Phala Monthly Newsletter: May 2023

Phala Network

Published in

Phala Network

4 min readJun 1, 2023

May has been an action-packed month for Phala! Read more about what we worked on this past month.

The team has finished reviewing all Phat Contract Closed Beta submissions. Please claim your rewards in time. You can find detailed procedures here
Phala’s Builders Program received 1 million dollars in PHA token funding to support builders contributing to Phat Contract use cases and standardization. If you are building with Phat Contract, and are interested in technical support and ecosystem growth apply to the program here

🎙️Top News

Phala will be working with Sygma, an interoperability layer that allows the swap of tokens from EVM into substrate-native assets, to develop its DEX aggregator. Stay tuned for more details.
PhatContract mainnet is coming soon! It’s more user-friendly, efficient, and visually appealing than ever before. Building on the success of our closed beta, Phat Contract mainnet introduces exciting new features!

Our Director of Tech Evangelism Joshua showed how to “Deploy a Phat Contract Oracle in One Click” during a workshop at HackaDOT 2023. Watch replay here
If you missed Phala Network Phat Bricks demo at Consensus where we deploy a LensProtocol Oracle, you can check the video out here.

💻Product and Technical Updates

The first worker cluster on the Phala mainnet has been fully set up and is ready for use. Users can now deploy Phat Contract on Phala mainnet!
The official Phat Contract launch, including the release of Phat Bricks, the no-code experience for Phat Contract, is being finalized and will be coming in early June!
The Official Phat Contract launch will be accompanied by the release of the new Phala website, as well as an updated version of our docs.

📈Computing Providers Report

See the statistics below for our end-of-the-month computing power supply update.

🌍Ecosystem

PhalaWorld
Following the launch of PhalaWorld’s marketplace, we have been consistently updating the front-end functionalities to enhance user experience and improve overall functionality, including the activity page, which now records all marketplace activities. Additionally, we are actively developing the necessary features to support delegation NFT transactions, which is currently in progress. Furthermore, we have finalized the next phase of PW’s product strategy and are currently focusing on refining the product functionalities through thorough planning and analysis.
Builders Program

We are excited to announce our first official Phala Builders Program Alumni! The team from privaDEX is one of the first project to building a live app using Phat Contract.
Rewatch our VP of Growth Zoe who got interviewed by Women in Blockchain during Consensus 2023. Watch her elaborate on cool things we are doing at Phala Network!
We will be hosting a Twitter space “Phat Contract in Use- Learn from Phala ecosystem builders” on June 1st. It would be a great chance to learn about Phat Contract use cases and how builders in our ecosystem have leveraged the latest product features.

🍀Community

We hosted our monthly community call on May 17th with Phat Contract launch preview, project updates, a recap of the Phala Team’s trip to Consensus. Listen to the record here
Our former candidate @dabeibleibn became an official Phala Network ambassador!

🙋‍♂️Khala Democracy Governance

Khala Treasury accumulated 43.93MPHA, with 3 new Treasury Proposals and 9 Democracy Referendums.

Details can be found on https://khala.subsquare.io/

📅Upcoming Events

On June 7th, Our Core Developer Wenfeng Wang will be giving a talk on “Programmable Oracle: build your own oracle with no-code” during BUIDL Asia
If you are in Prague for EthPrague, make sure to hit up our VP of Growth Zoé Meckbach who will be in town
Polkadot Decoded is coming up in June and our core team will be there with speaking engagements and side events. Have you registered yet for Polkadot’s flagship conference?
Phala will be participating in various events in the next few months around the world. Stay tuned for details and we are excited to meet you all

About Phala

Phala Network is a decentralised off-chain compute infrastructure like no other. Phat contract, an off-chain programming model running on Phala Network, enables developers to build Dapps with omnichain compatibility, internet connectivity and verifiable computation. These benefits will make your smart contracts even smarter and can be simply integrated via no code or low code developer experiences.

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