Nodle Wins Polkadot Parachain to Advance Decentralized Wireless Network
Nodle, one of the world’s largest decentralized wireless networks that are powered by Bluetooth Low Energy on smartphones, announced they won the 11th Polkadot parachain slot auction.
Nodle leveraged their community and achieved this milestone on March 10th with 7,528 contributions equaling 2.48M DOTs—worth over $42M.
Nodle provides its decentralized wireless network infrastructure from users’ smartphones via the Nodle Cash App.
Polkadot’s blockchain ecosystem recently opened for developers to register their projects as parachains, enabling access to its strong native userbase and interoperability with other blockchains like Ethereum, or its own ecosystem networks.
This new parachain allows Nodle’s token (NODL) to be interoperable with other decentralized applications built on top of Polkadot or other blockchains that connect and benefit from Polkadot’s shared security principles. Acquiring a parachain slot dramatically empowers Nodle’s next-generation capabilities including connectivity, machine-to-machine payments, air-quality monitoring, authenticating and securing devices, asset tracking, and more.
Nodle’s parachain also enables all other chain ecosystems that are interoperable with Polkadot to benefit from Nodle’s incredibly adaptable and expansive network.
Nodle CEO and Founder Micha Benoliel said:
“Having a parachain for Nodle, which offers real world applications to the Polkadot ecosystem, accelerates our network towards even more decentralization and security.” “This makes NODL tokens instantly liquid and usable across all other parachains, dramatically expanding our decentralized wireless network vision. Now, our users not only benefit from Nodle Cash App’s utility, but can interact with decentralized exchanges, money markets, and other DeFi ecosystems.”
Eliott Teissonniere, Nodle’s Chief Blockchain Officer
“The Nodle parachain allows advanced interoperability and cross-chain integrations, which now permits any other parachain and DApps to seamlessly build on top of our network.” “These new functionalities come with an increased security and will be game changers for the Nodle network and the entire blockchain ecosystem.”
About Nodle
Nodle is a decentralized wireless network that provides secure and low-cost connectivity, as well as data liquidity, to connect billions of devices worldwide. The Nodle network is powered by millions of Bluetooth-enabled smartphones that earn Nodle Cash (NODL).
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