Composable Finance has won the 13th parachain slot on Kusama, the ‘canary’ for the Polkadot blockchain. The team is developing a parachain on Polkadot (first being architected under the name ‘Picasso’ on Kusama, Polkadot’s Canary Network) that aims to underpin the entire ecosystem and provide enhanced access and utility to parachains.

“You, the community have all shown your support in many ways, particularly by helping us to stake an impressive 115k KSM in the most recent Kusama parachain auction. As a result, Composable is the 13th project to earn a piece of this highly in-demand technology,” it wrote in a post.

Parachains are independent blockchains on Polkadot/Kusama that are interoperable with each other and connect to external networks like Bitcoin and Ethereum via bridges.