BitHotel Integrates MoonbeamNetwork. One of the most innovative and respected Layer 1s: MoonbeamNetwork has been welcomed into the Bit Hotel! Moonbeam-based dApps and Hotel experiences will be developed in collaboration.

The first of these Moonbeam Bit Hotel dApps is now LIVE! By connecting your wallet on bithotel.io and going to the Marketplace you can toggle to Moonbeam to view all Moonbeam’s NFT listings within the Moonbeam & Bit Hotel eco-system.

As the Bit Hotel expands Moonbeam based projects can integrate into the Bit Hotel for gamified user-onboarding to their dApps, host events, raise funds on the Bit Hotel launchpad and much more.

This is just the beginning of a very exciting Moonbeam roadmap in Bit Hotel, wherein players will enjoy exclusive Moonbeam events, rooms, mini-games, dApps, and more.

As the Bit Hotel expands, MoonbeamNetwork based projects can integrate into the Bit Hotel for gamified user-onboarding to their dApps, they will be able to secure funding on the Bit Hotel launchpad, create their own custom conference rooms to host events and much more.

About the Moonbeam Network

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes.

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About Bit Hotel

Bit Hotel a Social-first Play 2 Earn NFT Gaming Metaverse. Hotel Guests aim to compete, collect NFTs, make new friends, & increase both the social & monetary value of their assets. Bit Hotel NFTs have inherent utility in the Bit Hotel metaverse, they consist of Rooms, Characters, Furniture, and other artefacts; with each their own perks. The NFTs have varying rarities and can be trade on the open market as well as in-game.

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DOT Farm Launch Details

The DOT that will be launched on Moonbeam is called xcDOT.

The details of DOT farm launch on StellaSwap is as follows:

• Farms that will Launch: xcDOT-GLMR
• Farms Open for Deposit: 4 May, 16:00 PM UTC
• Farm Rewards go Live: 5 May, 16:00 PM UTC
• Reward Tokens: STELLA & GLMR
• Bridge: None! Feel the power of bridgeless transfers on Polkadot
• Monthly Rewards: North of $150,000

DOT is Finally Coming to Polkadot. Why the Delay?

Before the launch of XCM, the utility for native DOT usage is limited to crowdloan contributions for aspiring parachains auctions. In order for parachains to go live on Polkadot, they need to garner support from the community by going through an auction for leasing a spot on the network.

Why XCM is a Huge Leap for Blockchain Interoperability

In order to understand the potential of XCM, understand that a major limitation of blockchain networks is interoperability; this means that it is hard for a blockchain to interact with another blockchain as they are made differently.

#1: Greater Decentralization

Having numerous application-specific blockchains that communicates with each another through a decentralized main hub leads to greater efficacy, as specialized blockchain networks can instead focus on their business logic rather than the underlying security infrastructure.

#2: Creating More Powerful Products that Streamlines Complex User Experience

Composability; that’s a powerful concept in DeFi that allows the creation of products and services by simply combining various interoperable components to create greater value, just like lego blocks.

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