I'm actually very surprised this isn't talked about more but FB appears to be heavily lean on DOT's technology as they've partnered with Pontem to build out PolkaDot based applications for Diem. Her is some text taken from the Pontem website:
"Facebook-backed Diem is creating infrastructure for the financial inclusion of billions. Applications will be accessible to Facebook's 2.8 billion active users on its ecosystem of apps like WhatsApp or Instagram. The first use case will be single and multi currency stablecoins.
Pontem Network is a Substrate-based Move VM Proof of Stake bridge to the Diem Blockchain"
Pontem states they are launching in Q3 - this month or next! It's my opinion that Diem will launch much sooner than anticipated considering they moved their HQ from Switzerland to the US back in May likely b/c their legal team has regulatory clarity from Yellen. Diem is already registered with the Treasury and is why Yellen has been getting chirpy about stablecoins lately - b/c FB is probably pushing them to get Diem launched under the right regulatory structure.
See this for more context behind the Yellen - Diem connection: thestreet.com/investing/regulators-focus-tether-facebook-diem
Furthermore, Diem and PolkaDot branding is everywhere on Pontem's website (see images) and is finished with PolkaDot's purple theme. Also, the Web3 Foundation which is behind PolkaDot supports Pontem. This is important to note b/c this has signoff from FB's top Execs as well as PolkaDot's very own Gavin Wood. By deduction, Gavin and Zuckerberg have already met and at least put their minds together on this - or at least whoever Zuckerberg has appointed to run this endeavor.
The fact Diem is selecting a PolkaDot based substrate to test the most innovative ideas on the frontier of blockchain tech tells you how much conviction someone like FB has in the genius behind DOT (Gavin Wood). This is incredible and I know price isn't talked about much here but as a fundamental value investor - this is as close as to a Buffett crypto you can get considering the amount of vector onramping DOT will have almost instantaneously when Diem launches sometime in the next couple months.
As I stated above Pontem's first parathread is going to launch in Q3 - this doesn't leave much time for Diem to launch either as they will likely launch in parallel.
If you aren't excited for DOT's future after reading this - then I don't know what to say. There is no other crypto or project or company for that matter that has this level of adoption potential with a Total Addressable Market of 2.8 billion users on some of the world's most popular apps like WhatsApp and Instagram. DOT's future just got a lot more interesting and it's going to play out a lot sooner than you realize.
Link to Pontem's website: pontem.network/
"Facebook-backed Diem is creating infrastructure for the financial inclusion of billions. Applications will be accessible to Facebook's 2.8 billion active users on its ecosystem of apps like WhatsApp or Instagram. The first use case will be single and multi currency stablecoins.
Pontem Network is a Substrate-based Move VM Proof of Stake bridge to the Diem Blockchain"
Pontem states they are launching in Q3 - this month or next! It's my opinion that Diem will launch much sooner than anticipated considering they moved their HQ from Switzerland to the US back in May likely b/c their legal team has regulatory clarity from Yellen. Diem is already registered with the Treasury and is why Yellen has been getting chirpy about stablecoins lately - b/c FB is probably pushing them to get Diem launched under the right regulatory structure.
See this for more context behind the Yellen - Diem connection: thestreet.com/investing/regulators-focus-tether-facebook-diem
Furthermore, Diem and PolkaDot branding is everywhere on Pontem's website (see images) and is finished with PolkaDot's purple theme. Also, the Web3 Foundation which is behind PolkaDot supports Pontem. This is important to note b/c this has signoff from FB's top Execs as well as PolkaDot's very own Gavin Wood. By deduction, Gavin and Zuckerberg have already met and at least put their minds together on this - or at least whoever Zuckerberg has appointed to run this endeavor.
The fact Diem is selecting a PolkaDot based substrate to test the most innovative ideas on the frontier of blockchain tech tells you how much conviction someone like FB has in the genius behind DOT (Gavin Wood). This is incredible and I know price isn't talked about much here but as a fundamental value investor - this is as close as to a Buffett crypto you can get considering the amount of vector onramping DOT will have almost instantaneously when Diem launches sometime in the next couple months.
As I stated above Pontem's first parathread is going to launch in Q3 - this doesn't leave much time for Diem to launch either as they will likely launch in parallel.
If you aren't excited for DOT's future after reading this - then I don't know what to say. There is no other crypto or project or company for that matter that has this level of adoption potential with a Total Addressable Market of 2.8 billion users on some of the world's most popular apps like WhatsApp and Instagram. DOT's future just got a lot more interesting and it's going to play out a lot sooner than you realize.
Link to Pontem's website: pontem.network/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.