Crypto or blockchain bridges are infrastructure protocols connecting two independent blockchain networks, enabling easy communication between them, thus improving interoperability.

Polkadot’s asset, DOT, could easily fall into the “securities” category. It was used to raise funding for the development of the Polkadot ecosystem many years ago. However, the Web3 Foundation argues that is all in the past. Thanks to the ongoing evolution of the Polkadot ecosystem, its native token now has real utility. In addition, it is part of a broader decentralized ecosystem, resulting in DOT being more akin to “software”.

A tweet on 8 December revealed that&nbsp;<a href="https://ambcrypto.com/polkadots-dot-weekly-roundup-has-these-interesting-insights-for-its-traders/">Polkadot</a> out-competed other networks in terms of ecosystem expansion and development activity. This growth, however, did not translate to the social front as engagements and sentiment for <a href="https://ambcrypto.com/will-dot-continue-walking-on-thin-ice-disregarding-polkadots-milestone/">Polkadot</a> declined.

Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data being released. Uniswap was also higher, despite the turbulent sentiment on Friday.

It came to pass that seven affiliated teams within the Polkadot ecosystem convened in order to make the official announcement that they had come together to form the Polkadot Alliance. Overall, this is an on-chain collective, a factor that will be crucial in the formulation and implementation of a certain set of norms that the concerned community must adhere to.&nbsp;

The <a href="https://ambcrypto.com/could-polkadot-dot-be-the-underdog-coin-that-could-help-your-portfolio/">Polkadot</a> network seems to be concluding November on an interesting note courtesy of its Sub0 conference. The network released an update highlighting some developments that may lay the foundation for its 2023 progress.

Today seven teams from the Polkadot ecosystem announced the formation of the Polkadot Alliance.

Polkadot (DOT), the 11th largest cryptocurrency with an overall valuation of nearly $6 billion, continues to keep its losses in this prevailing crypto winter to minimal levels.

Web3 Foundation is pleased to announce a landmark achievement towards the realization of Web 3.0: the Polkadot blockchain’s native digital asset (DOT) has morphed and is no longer a security. It is software.