peaq integrates Fundrs to bring cross-chain fundraising to Polkadot

peaq, the Web3 network leveraging Machine DeFi and Machine NFTs to power the Economy of Things (EoT), has integrated with Fundrs to unlock cross-chain fundraising for the Polkadot (DOT/USD) developer community.

Fundrs is a decentralised peer-to-peer fundraising platform launched by decentralised finance (DeFi) solutions provider AllianceBlock, while peaq is the first Polkadot-based project to integrate its unique infrastructure.

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Powering Web3 machine economy

According to peaq, the integration will allow developers of decentralised applications (dApps) on the protocol to access vast cross-chain liquidity, based on project reputation and merit.

The functionality, which goes live with peaq’s Agung testnet and will be accessible via the Fundrs app (users can link to their Metamask wallets), will also be available to the larger Polkadot ecosystem as a bridge.

peaq co-founder Till Wendler said in a comment:

“The integration continues a strong partnership between peaq and AllianceBlock, which was forged to power the Web3 Economy of Things using DeFi. Fundrs grants new capital-raising opportunities to teams building on peaq, helping them aim higher and innovate faster.”

The two platforms expect to collaborate more in the future, noting that further integration with AllianceBlock’s stack is set to revolutionise ownership and governance within the Web3 machine economy.

Fundrs originally launched on the Ethereum (ETH/USD) and Avalanche (AVAX/USD) networks, with more integrations expected to follow the expansion to Polkadot.

The project also has partnerships with multiple distributed ledger technology (DLT) and blockchain platforms, including BNB Chain, Polygon, Ocean Protocol, and Hedera.