
Aventus allies with Scytale in a bid to win a Polkadot parachain slot
The blockchain venture capital and consulting firm will support Aventus realize its goal of becoming fully embedded into the blossoming Polkadot ecosystem.

Cover art/illustration via CryptoSlate
Aventus Network (AvN) recently announced teaming up with Scytale Ventures, a blockchain venture capital firm that will help the Layer 2 solution reach its goal of becoming a Polkadot parachain.
Founded in 2017, Aventus combines the elements of public and enterprise blockchainsâleveraging scale and privacy of a permissioned blockchain with the security and interoperability of public networks.
Built using Substrate
âTheir organic decision to first build on Substrate because of the tech stack, then work with us to join the community dedicated to multichain interoperability, is a testament to the power of Substrate, and will unlock tremendous value for stakeholders. Weâre confident thatâwith our expertise and investmentâAventus will ensure true interoperability with the Polkadot ecosystem, setting an example for others in this space to follow,â commented Mark Cachia, Founder at Scytale Ventures.
According to the announcement, Aventusâ partnership with Scytale Ventures includes a sizable DOT grant, however, the exact value contributed by the VC was not specified.
đŁ Announcing a new partnership with @ScytaleVentures to boost Polkadot Parachain plans đŁ
As reported first by @CoinDesk, the goal of this new partnership is to help bring business-friendly blockchain apps to the Polkadot network.
Read more here đhttps://t.co/PnEQ8zWy3D pic.twitter.com/tmZTfT200j
— Aventus (@AventusNetwork) February 23, 2022
Winning a parachain slot would enable smart contracts, dApps and other assets or utilities on the enterprise chain to be seamlessly and securely transferred between Aventus, Polkadot, and a host of other compatible blockchains.
âImagine a world in which you couldnât send emails from Gmail to Microsoftâor you couldnât view the same webpage on both a PC and a Macintosh. Thatâs the problem facing blockchain right nowâthousands of different projects are built on different languages, and they cannot talk to each other. Polkadot is the solution to thisâbridging different chains and giving them a common language,â said Alan Vey, Co-Founder and CEO of the Aventus Network.
Winning a parachain stot
âIntegrating into the Polkadot family has always been an ambition for Aventus, and with Scytaleâs expertise and capital injection we have the rocket fuel we need to reach our goal of ensuring true interoperability with the wider blockchain community,â Vey added.
In a bid to win an auction for the Polkadot parachain slot, the first batch of projects amassed billions of dollars worth of DOT late last yearâsome from community-based crowdloans, some from VCs that staked tokens to support their pics.
However, as Polkadot auctions advance and more slots are won, the costs of snagging a parachain decrease.
Earlier this month, Aventus celebrated its listing on Coinbaseâcrowning the start of a promising year for the network.
Will the Layer 2 that positioned itself to offer scalability and interoperability to businesses add a Polkadot slot to the list of this yearâs achievements, remains to be seen.