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PolkaFoundry (PKF) is the one-stop production hub for DeFi and NFT applications on Polkadot. PolkaFoundry has been created to provide for borderless and frictionless DeFi and NFT apps. It has been designed to unleash developers to explore new horizons of the DeFi and NFT landscape.
PolkaFoundry is working to establish itself as the one-stop dApp factory that makes interoperability with NFT, DeFi, and Web 3.0 ecosystems possible.
An interoperable ecosystem is indeed thrilling, and they are leveraging the thrilling ecosystem for true interoperability and unprecedented scalability of Polkadot and Substrate. It provides for a unique UX-which enables features in the dApps that are usable by a much broader population. Being EVM-compatible, PolkaFoundry is straightforward to migrate from Ethereum. There are several built-in made-for-DeFi services that make it easy for DeFi apps to manage identities, store files, and access Oracle data.
The Polkafoundry provides for several use cases like the NFT Auction and Market Places, Open lending platforms, cross-chain Dex, DeFi Derivatives, Decentralized Insurance, and prediction markets.
The external data providers to Polkafoundry are Chainlink, Kylin, Paralink, Orao, and others. The Polkafoundry Blockchain has the substrate, EVM, and US Features. Polkafoundry DeFi Services consists of PolkaID, DocuGuard, and PolkaGate. The Relay Chain consists of ParaChain, DeFi utilities, and Bridges.
Polkafoundry feels that the usage of dApps inside a small crypto circle ruins the user experience due to foreign and complex concepts. Signing key, flexible player, and PolkaID are used to solve DApps UX issues.
Signing Key is used instead of the private key. Every signing key has an expiry time and a limited set of permissions. DApps pays transaction fees for users in a decentralized manner. Thus, providing for flexible monetization strategies like free, freemium, and pay-to-unlock and in-dapp-purchase models. Eventually, onboarding users becomes seamless.
The PolkaID encrypts a user’s key, splits it into parts, and then distributes the keys to multiple independent and secure key management services. Thus, the users do not have the burden of keeping the keys from users. Also, it prevents illegal access from any single central authority.
The Roadmap covers for BizNet, Polkadot, Mainnet, and DAO. Those who want to create their first app on the Polkafoundry Testnet should check the documentation of guides and references to get started with. Then other activities around creating a wallet, Devtools, Brittle, studio, and explorer.
To get PolkaFoundry, users should register on the Fiat to Crypto exchange, buy Ethereum (ETH) with fiat money, transfer ETH to Altcoin exchange, deposit ETH, and trade PKF.
