and businesses to the Polkadot ecosystem.
After completing work on Polkadot 1.0 in July 2023, the blockchain community is now preparing for Polkadot 2.0, which is supported by advanced technologies such as Async Backing, Flexible (NYSE:) Scaling and Agile Coretime.
These improvements allow Polkadot to operate similarly to cloud services like AWS or Azure. High-demand projects will benefit from increased transaction throughput, while early-stage projects can control costs by only paying for the core time they actually need.
