ChainCatcher news, the full-chain L2 network Parallel Network announced on social media that it will officially close cKSM-related features on July 11. At that time, users will need to exchange cKSM for KSM.Parallel will focus on its core areas and enter a new development phase. Starting from August 5, 2024, Parallel L2 will enter a maintenance phase, during which only withdrawal-related functions will be available. The following pages will enter maintenance mode: Parallel L2 Wallet, Parallel L2 Bridge, Parallel L2 Airdrop Page, Parallel L2 Lending, and Parallel L2 Swap.It is reported that Crowdloan is an on-chain voting and staking product previously developed by Parallel on the Kusama chain. Users can participate in Kusama crowdloans by voting KSM through Crowdloan and receiving cKSM LP tokens issued by Parallel.

ChainCatcher news, according to Business Insider Africa, blockchain technology company Hyperbridge has successfully raised $2.6 million through Polkadot Crowdloan. This new funding will be used to further develop its technology platform. Hyperbridge leverages Polkadot's architecture to unlock new possibilities for decentralized applications (DApps) and enhance the scalability and efficiency of the Web3 ecosystem.