Polkadot Parachain Astar Network Raises $22M From Polychain, Alameda Research

2 years ago

Astar Network, a parachain of the Polkadot network, received $22 cardinal strategical backing from crypto task superior firms Polychain and Alameda Research.

  • Astar volition usage the backing for geographical expansion, the institution said successful a property merchandise connected Friday.

  • Other investors successful the circular were Alchemy Ventures, Animal Ventures, Crypto.com Capital, Digital Finance Group, GSR, Injective Protocol and Scytale Ventures, among others.

  • Astar Network is simply a parachain oregon a parallel concatenation of Polkadot, a model for connecting assorted blockchains.

  • Polkadot’s main relay concatenation does not enactment astute contracts. Astar provides that enactment for astute declaration developers.

  • The Astar web besides allows developers to gain tokens for gathering astute contracts oregon infrastructure, which is supported by the #Build2Earn protocol and pays retired successful ASTR tokens.

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