Singapore, November 7, 2023 Moonbeam, the top destination for multi-chain applications on Polkadot, has announced an XCM integration with Zeitgeist, bringing the ZTG token to Moonbeam. This integration will enable the flow of liquidity between the Moonbeam and Zeitgeist networks inside Polkadot and remote chains via Moonbeam’s connected contracts.
Zeitgeist is an open prediction market platform built on Polkadot’s Substrate blockchain framework, enabling users to easily create and engage in markets across various domains. With this XCM connection, Zeitgeist brings a dynamic tool for assessing, testing, and implementing changes, which will open up new and novel use cases and collaborations in the Moonbeam ecosystem.
This integration means Moonbeam users can eventually harness the power of prediction markets for governance, decision-making, and data exchange, enhancing the ecosystem’s capabilities for forecasting, decision support, and data-driven applications.
Through innovations like Moonbeam Routed Liquidity and Cross-Chain Message Passing (XCM), Moonbeam serves as a vital hub for the various parachains. This interconnectedness is changing the game for blockchain networks by allowing assets to effortlessly navigate across different parachains, including those linked to Ethereum and other blockchains, bolstering liquidity.
Moonbeam integrations, like this one with Zeitgeist, empower developers to experiment and create, secure in the knowledge that they can effortlessly access resources from different chains, spurring innovation. As a result, the Polkadot ecosystem is becoming more versatile and robust, propelling the growth of DeFi, NFTs, and a host of other blockchain applications.
Zeitgeist is an open prediction market platform that is built with Polkadot’s blockchain framework, Substrate. Zeitgeist is not only building a platform but also an ecosystem for prediction markets. Users, ideas, and markets can be easily created and focused on a variety of vertices. Zeitgeist will give developers an open protocol to create an application that targets their markets.
About the Moonbeam Network
Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot, and more into a single platform, Moonbeam solves today’s fragmented user experience—unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.