Polkadot team to participate in Web3 Summit in Berlin, focusing on blockchain innovations.

From Investing.com

August 16, 2024 1:12:06 pm:

The team behind a crypto industry pioneer will participate in the Web3 Summit ’24 in Berlin from August 19 to 21. The event, organized by the Web3 Foundation, will feature 60 speakers and over 40 talks, focusing on blockchain, decentralized tech, and Web3 innovations.

Attendees can expect workshops, presentations, and a 72-hour hackathon at the Web3 Summit, offering developers the chance to win grants through a prize structure. Community-driven activities like an opening party and happy hour will also be held, with attendees able to claim their POAP badges powered by NFT tech on Polkadot.

Polkadot allocated $87 million in DOT to initiatives within the first half of 2024, with over $36 million going towards marketing and outreach activities. Expenses aim to attract new users, developers, and businesses to the ecosystem, as the community prepares for Polkadot 2.0 with advanced technologies like Async Backing and Elastic Scaling.

After Polkadot 1.0 in July 2023, the community is gearing up for Polkadot 2.0, powered by technologies similar to cloud services like AWS or Azure. The upgrades will provide increased transaction throughput for high-demand projects and cost control options for early-stage projects based on their coretime needs.

Read more at Investing.com: Polkadot to attend Web3 Summit after five-year break By Investing.com