Gear Technologies Raises $12M to Boost Smart-Contract Development on Polkadot ( $0.84 )

Polkadot ( $0.84 ) on its own doesn’t allow contract development as it’s not an application platform but more of a kind of meta-protocol, said Gear Technologies founder Nikolay Volf, who was previously a core developer at Parity working closely with Wood over a six-year period.