Astar
ASTR
| Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
| Strategic | $22M | -- | Jan 28, 2022 | |
| -- | $10M | $140M | Jun 11, 2021 | |
| -- | $3M | $88M | Feb 09, 2021 |
| Project | Funding Status | Region | Categories | Ecosystem | Founded | Token Issuance |
|---|---|---|---|---|---|---|
 Subsquid | Seed | Dev Platform Blockchain API Infra | Acala Ethereum Berachain Polkadot Boba Polygon BNB Chain Avalanche Neon Aleph Zero Fantom SKALE | Jan 01, 2021 | With Token |
Astar Network is a decentralized application (dApp) hub on Polkadot designed to enable seamless cross-chain interoperability and support for multi-chain smart contracts. As Polkadot’s Relay Chain itself does not support smart contracts, Astar fills a crucial role by providing a parachain that supports both Ethereum Virtual Machine (EVM) and WebAssembly (WASM) environments, allowing developers to build and deploy dApps that can operate across various blockchains.
This unique infrastructure lets EVM and WASM smart contracts co-exist and even interact, making Astar an attractive platform for developers seeking a versatile environment. In addition, Astar supports Layer-2 scaling solutions such as ZK Rollups, positioning itself as a forward-thinking platform that addresses scalability and interoperability challenges within Web3.
Through features like dApp staking, Astar incentivizes both developers and token holders by allowing developers to earn rewards based on the dApp’s usage. This not only encourages innovation but also creates a sustainable ecosystem where projects can thrive. Astar's ecosystem has attracted partnerships with major Japanese companies like Sony and Toyota, highlighting its influence and potential to drive Web3 adoption in various industries.
Astar’s vision is to become a multi-chain smart contract platform capable of bridging blockchains and virtual machines, providing the Polkadot ecosystem with a fully integrated, developer-friendly solution for the next generation of dApps.