This proposal will authorize the runtime upgrade to Spiritnet v1.7.0.

The release notes can be found in the [KILT GitHub release page](https://github.com/KILTprotocol/kilt-node/releases/tag/1.7.0).

To verify the runtime, you can check the output of the srtool from the release page.

- Pre-image hash: `0xe356c5acb13173181c1c1e53c9da62dbe13e25b4a585267fe7a6e782d93b3687`
- Code hash: `0xaf56d2e00821c085b5eee4f4f234271f32935f5e8629ef9a9c37bb84009a87fc`

The proposal from Subsquid Lab Official outlines ongoing development and maintenance costs for public Subsquid Archives and the Giant Squid API. It covers the provision of archives, a crucial component of Polkadot and Kusama data infrastructure, offering access to on-chain data for various parachains. Additionally, the Giant Squid API provides GraphQL endpoints for exploring relay and parachain statistics, supporting a wide range of projects. The proposal seeks funding for the continued operation and expansion of these services. Overall, it aims to enhance accessibility and usability of on-chain data for developers and users within the Polkadot and Kusama ecosystems.

Polkadot's sponsorship of the two-day Soulbound event during the Bali Blockchain Summit in August demonstrated significant benefits for Polkadot, as evidenced by the aftermovie and other success metrics.

The Bali Polkadot community organized 9 bi-weekly BlockTalk meet-ups, engaging over 270 participants, to share updates on Polkadot, the crypto market, and Blockchain and Web3 concepts.

Establishment of the Polkadot Sanctuary in Bali, providing a rent-free space as a central hub for Polkadot enthusiasts to access resources and foster collaboration.

Five Polkadot Ambassador Candidates have been onboarded to expand Polkadot's network and drive adoption in Bali, with one candidate already becoming a fully-fledged ambassador.

Efforts to persuade the local government to adopt Substrate and utilize the Polkadot ecosystem have been fruitful, creating job opportunities for substrate developers in the region.

The Polkadot community successfully hosted the Polkadot Decoded Viewing Party, drawing 70 attendees and showcasing the technological advancements and possibilities of Polkadot, igniting interest within the local blockchain community.

The Polkadot Sanctuary brand has been established across social media platforms, including Twitter and Telegram, with plans for website reconstruction by year-end.

- There is a proposal to upgrade something called Spiritnet to version 1.7.0.
- You can find more information about the upgrade on the KILT GitHub release page.
- To check if the upgrade is correct, you can look at the output of the srtool on the release page.
- There are two codes called pre-image hash and code hash that you can use to verify the upgrade.
- The tl;dr (too long; didn't read) is a short summary of the proposal.

Upgrade Spiritnet runtime to 1.7.0

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