CLVs Journey and Technological Milestones
As the famous saying goes, ‘Change is inevitable. It is one process that occurs at all phases of life, and the crypto niche is no exemption. One thing that differentiates crypto space from other spaces is the rapid changes in space. As more changes come into the space to ease the adoption of cryptocurrencies worldwide, projects must work in line with these changes to create the best experience for users in its ecosystem.
CLV is one of such outstanding projects that has evolved to create the best experience for our users. This blog post gives details of our technological advancement so far.
History Of CLV
In May 2020, CLV was birthed after noticing an emerging need for blockchains’ interoperability and compatibility. After several months of development, in February 2021, it was listed as one of the CoinList Seed Winter 2021 alumni. It later successfully held the initial token offering event on CoinList in April 2021.
To boost the existing wallet platforms established, CLV launched an all-new web wallet in October 2021, enabling social login and bringing an easy-of-use crypto wallet to a new level. A total of 350k downloads from all platforms was recorded in November 2021.
Recap of the Parachain Auction
Parachain auctions are held on the Polkadot (or Kusama) relay chain to determine which blockchain will connect to the parachain slot. Once an auction begins, every network project is free to submit its bid to the relay chain.
We chose to be a parachain on Polkadot for the following reasons:
Polkadot achieves scalability at layer 1. It gives parachain developers the maximum possible flexibility. There is shared security and interoperability among all para-objects regardless of maturity. It offers ease of deployment and freedom from platform fees.
CLV won the 5th Parachain slot on Polkadot in December 2021 and this enables CLV to be one of the first to bring full-suite decentralized applications to the Polkadot ecosystem.
The Journey to Conquer Web3 begins CLV Ecosystem Development and Expansion
To further move into the Web3 future, CLV rebranded Clover Finance to CLV. CLV stands for Connectivity, Legibility, and Versatile, and it aims to provide legible, easy-to-use web3 products that accommodate a wide range of web3 users. To create a seamless ecosystem for web3 users and onboard more users into the space.
CLV Ecosystem Milestones So far
In Q1 of 2022, We had our hand in building our strategic alliances with some of the most important and formidable projects like Multichain, Metis, Project Galaxy, OpenDAO, etc. And numerous protocols encouraged the “connect using CLV wallet” option. Within the same months, we achieved more than 150k Twitter followers, recruited more than 20 CLV ambassadors, and formed a collective Web3 alliance With Ethsign, ANKR, Biconomy, Gitcoin, Mask Network, Polygon, and other Web3 players.
In Q2 of 2022, we focused on strengthening our position by building a suite of services that makes it easy for our users and partners to access a range of Web3 features. We successfully launched CLV EVM and released the CLV scan. We partnered with top web3 brands like Momoco, Ojamu, Amara, Huckleberry, Cyberconnect, ONTO, Band protocol, Standard protocol, and Vefi ecosystem. We got featured in Cointelegraph and got mentioned among the top 10 ONTO dApps.
Although the market stagnated in Q3, CLV went ahead to bring more utilities into its ecosystem. In Q3 of 2022, the CLV wallet and cross-chain were upgraded to enhance the overall experience. The mobile wallet dApp portal interface was redesigned, support was added for the REI chain, and more assets were on the extension wallet.
We further partnered with strategic projects in the web3 space, such as Metabit news, Polynetwork, wanchain, Beosin, Killswitch finance, SpaceID, ZKcross, and parallel finance. We also had wallet integration with Moni war, Unstoppable domains, Millionaire land, and other projects.
Our Twitter page got verified, and we kickstarted our TikTok and YouTube pages further to educate people about crypto in general and CLV.
The Long way ahead: Long-term goals
CLV’s team has been working hard, and we look forward to what lies ahead. We aim to achieve more things in the last quarter of this year even as we draw up our plans for next year.
In the coming months, you expect a new design of our website that reflects who we are and what we offer, new products, and feature launches such as the CLV metaverse portal and CLV Asset Management. We also aim to kickstart a boot camp for ecosystem projects as we also work on the wallet to support more ZK blockchains.
Overall, the CLV ecosystem hopes to onboard the subsequent 100 million users into the crypto space and offer them seamless and enjoyable experiences as they navigate their web3 journey.
About CLV
CLV (previously Clover Finance) is a one-stop infrastructure platform for cross-chain and decentralized applications.The CLV chain is a Substrate-based specialized Layer 1 chain that is EVM compatible and cross-chain interoperable. The CLV wallet is a multi-chain all-in-one wallet, for Day-to-Day, DeFi, and Gaming purposes.Featured by Coinlist as one of the most noteworthy projects in 2021 and backed by major industry institutions such as Polychain Capital, Alameda Research, Huobi and OKex’s Ventures Arm, with our multi-dimensional products lineup, CLV uniquely positioned itself as “Passport to the Omniverse”.
