Open HRMP Channels between AssetHub and Crust Network

Executed

We propose the opening of HRMP channels in both directions between AssetHub (ParaID 1000) and Crust Network (ParaID 2008). This initiative aims to enhance interoperability and facilitate asset exchange within the Polkadot ecosystem.

 

About Crust Network:

Crust Network offers decentralized cloud storage solutions, operating as a crucial incentive and service layer atop the IPFS ecosystem. It ensures data availability, accessibility, and redundancy, serving as a cornerstone for decentralized storage markets.

 

Rationale and Benefits:

Our recent collaboration with Polkadot's first Meme project, Pink, underscores the need for direct integration with AssetHub, as Pink's assets are issued on AssetHub. Opening HRMP channels will allow Crust Network to participate more actively in the Polkadot ecosystem by distributing $Pink tokens in community activities, thereby fostering ecosystem growth.

 

Key Advantages:

1. Enhanced Ecosystem Integration: Seamless asset transfers between AssetHub and Crust Network will enrich the Polkadot ecosystem's functionality and user experience.

2. Community Engagement: Access to $Pink tokens will enable Crust Network to incentivize participation and contribution within various community activities.

3. Strengthened Data Solutions: The collaboration will leverage Crust's decentralized storage capabilities, offering robust and secure data storage options for AssetHub's digital assets.

4. Ecosystem Growth: This integration supports the broader vision of Polkadot for a fully interoperable and scalable multi-chain ecosystem, driving innovation and adoption.

 

We believe that opening HRMP channels between AssetHub and Crust Network will significantly benefit both platforms and the wider Polkadot ecosystem. We look forward to your support and collaboration to make this integration a success.

 

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Decision28d
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