0
0
Astar 2.0 Vision Unveiled to Revolutionize Web3 Technology
Astar, a renowned smart contract platform operating within the Polkadot ecosystem, has recently announced the launch of its groundbreaking initiative, “Astar 2.0 Vision,” in early July 2023. The primary goal of this initiative is to facilitate the widespread adoption of Web3 technology by empowering users to effectively manage data, privacy, and local communities both online and offline.
Enhancing the Ecosystem
In a bid to bolster its ecosystem and attract a greater number of participants, Astar 2.0 has implemented a series of upgrades focusing on developer tools and token economics. Notable enhancements include a revamp of the native token, ASTR, which involves reducing the inflation rate, introducing additional fee burning mechanisms, and enhancing base rewards for stakers and decentralized applications (dApps).
Moreover, Astar serves as a central hub for chains supporting Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contracts, promoting interoperability through its innovative Cross Virtual Machine (XVM) feature. By bridging the Ethereum and Polkadot ecosystems, Astar aspires to fortify its position in the multichain domain through the introduction of its Layer 2 network, Astar zkEVM.
Empowering Organizations with Astar zkEVM
Astar’s Layer 2 platform facilitates organizations in deploying their services on the blockchain for dApp development by integrating security and scalability enhancements. Leveraging Polygon’s expertise in zero-knowledge technology, Astar zkEVM was meticulously constructed using the Collaborative Development Kit (CDK) provided by Polygon, with a unique link to Polygon’s Aggregation Layer (AggLayer).
Combining the strengths of monolithic and modular blockchains, Astar zkEVM streamlines chain transactions and addresses key challenges associated with current blockchain solutions.
Astar Network’s Expansion into Japan
The official announcement of Astar Network’s expansion into Japan on April 14 marked a significant milestone following strategic collaborations with various Web 3 enterprises. The expansion efforts of Astar also encompass prominent corporate entities such as Sony, Toyota, and UOB Venture Management.
Furthermore, Astar has formed a partnership with the city of Shibuya in Japan, illustrating its commitment to fostering ties with local communities. Founder Sota Watanabe has been actively collaborating with the Japanese government to drive the adoption of Web3 technology, reflecting his role as a director of the Japan Blockchain Association.
With a strong emphasis on partnership building and innovation, Astar is spearheading the development of Astar zkEVM as a platform for Japanese Real World Assets NFTs in collaboration with Japan Airlines, Hakuhodo, and other key industry players. Notably, the upcoming launch of YAOKE Entertainment by renowned figure Yasushi Akimoto is set to revolutionize the entertainment landscape through an idol economy powered by Astar zkEVM tokens.
Astar’s Pivotal Role in Web3 Adoption
The integration of Astar zkEVM with Polygon’s AggLayer has attracted significant interest from investors and developers alike. With the government and traditional corporations in Japan embracing Web3 technology, Astar is poised to introduce millions of Japanese citizens to the transformative potential of Web3.
Image/Photo credit: source url
