DeFi Project Bluzelle Enters Polkadot Ecosystem

The decentralized data network Bluezelle is working closely with the Web3 Foundation in order to further its services and provide them to the Polkadot Ecosystem.

This will supposedly deliver distributed storage solutions to projects that are building on top of Polkadot’s Substrate framework.

Bluezelle Enters Polkadot Ecosystem

According to a press release shared with CryptoPotato, the popular DeFi project, Bluezelle is working with the Web3 Foundation. This will allow it to provide services to the Polkadot ecosystem, enabling developers building on its Substrate framework to use distributed storage capabilities.

The Web3 Foundation that’s led by the founder of Polkadot, Dr. Gavin Wood, funds a variety of research and development teams who build the technology stack for the decentralized web.

These efforts are mostly oriented toward Polkadot. It offers cross-chain compatibility that supports applications ranging from gaming to DeFi. By connecting these projects to a distributed storage provider, Bluezelle will accelerate the Web3 transition.

An Overall Alignment

Per the release, Bluezelle is a blockchain-agnostic dApp solution, and its architecture aligns with that of Polkadot. This should free developers to launch new parachains and retain access to a reliable data network.

Additionally, Bluezelle’s Oracles, which help project store dApp data in a decentralized manner and also store and reference historical prices, can be used for apps built on Polkadot.

The data delivery network of Bluezelle should enable dApps to realize their potential by removing their inherent need to rely on centralized data centers. On the other hand, Polkadot’s scalable sharded blockchain is designed to support cross-chain compatibility and is suited perfectly for launching dApps.

Hence, Bluezelle will provide a backbone to support innovation while also positioning itself at the heart of the overall Web3 movement.

The post DeFi Project Bluzelle Enters Polkadot Ecosystem appeared first on CryptoPotato.

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