Astar Network Closed $22 Million in Strategic Financing Led by Polychain Capital

TokenInsight news, Astar Network, a multichain smart contract platform on Polkadot, has closed a $22 million strategic funding round led by Polychain Capital with participation from Alameda Research, Alchemy Ventures, Crypto.com Capital and others. Astar Network is a dApp hub on Polkadot that supports both Ethereum Virtual Machine (EVM) and WebAssembly, allowing developers to deploy existing Solidity smart contracts as well as Polkadot native smart contracts. Astar aims to enable a highly compatible and interoperable multichain smart contract hub by connecting multiple L1 public chains and supporting multiple smart contract virtual machines.