Astar Network Raises $22M in Strategic Round Led By Polychain & Other Great Investors
Astar Network has Raises $22M strategic fundraise with participation from Polychain, Alameda Research, Alchemy Ventures, Animal Ventures, Crypto.com Capital, Digital Finance Group, GSR, ROK Capital, Scytale Ventures, Vessel, Injective Protocol, and angel investors including Dr. Gavin Wood, Richard Ma, Keisuke Honda, and some executives from Web3 Foundation and Parity Technologies.
Astar Network secured a Polkadot Parachain slot last December and launched its mainnet on January 17th, after 2.5 years of development. Astar is the first multichain smart contract platform that allows developers to earn tokens for building smart contracts or infrastructure, #Build2Earn. Stake Technologies, the core company behind Astar Network, previously raised $10M led by Binance Labs and Fenbushi followed by OKX Ventures and Huobi Capital. This round was mainly for US investors and strategic partners, allowing Astar Network to increase its geographical reach.
About Astar
Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts. That’s why it’s important for the ecosystem to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.
