Nfts
Sovereign Nature Initiative Launches DOTphin at Decoded 2024, Revolutionizing NFTs
- Sovereign Nature Initiative (SNI) partners with Unique Network and WalletConnect on Polkadot.
- Polkadot benefits from a low carbon footprint and attracts environmentally conscious users and investors.
Sovereign Nature Initiative (SNI) has entered into a strategic partnership with Unique Network and WalletConnect on Polkadot. Their collaboration introduces DOTphin, an ecological multipass that promotes biodiversity restoration. This innovative solution will be officially launched at Polkadot Decoded 2024.
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🐬 Dynamic NFT technology and real impact on marine conservation → @sovereignnature will unveil DOTphin at #PolkadotDecoded 🙌
Check out the announcement for more details and learn how DOTphins scale based on participation in Polkadot events. https://t.co/wxQy1df5QG
— Polkadot (@Polkadot) July 10, 2024
According to a recent tweet, DOTphin is working to provide environmental sustainability by adopting the use of non-fungible tokens (NFTs). These tokens encourage user interaction and have a real positive impact on the environment. DOTphin offers events that promote user engagement and activity, in sync with the development and sustainability of the digital world. The DOTphin pass is equipped with an avatar that is an NFT and that evolves over the course of physical and digital events.
Additionally, Polkadot OpenGov was used to support the community in approving DOTphin. Polkadot Decoded 2024 will take place on July 11th and participants will receive eco-badges for the first phase of DOTphin. These eco-badges will then be used to unlock limited DOTphin NFTs. Additionally, EthCC ticket holders will receive a free Decoded ticket and the first POAP for a trip that supports marine life protection.
Aligning with Polkadot’s green blockchain
DOTphin has the added benefit of being positioned under Polkadot, which is a green blockchain. Polkadot is environmentally friendly and, therefore, ideal for green users and investors. DOTphin highlights that Polkadot has the potential to create positive environmental impacts while expanding the reach of blockchain. use of blockchain technologyThe growth of each DOTphin token is linked to the level of user interaction, combining the principles of Web 3.0 with environmental protection.
Polkadot remains one of the most versatile ecosystems still in existence as it continues to prove its versatility. Recently, Nabatech, a central bank digital currency (CBDC) company, chose Polkadot’s Substrate framework for its digital asset platform. The reasons for this choice Polkadot Substrate include security, coding language, execution, Sybil resistance, organizational process implementation, governance, and interoperability.
Polkadot is also expecting a major improvement with the Joint Accumulation Machine (JAM). JAM aims to improve the networks’ capabilities and performance, and in doing so, strengthen Polkadot’s presence in the blockchain sphere.
Polkadot Expands Influence with New Partnerships in Education and Web3
In addition, Polkadot has signed important partnership agreements with the University of Buenos Aires (UBA) and Archisinal, a real-time Web3 data platform. These partnerships aim to advance the use of blockchain technology and create cutting-edge learning environments.
The University of Buenos Aires has begun to study the possibilities of using blockchain thanks to the partnership with the Polkadot Foundation. The UBA Artificial Intelligence Laboratory (IALAB) will be equipped with a learning environment by the foundation. This partnership, signed in 2023, aims to further promote the creation of a new blockchain solution for university.
At the time of writing, Polkadot is trading at $6.24, up 3% in the last 24 hours. DOT has a market cap of $8.92 billion and a 24-hour trading volume of $135.3 million. DOT’s price ranged between $6.04 and $6.20, opening at $6.10 and gaining $0.10. Its all-time high remains at $56.21.
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