✏️ Creating the Necessary Protocols for Web3

Sukanya Ganesh -

Today's Highlights

  • Astar - making infrastructure to allow user control over their data, rights, and destiny
  • This Week On BuzzBelow - a recap on this week's topics.
  • In Other News - a few interesting developments we're tracking.

Astar - making infrastructure to allow user control over their data, rights, and destiny

Astar is a Polkadot based multi chain smart contract platform enabling developers to set-up connections and interact with the core Polkadot ecosystem. The network provides support for multiple blockchains and virtual machines like Ethereum Virtual Machine (EVM). Astar has their core values that includes supporting the developers and overall ecosystem.

Astar Network has unveiled a fresh partnership with Web3 development platform Alchemy. Through this new initiative, developers will be able to access Alchemy’s Supernode API to build advanced decentralized applications (dApps) and implement functionalities that were previously unavailable across Astar and Polkadot.

Besides simplifying the process for developers to build a wide range of decentralized applications on Polkadot’s primary parachain, Astar Network, will also enable developers to leverage Alchemy’s advanced monitoring and analytics capabilities to achieve maximum scalability.

In addition to the Supernode API, this collaboration will also expand to support Astar Network’s Build2Earn initiative. Astar Network is the only Polkadot parachain that enables token holders to stake tokens on their favorite dApp, meaning web3 developers can earn a basic income through staking rewards. The Build2Earn project enables users to stake their tokens in dApps they prefer and earn staking rewards in return. Through the Build2Earn model, a portion of the total rewards from each successful block will be split between the dApp developers and the users who have staked their tokens in the dApps, thereby creating a circular incentive for the entire community.

Sota Watanabe is the founder and CEO of Astar. Astar has raised a total of $24.4M in funding.

This Week on BuzzBelow

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