Polkadot Partners With Founder Institute, Enhances Scalability With Asynchronous Backing

According to CryptoPotato, Polkadot has recently partnered with the Founder Institute to launch a Web3 cohort and introduced Asynchronous Backing to enhance scalability. The blockchain protocol's ecosystem continues to advance due to frequent improvements in its operations and vital partnerships. The Founder Institute, a leading business incubator that turns ideas into fundable startups, described the collaboration as groundbreaking and the start of an exciting chapter related to the launch of the first Web3 cohort in its Core Program. The program's launch is set for May 28, and it will be guided by top experts from the Polkadot community. Earlier this month, Polkadot enabled Asynchronous Backing on the network, a mechanism designed to improve the scalability and efficiency of the entire ecosystem. This mechanism represents an optimized approach for how parachain blocks are validated by the central chain – Relay Chain. The team revealed that blocks are produced twice as fast, and available block space was boosted by 6-10 times following the upgrade. This enhancement boosts throughput by 8x, without sacrificing security, paving the way for supporting Web3 applications across verticals such as gaming and DeFi. Another significant development is the release of the Join-Accumulate Machine (JAM) Gray Paper, a technical upgrade that outlines an innovative approach for improving the performance and scalability of blockchain networks, particularly in the context of Polkadot’s ecosystem. The blockchain protocol is also exploring external partnerships, such as a potential deal with the American soccer club Inter Miami. Nico Zini, the team’s commercial manager and in charge of TV rights, revealed that both sides may join forces on an $8.8 million sponsorship partnership. Some of Polkadot’s parachains, individual blockchains that run in parallel with the Polkadot ecosystem, have also advanced lately. The Acala Network completed the Sinai Upgrade at the beginning of May, aiming to strengthen security measures, empower the community to participate in governance decisions, and improve Acala’s capabilities to interact seamlessly across different blockchains. The Moonbeam Network introduced the Moonbeam Odyssey Program Trials, which emphasizes community involvement with various events and educational initiatives.