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Astar Network, a parachain or parallel chain of the Polkadot network, has announced the $100 million Astar Boost Program fund to provide liquidity and offer financial support and incentive programs to smart contract developers. The company told CryptoX that the program was funded through $22 million in fundraising, as well
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When Gavin Wood co-founded Ethereum, he stated that it would “allow people to interact in mutually beneficial ways without anyone needing to trust each other.” In theory, such a platform would pave the way for Web3, characterized by decentralized or distributed network architectures, that would lay the groundwork for a
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Astar Network, a parachain of the Polkadot network, received $22 million in strategic funding from crypto venture capital firms Polychain and Alameda Research.Astar will use the funding for geographical expansion, the company said in a press release on Friday.Other investors in the round were Alchemy Ventures, Animal Ventures, Crypto.com Capital,
Read MoreBithumb Global, the international spin-off of the Korean-based cryptocurrency exchange, announced the upcoming launch of Clover, a blockchain platform targeted for decentralized finance and powered by Polkadot (DOT) technology.The company says that Clover will be an open platform for DeFi applications, leveraging cross-chain capabilities and connecting decentralized finance to the
Read MoreMuch of the current blockchain ecosystem has been built around traditional concepts. Therefore, it’s not surprising to see crowdfunding mechanisms tailored specifically for blockchain projects that resemble initial public offerings. For example, in 2017, the blockchain space witnessed the rise of initial coin offerings, and while the ICO framework quickly attracted
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