The Future of Multichain Smart Contracts. Astar is Japan’s most popular smart contract platform supporting both EVM and WebAssembly (Wasm) environments, and interoperability between them using a Cross-Virtual Machine. Astar Network is friendly to all kinds of developers, and the tools and languages they already know. Backed by the shared security of Polkadot, Astar shines brilliantly on its own within a vibrant and healthy ecosystem, and in the blockchain industry overall driving international corporate adoption, and consumer interest in Web3 technologies. Astar’s dApp Staking program #build2earn is designed to grow the network in an innovative way, while simultaneously rewarding participants and builders. It allows developers to earn incentives for building and maintaining their decentralized applications, and users to earn incentives for supporting their favorite projects, all while encouraging growth of the ecosystem overall.

Astar Network

Revolutionizing the Sports Industry: The Convergence of Blockchain and NFT Technologies Blockchain technology and its derivative, , has ushered in a new era of digital innovation, transcending traditional boundaries and redefining the concept of value in the digital realm. In the sports industry, this technological convergence promises to catalyze profound changes, offering unprecedented opportunities for engagement, monetization, and fan interaction. This article examines the intersection of blockchain and NFTs within the sports sector, highlighting the mechanisms through which these technologies enhance transactional efficiency and facilitate the creation of novel applications. NFTs Non-Fungible Tokens: Redefining Digital Ownership NFTs represent unique digital assets, verifiable through blockchain technology. Unlike cryptocurrencies, NFTs cannot be exchanged on a like-for-like basis, making them perfect for representing ownership of distinct digital items, such as sports memorabilia, tickets, and participatory experiences. Enhancing Transaction Efficiency The integration of NFT development tools with blockchain technology significantly improves transaction efficiency within the sports industry. By leveraging smart contracts, transactions become automatic, secure, and instantaneous, reducing the need for intermediaries and lowering transaction costs. Innovating Through NFTs The creation of sports-themed NFTs opens up new avenues for fan engagement and revenue generation. The case study of the baseball-themed NFT game illustrates how such applications can offer unique experiences, such as digital batting practice, where players earn NFT emblems. This not only enhances the fan experience but also introduces a new model for sports memorabilia and athlete-fan interaction. Promoting Sports Engagement Web3 technologies foster a more interactive and engaging sports ecosystem. Through NFTs, fans can own a piece of their favorite sport, participate in exclusive events, and directly support athletes and teams. This deeper level of engagement strengthens the bond between sports entities and their audiences, potentially increasing fan loyalty and participation. Supporting Service Development The flexibility and security of blockchain technology enable the development of diverse services within the sports industry. From ticketing solutions to athlete management systems, blockchain and NFTs provide the infrastructure necessary for innovative service offerings, enhancing the overall value chain. This author is an independent contributor publishing via our brand-as-author program. Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: Transforming the Sports Industry: A Leap into the Future with Blockchain and NFTs In sports, an industry historically grounded in physical interaction and experience, blockchain and NFTs introduce a novel dimension of fan engagement, asset tokenization, and operational efficiency. Deloitte Tohmatsu Group's adoption of Astar zkEVM for developing a baseball-themed NFT game underscores a strategic move towards encapsulating sports moments and memorabilia within the blockchain. Blockchain and NFTs: A Synergy of Digital Innovation Blockchain technology's decentralized nature ensures security and transparency, while NFTs offer a unique method of digitizing and owning assets. Together, they provide a robust framework for creating, trading, and managing digital assets in a manner that is both secure and verifiable. Astar zkEVM: Bridging Traditional and Blockchain Gaming Astar zkEVM leverages Ethereum's Layer 2 scaling solutions and zero-knowledge proofs to enhance transaction efficiency and privacy. This technology not only reduces gas fees and transaction times but also opens up new possibilities for complex applications, including sports-themed games and digital collectibles. Enhancing Transaction Efficiency in Sports The deployment of Astar zkEVM by Deloitte Tohmatsu Group signifies a milestone in streamlining transactions within the sports industry. This enhancement is crucial for real-time trading of sports NFTs, ticketing, and merchandise, thereby elevating the fan experience and operational fluidity. Pioneering the Baseball-themed NFT Game The development of a baseball-themed NFT game exemplifies innovative application creation, marrying the thrill of sports with the digital ownership and trading of NFTs. This game not only enhances engagement through interactive gameplay but also introduces a digital economy around sports memorabilia and achievements. Economic and Social Implications The initiative carries significant economic potential, driving new revenue streams for sports organizations and athletes. Socially, it democratizes sports memorabilia ownership and fosters a deeper connection between fans and sports entities. Moreover, it exemplifies the potential of blockchain to contribute to regional revitalization by engaging local communities in global sports narratives. The foray of Deloitte Tohmatsu Group into blockchain and NFTs through the Astar zkEVM blockchain marks a significant advancement in the sports industry's digital transformation. By fostering innovative applications and enhancing transaction efficiency, this initiative not only enriches the fan experience but also sets a precedent for the future of sports engagement and digital asset management. This exploration underscores the transformative potential of blockchain and NFTs in redefining the sports industry, offering a glimpse into a future where digital and physical realms converge to create unprecedented sports experiences and economic opportunities. Don’t forget to like and share the story!

Deloitte Tohmatsu and Astar Network Hit a Home Run with Blockchain Technology in Sports

Astar Network's Plan for Seamless Interoperability in the Blockchain Space Welcome to "Behind the Startup," a series where we delve into the journey and vision of the pioneers revolutionizing the tech landscape. In this edition, we had the opportunity to speak with Greg Luneau, the Senior Integration Developer of Astar Network. With a rich background in cryptography and blockchain, Greg sheds light on Astar Network's inception, its role as a smart contract hub for Polkadot, and the unique features that set it apart from other blockchain projects. Join us as we explore the inner workings of Astar Network and discuss its ambitious plans for the future. Fueling Astar Network's Growth and Developer Incentives Ishan Pandey: Hi Greg, welcome to our series “Behind the Startup.” Please tell us about yourself and your journey to becoming the Senior Integration Developer of Astar Network? Greg Luneau: It all started with the integration of public and private key cryptography into the e-commerce platform of the Smithsonian Institute. This led me to register a US patent for transferring credit card numbers over the Internet. Jump 20 years and I'm working with blockchains first with Steem/Hive, then with EOS and finally with Polkadot. I had the opportunity to work with Acala and connect most chains at the time with HRMP channels for the goal of composability through XCM. And now, with Astar, I have the opportunity to realize that vision of integrating the very best that every para chain has to offer. Ishan Pandey: How did the Astar Network team come up with the idea of developing a "smart contract hub" for Polkadot, and what motivated you to pursue this project? Greg Luneau: For a nascent ecosystem like polkadot, developer tooling is essential. We saw that Wasm was the future and developed tools like Swanky & Sumi. Polkadot, as a relay chain only does security, it needs an L1 for smart contract execution and that's us. Think of solidity as the language for the EVM, and now ink! is the language for building smart contracts on Wasm. We're bridging the gap between the EVM and Wasm, figuratively and literally, with the XVM project. Ishan Pandey: Can you explain how Astar Network functions as a parachain for Polkadot and how it enhances the capabilities of the Polkadot ecosystem? Greg Luneau: We're a smart contract platform. Both EVM virtual machine and Wasm are supported; we're the glue between the Polkadot ecosystem and continuously work on the proof of concepts to connect with other para chains through XCM and execution transactions remotely. Ishan Pandey: The native token of Astar Network is "ASTAR." Could you elaborate on its utility and the role it plays within the ecosystem? Greg Luneau: ASTR tokens are required to pay for network resources and use decentralized applications on Astar Network. More importantly, Astar has a unique and innovative incentive mechanism for developers called dApp Staking, which leverages ASTR token inflation to maintain the ecosystem's growth while rewarding builders and participants simultaneously. We have a program called Astar SpaceLabs to support developers building on Astar Network. Our community leaders and members of the Astar team lead it. Ishan Pandey: With the growing concerns surrounding data privacy, how does Astar Network ensure user data remains secure while maintaining the efficiency of its blockchain? Greg Luneau: Being connected as a parachain means we inherit all the security of Polkadot for block production. Astar is working hard to develop and promote the light clients for developers and users. IP harvesting, for example, is a privacy issue that RPC could be doing by choice or edict. Developers could, through smart contracts and XCM, connect to other para chains that offer roll-ups or off-chain workers and utilize those privacy-enhancing features for their dApps. Ishan Pandey: How does Astar Network plan interoperability, which is a problem often faced by other blockchain projects? Greg Luneau: Traditionally, blockchains were isolated from one another due to technical limitations. However, with the progress made in bridge technology and layer 0 interoperability protocols, it is now possible to transfer tokens between blockchains, which has led to a greater variety within the ecosystem. Additionally, we have our Cross Virtual Machine (XVM). It is a new feature that our team is working on because we believe EVM is a great tool, but we also want to create something new with Wasm smart contracts. We’ll introduce how we will expand ‘Web3’ to the larger digital landscape at our upcoming event: . Wasm Launch Day Ishan Pandey: What partnerships and collaborations has Astar Network established to help expand its ecosystem and adoption across various industries? Greg Luneau: We continue to integrate with many advanced projects that can help us create a multi-chain ecosystem–cross-chain communication, new applications, and gaming. Recently we’ve had three important collaborations that will incubate the next wave of blockchain adoption: our web3 Hackathon sponsored by Toyota, Web3 Incubation Program with Sony Network Communications, and ink!ubation program with Polkadot. This means our developers have access with ample funding and close connections with different industries. Ishan Pandey: Can you share some insights into the future roadmap of Astar Network, and what new features or developments users can expect in the coming years? Introducing new tools to Astar mainet is on the short-term roadmap. This includes fully functional XVM, more cross-chain integrations, and making it possible for any developer to build a decentralized application. Astar is the first parachain that allows developers to build ink! smart contracts. Over the coming years, we will improve opportunities for blockchain developers with new on-chain features and add an ecosystem of dApps that anyone can use. You can follow our progress on . Greg Luneau: Astar homepage Starmap Ishan Pandey: Recently, the collapse of Silicon Valley Bank has sent shockwaves through the financial industry. What is your perspective on this event, and how do you think it will impact the blockchain and cryptocurrency space moving forward? Greg Luneau: It is essential that we decentralize everything in the blockchain space. As Gavin Wood mentions, otherwise, we will face greater regulatory scrutiny to say it lightly. We need to strive to remove all single points of failure, avoid all centralized traps and follow the footsteps of our cyberpunk forefathers to bring freedom to all. Don’t forget to like and share the story! : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program

Bridging the Gap: How Astar Network Enhances the Polkadot Ecosystem

Cerrando la brecha: cómo Astar Network mejora el ecosistema de Polkadot

Combler le fossé : comment le réseau Astar améliore l'écosystème Polkadot

गैप को पाटना: कैसे एस्टार नेटवर्क पोलकाडॉट इकोसिस्टम को बढ़ाता है

ギャップを埋める: Astar Network が Polkadot エコシステムを強化する方法

Preenchendo a lacuna: como a Astar Network aprimora o ecossistema Polkadot

Thu hẹp khoảng cách: Mạng lưới Astar tăng cường hệ sinh thái Polkadot như thế nào

弥合差距：Astar Network 如何增强 Polkadot 生态系统

Major Corporations Drive Adoption and Development of Decentralized Technology The presence of large corporations in Web3 a transformative change in the tech industry by adding credibility and financing to the field. Their resources and knowledge boost Web3 innovation, resulting in the creation of better tools and services for users. marks This increased participation also expands awareness and understanding of Web3, attracting more investment and talent to the industry. As Web3 continues to grow and mature, the impact of these large corporations on Web3’s development and adoption will likely become even more significant. Understanding the Importance of Web3 Hackathons in Startup and Blockchain Culture Web3 Hackathons a vital role in fostering innovation by bringing together individuals with diverse backgrounds and skills. Participants are given a limited amount of time to work together on a project and come up with innovative solutions to various challenges. play The fast-paced and intensive environment of Web3 hackathons promotes creativity and encourages out-of-the-box thinking, leading to unique solutions as these events bring together developers, designers, and entrepreneurs to build decentralized applications (dApps). , and are a few successful implementations of web3 hackathons that have fostered creativity and unique solutions to DeFi-based problems previously. ETHGlobal Hackathons Binance X DEX Hackathon DoraHacks Web3 hackathon Astar Network Partners with Toyota for Intra-Company DAO Support Tool Development , the Japanese multinational automotive manufacturer, is sponsoring its . The company, with over 330,000 employees worldwide, has chosen , a smart contract platform, as the provider of Web3 use cases. The aim of the hackathon is to build a DAO support tool that would improve the company's operations, increase transparency and efficiency. Developers from around the world are invited to participate and create the tool on Astar Network. The platform will provide the necessary environment and support for product development. Toyota Motors Corporation first-ever global Web3 hackathon Astar Network : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program The theme of the hackathon is to develop a DAO support tool for companies, with the objective of reducing managers' workload and allowing team members to have a greater impact on company growth. With the increasing demands of business decision-making and team management, the use of a DAO to manage projects can distribute decision-making among participants, making it more efficient and reducing the burden on managers. This hackathon marks Toyota's first step towards its technology to improve its operations, and Astar Network is proud to be part of this initiative. The outcome of this hackathon could have far-reaching implications for the use of Web3 technology in the business world. vision of using Don’t forget to like and share the story! Raivis Razgals. Image credits:

Astar Network Partners with Toyota to Launch Global Web3 Hackathon

Decoding Blockchain 101: Why Smart Contracts Matter for Product Developers are considered revolutionary because they allow for the automation of complex processes and the creation of self-executing transactions without the need for intermediaries. This can lead to greater efficiency, transparency, and trust in transactions. From a product development perspective, the use of smart contracts can streamline the development process and allow for the creation of new, decentralized applications that were previously not possible. Smart contracts However, there are also some challenges and limitations to consider when using smart contracts. One of the main issues is that they are immutable, meaning once they are deployed, they cannot be changed. This can be a problem if there are errors in the code or if the contract needs to be updated to reflect changes in regulations or market conditions. Therefore, choosing the right technology stack and the tools to be used is critical. Additionally, smart contracts rely on the accuracy and integrity of the data input into them, which can be difficult to guarantee in decentralized systems. Finally, smart contracts are still a relatively new technology and the legal and regulatory framework for their use is still being developed. In summary, smart contracts hold a lot of promise for improving efficiency, transparency and trust in various industries, but there are also challenges that need to be addressed in terms of immutability and data integrity. What are WebAssembly-based smart contracts and Why is it Critical for Blockchain Development? ) is a binary instruction format for a stack-based virtual machine that is designed to be faster to execute than the equivalent code running in a traditional interpreter. WASM is designed to be platform-agnostic, so it can run in various environments, including web browsers and servers. WebAssembly (WASM WASM smart contracts are smart contracts that are implemented using the WASM instruction set. They can be run on a blockchain or other decentralized platform that supports WASM. These contracts are designed to be fast and efficient, making them well-suited for use in applications that require high performance, such as dApps and other blockchain-based systems. Astar Network launches Cross-Virtual Machine on public testnet, enabling cross-chain interoperability and complex application development launching its Cross-Virtual Machine (XVM) on the public testnet Shibuya is a significant development for the company and for the field of smart contract technology more broadly. Astar Network : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking. The author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program One of the main benefits of XVM is its ability to enable bi-directional calls between Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contracts. This can allow for greater interoperability between different smart contract environments, and enable projects on the Astar Network layer-1 blockchain to seamlessly interact with other platforms. Additionally, the use of WebAssembly is becoming more popular among developers, as it can be used with a variety of programming languages such as C/C++, GO, TypeScript and RUST, allowing them to work with languages they already know. This could facilitate more developers to work with this technology, speeding up the innovation of smart contract development. The potential for XVM to allow for more complex applications beyond just bridging liquidity between EVM and WASM is also noteworthy. Enabling the ability to prove ownership of assets in one smart contract environment from a different account scheme, means developers don't need to create a new wallet for each environment to control assets, which can be useful in certain cases. Don’t forget to like and share the story! Image credits: . Shubham Dhage

Astar Network Launches Cross-Virtual Machine (XVM) on Public Testnet Shibuya

Astar Network lanza Cross-Virtual Machine (XVM) en la red de prueba pública de Shibuya

Astar Network lance une machine virtuelle croisée (XVM) sur Public Testnet Shibuya

एस्टार नेटवर्क ने पब्लिक टेस्टनेट शिबुया पर क्रॉस-वर्चुअल मशीन (एक्सवीएम) लॉन्च की

Astar Network が公開テストネット渋谷でクロス仮想マシン (XVM) を開始

Astar Network lança Cross-Virtual Machine (XVM) na Testnet pública Shibuya

Mạng Astar ra mắt Máy ảo chéo (XVM) trên Testnet công khai Shibuya

Astar Network 在涩谷公共测试网上推出跨虚拟机 (XVM)

Why Crypto is Back in the News in Japan The political elite of Japan wants to usher the country into the Web3 age with little bureaucratic red table to bring investments and create a friendly regulatory environment for blockchain startups in Japan. Several lawmakers have this year to advance crypto and Web3 policy by issuing studies and proposing revisions to current legislation and regulations. Fumio Kishida, Prime Minister of Japan, identified Web3 as a foundation of economic transformation at the beginning of the year, which kicked off the fast advancement of the crypto industry in Japan. This move by the Prime Minister has changed the perception of crypto in Japan as regulators and political elites warm up to crypto. taken the initiative In November of 2021, Liberal Democratic Party (LDP) candidate Kishida became prime minister of Japan, where his Web3 vision coincides with his administration’s goals of economic revival and revitalization. , blockchain, NFTs and Web3 have the potential to bring private investment back to Japan and help him deliver on his promise of economic expansion and more evenly distribution of wealth in the Japanese society. The change in the regulatory landscape has increased the bullishness toward crypto in Japan, a piece of exciting news for entrepreneurs looking to break into the Japanese market. According to Kishida https://twitter.com/TAIRAMASAAKI/status/1486143128113676294?embedable=true Understanding Why Japan is Critical for the Success of the Cryptocurrency Industry Japan’s crypto asset sector has seen a rise in interest and trading volume in recent years. As per Statista, in Japan, the traded in the 2020 fiscal year reached 117.97 trillion yen, an amount which showcases that crypto adoption in Japan may not be far from the reality due to continued trading interest from retail investors. Additionally, the total value of all trades on the spot market reached about 20.61 trillion yen, whereas all margin trades were 97.4 trillion yen, approximately five times as much, indicating that Japanese traders are interested in trading cryptocurrencies on leverage to maximize their profit potential. Banking on the trading interest, the political elite is trying to capitalize on Japanese traders’ interests by creating regulations protecting investor interests. total value of all cryptocurrencies About three million people in Japan held crypto assets on crypto exchanges in 2021. People in their forties made up the bulk of account holders, with those in their thirties coming in a close second. BitFlyer, Coincheck, and GMO Coin were three of Japan’s most important cryptocurrency exchanges. However, the current regulations in Japan are stringent in nature due to which Japanese cryptocurrency exchanges include fewer assets than their foreign counterparts due to strict laws restricting the listing of new cryptocurrencies, even though cryptocurrencies are growing in popularity in Japan. A self-regulatory authority for the cryptocurrency sector, the Japan Virtual and Crypto assets Exchange Association, issued a “green list” of virtual currencies that do not need to be screened before being listed by brokerage firms in 2022, making it easier for virtual asset platforms to list cryptocurrencies. Such business-friendly moves by industry stakeholders are bringing Japan back on the map for blockchain startups and investors as a favourable jurisdiction for setting up businesses. Further, Japan officially stablecoins as a form of legal tender on June 3, 2022. The Financial Services Agency (FSA) of Japan drafted the first version of the law in December 2021. By March of 2022, it had made it into Parliament, where it received overwhelming support. The legislation’s principal goal is to safeguard investments and will take effect in 2023 - a regulatory step that aims to bring back blockchain investors to Japan. As Japan is the third largest economy in the world, such regulatory developments are playing a huge role in cementing the crypto industry in Japan. recognised and legalised What is Happening? By bringing together the leading companies in Japan to collectively usher in the future of Web3, , a smart contracts platform, broke a world record by publishing a national newspaper advertising with the largest brands in a single ad. The September 26 issue of Nikkei featured advertising from 329 blue chip firms backing cryptocurrencies. Astar Network According to the Japanese Blockchain Association, Astar Network is Japan’s most widely used blockchain on the Layer-1 technology stack. The Nikkei newspaper includes an advertisement with a QR code in the bottom right corner that may be scanned to acquire a free, non-transferable NFT. If a user does not have a wallet address, the QR code will create one for them. This move is a marketing masterstroke critical for increasing the adoption of NFTs in Japan and introducing millions of people to the NFT industry. : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking. The author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program Presently, Web3 is a critical component of the Japanese government’s national policy. Astar Network CEO Sota Watanabe is guiding the government and many major Japanese corporations toward success in this area. Web3 represents a significant chance for the nation to increase its GDP. Large financial institutions and well-known corporations like GMO, DeNA, Accenture, Microsoft, Amazon Web Services, and others support the plan because they want to see Japan succeed in increasing the adoption of blockchain and cryptocurrencies among Japanese citizens. What is Astar Network? The Astar Network allows developers to create decentralised applications using EVM and WASM smart contracts and provides them with real interoperability through cross-consensus communications (XCM).  Astor Network is built by developers for developers. Astar’s innovative Build2Earn approach enables developers to be compensated for their work through a decentralised application (dApp) staking mechanism. With the backing of all major exchanges and tier 1 VCs, Astar’s dynamic ecosystem has emerged as Polkadot’s dominant Parachain internationally. Astar gives developers the versatility of all Ethereum and WASM toolings to create their dApps. Top TVL dApps may use an incubator hub from to help their development on the Polkadot and Kusama Networks. Astar SpaceLabs Final Thoughts on Astar Network Nikkei Advertisement In my opinion, the Nikkei advertisement with an built-in NFT QR code is a genius marketing move that introduces millions of users to the world of crypto and NFTs. The continued support of the regulators and the push for friendly regulations from industry stakeholders may change the cryptocurrency landscape in Japan in the coming future. This may bring millions of users to crypto, which will assist in increasing the adoption of cryptocurrencies with billions of dollars being invested in Japan to attract institutional investors and entrepreneurs. Don’t forget to like and share the story! Image credits: and . Jezael Melgoza Clay Banks

Nikkei Advertisement for Astar Network Receives the Backing of Record 329 Japanese Corporations

Anuncio Nikkei para Astar Network recibe el respaldo de 329 corporaciones japonesas

What is Happening To boost DeFi on Polkadot, DeFi network Acala has partnered with Polkadot's innovation center Astar Network. The "Astar x Acala DeFi Rising" initiative was just released by the two top parachains to provide developers with more options and incentives. The growing number of decentralized applications (dApps) on Astar is largely due to the range of adaptable financial products offered by Acala, which supports the Polkadot network. Due to this partnership, developers may use Acala-native assets like aUSD, LDOT, and ACA to create a protocol on the Astar DeFi environment with the added bonus of collecting ACA and other benefits from the many different teams that make up the Astar ecosystem. : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the story for quality, but the claims hereon belong to the author. #DYOR brand-as-author program What is Acala The aUSD ecosystem is powered by the decentralised Acala financial network. Acala USD is the native stablecoin of the Polkadot ecosystem, and it is a decentralized, multi-collateral, crypto-backed stablecoin. The DeFi protocols built into Acala's Ethereum-compatible blockchain can be used by application developers. These protocols include a trustless staking derivative (liquid DOT — LDOT), a decentralised exchange, and the EVM+, a hybrid EVM that provides an Ethereum-compatible development environment that is also fully compatible with Substrate. Compostability, Parachains and Bridges on Polkadot - The Next Frontier for DeFi . There is a higher barrier to entry and the need for trust amongst communication chains in proof-of-stake systems because teams must discover and bootstrap their own set of validators. When using Polkadot, on the other hand, interchain communication is not dependent on whether or not the receiving chain trusts the sending chain. Parachains share an equivalent level of trust, simplifying things for programmers and guaranteeing consumers a consistent experience across platforms. All parachains coupled to the Polkadot Relay Chain get economic security from the Relay Chain validators, which is crucial to DeFi composability Polkadot implements asynchronous communication across parachains using cross-chain message passing (XCMP). With XCMP, sending a message either assures a response from the receiving chain or allows the sending chain to transmit the message with the expectation of getting a response of some kind (such as the return value of a function called on the receiving chain). Using bridges, Ethereum and Bitcoin-based DeFi will be able to interact with other nodes on the Polkadot network. Polkadot's robust feature set is ideal for use in DeFi initiatives. Allowing for the creation of decentralised blockchains opens the door to several fascinating applications. Instead of creating their own native parachain, some organisations opt to install their infrastructure on top of existing DeFi chains in the Polkadot ecosystem. For instance, Ren deployed its RenVM bridge module on the Acala Network as part of an alliance with Acala. Developers may choose to build on top of parachains in one of two ways: by creating runtime modules and integrating them into the parachain, or by using a parachain like Moonbeam, Plasm, or Edgeware that already supports smart-contracts (specifically, Solidity or Ink! based smart contracts). In the future, we anticipate that some groups will still choose to develop using preexisting frameworks. Liquid staking is a special type in DeFi. Staking token holders may acquire instant liquidity without a lockup period by exchanging their tokens for a synthetic token that can be traded on exchanges. Despite the increased centralization risk, token holders clearly profit from this. In the near future, Polkadot will likely be the most widely used blockchain ecosystem for liquid staking, since at least six companies are already developing solutions for it. Polkadot's DeFi initiatives aren't just carbon copies of others; they're pioneering whole new fields of study. Acala's decentralized sovereign wealth fund is one such case (dSWF). The goal of the dSWF is to ensure the long-term financial viability of the Acala project by defraying the costs of maintaining the Polkadot network and funding ongoing R&D. Like MakerDAO, Acala's stablecoin platform necessitates the payment of a stability charge upon the termination of a collateralized debt position (CDP). The stability fees collected after a CDP is decommissioned are to be held in a central account. Then, anytime the system profit is over a particular level, the extra ACA tokens will not be burned but utilized to buy DOT on the open market and added to the dSWF's DOT reserve. Innovation in the Polkadot ecosystem is moving forward at an alarming rate with the implementation of cross-chain message passing and compatibility between protocols and blockchains. Understanding the Acala Ecosystem and Polkadot aUSD, the de facto stablecoin of the Polkadot and Kusama ecosystems, is issued and traded over the Acala DeFi network, which also powers financial apps on Polkadot. Staking DOT tokens on the relay chain ensures security and keeps users liquid using LDOT, a token backed by staked DOT, one of Acala's freshly released DeFi solutions. Using Astar's Cross-Consensus Messaging Format (XCM) to carry out trustless and decentralized cross-chain transfers, the DeFi Rising initiative is the first step toward a healthy DeFi ecosystem. For Astar to become the de facto standard for multichain smart contracts, developers will need access to a large supply of high-quality assets like aUSD and LDOT. Astar programmers may use Acala's solid foundation to construct novel decentralised applications. In exchange, early use cases for widespread aUSD adoption throughout the multichain future will be developed by the Astar ecosystem. Acala's $250 million aUSD Ecosystem Fund and Astar's SpaceLabs initiative are available to projects that improve the value of aUSD on the Astar Network. Start-ups developing robust stablecoin use cases on either Polkadot or Kusama parachain are encouraged to apply to the $250 million aUSD Ecosystem Fund. The aUSD community is looking for use cases, including money markets, DEXs, derivatives, asset management, DAOs, payments, and other use cases that may be powered by Solidity or Substrate and increase the currency's yield or usefulness. Final Thoughts on Astar and Acala DeFi Rising Program The collaboration between Astar and Acala is critical for the Polkadot ecosystem as it brings developers together and furthers the innovation in DeFi. In my opinion, for the Polkadot ecosystem to compete with Ethereum, such programs are essential for attracting software developers to build the next generation of applications. Don’t forget to like and share the story! Image credits: GuerrillaBuzz Blockchain PR Agency , and . , Mike Enerio Nik Shuliahin

Astar Network and Acala Partner to Launch DeFi Rising for Unlocking New Opportunities for Developers

Astar Network y Acala se asocian para lanzar DeFi Rising para desbloquear nuevas oportunidades para desarrolladores

05/26/22 — The moment you’ve been waiting for is finally here! Astar DOT Festival is starting in 3 days — so get ready to hit the jackpot. We have 6M Astar tokens waiting for you to join in the fun! We are excited to announce that ArthSwap, Starlay, and AstridDAO will launch DOT-related pools with through this campaign. Plus, from Astar have been dedicated to further bootstrap the launch of these pools! increased farming rewards 6,000,000 $ASTR bonus rewards Astar is working with major ecosystem projects to ignite the network by creating a deep pool of DOT on Astar. The DOT Festival will take place over 3 events, each lasting 7–10 days. If you stake in the DOT pools you will not only receive that project’s native token, but also $ASTR rewards. Each event will launch a new liquidity pool for the community to stake their DOT to and Participate in all three events of the DOT Festival to maximize rewards earned. present a new opportunity to earn bonus $ASTR rewards! Astar is bringing this 6M $ASTR to grow the DeFi ecosystem and showcase the power of Cross-Consensus Messaging (XCM) on Polkadot. Transferring DOT from the relay chain to Astar creates new utility and unlocks a huge potential for DOT as a valuable asset on Astar. We are committed to building the interoperable Web 3 future of Astar by bringing new value and utility to the Polkadot ecosystem. Our first event of the DOT Festival starts next week! Begin moving your DOT to Astar Network to ensure you can join the fun, too. For more information on how to participate in the DOT Festival, please visit: https://docs.astar.network/dot-festival/introduction About Astar Network Astar Network is the Smart Contract Hub for WASM + EVM and the top Parachain on Polkadot in Total Value Locked + Most Ethereum Assets. Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM — and offers the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable, and interoperable blockchain. | | | | | Website Twitter Discord Telegram GitHub Reddit

Astar Network Kickstarts the DOT Festival!

DUBAI, United Arab Emirates, April 24th, 2024/Chainwire/--“Yoki Origins”, supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption. Bandit Network, a leading provider of White-Labelled Quest solutions with Points SDK, proudly announces its collaboration with Astar Network to power the ongoing “Yoki Origins'' journey. Launched on March 8th, this innovative user onboarding journey coincides with the mainnet release of Astar zkEVM, a Layer 2 scaling solution for Ethereum. This collaboration represents a significant milestone in the evolution of Web3 infrastructure. Astar zkEVM, leveraging Ethereum's security and the Polygon CDK (Chain Development Kit), offers a secure and scalable platform for Web3 projects and enterprises. As the inaugural zero-knowledge EVM chain, Astar zkEVM unlocks access to Ethereum's extensive developer resources and industry-standard infrastructure providers. The "Yoki Origins'' journey, powered by Bandit Network's White-Labelled Quest solutions with Points SDK promoted by Brave Ads, introduces users to the world of Astar zkEVM through interactive experiences inspired by Japanese Yokais. Participants engage with Capsule Machines, or "Yo-Ports," to collect Yokis and artistic creations, fostering engagement and loyalty within the Astar ecosystem. "Bandit Network is thrilled to collaborate with Astar Network on the 'Yoki Origins' journey," said Sandesh B Suvarna, Founder of Bandit Network. "Our White-Labelled Quest solutions with Points SDK, along with promotion through Brave, provide a seamless and engaging experience for users, allowing them to immerse themselves in the Astar ecosystem while celebrating Japanese culture and heritage." Maarten Henskens, Head of Astar Network, commented, "Bandit Network's platform with Brave Ads has been instrumental in bringing the 'Yoki Origins' journey to life. This collaboration underscores our commitment to delivering innovative and engaging experiences to our community as we continue to expand the capabilities of Astar zkEVM." ** ** Luke Mulks, VP of Business Operations at Brave, highlights the integral role of Bandit Network's solutions in partnership with Brave Ads, "We’re excited for Brave Ads to be collaborating with Bandit Network's White-Labelled Quest solutions to bring awareness and growth for the Astar ecosystem. With collaborations like 'Yoki Origins', Brave Ads demonstrates the ability to use Quests as a growth accelerator. Brave Ads campaigns will elevate Quests beyond airdrop farmers, introducing Quests to millions of Brave Rewards users. In addition to earning BAT with their attention, Brave Rewards users will now be able to earn even more by participating in Quests through Astar and other participating Bandit Network partners advertising with Brave Ads." Brave offers Web3 promotional opportunities through Brave Ads for advertisers that pay with BAT for their campaigns, facilitating growth and adoption within the broader Web3 ecosystem. ** ** The "Yoki Origins" journey invites users to explore Astar zkEVM’s unique characters, participate in quests, and collect digital collectibles. Through interactive Capsule Machines, participants can obtain Yokis and artistic creations contributed by various artists, enterprises, and builders. The user journey aims to foster accessibility for individuals unfamiliar with Web3, incorporating social logins and credit card payments. Astar Network serves as a conduit for projects spanning enterprise, entertainment, and gaming to enter the Japanese market and beyond. By propelling global adoption of Web3, Astar aims to build an ecosystem fueled by both Polkadot and Polygon, positioning itself as a leading blockchain for the Japanese market. For more information about Bandit Network and the "Yoki Origins" journey, visit https://yoki.astar.network/en. About Bandit Network: Bandit Network is a leading provider of White-Labelled Quest solutions with Points SDK, offering a no-code platform for engaging and interactive experiences. With a focus on fostering user engagement and loyalty, Bandit Network empowers organisations to create immersive campaigns and events across various industries. Media Contact: Name: Sandesh B Suvarna Designation: Founder Company: Bandit Network Email: sandesh@bandit.network LinkedIn: https://www.linkedin.com/in/sandeshbsuvarna/ Twitter: https://twitter.com/sandeshsuvarna Telegram: https://t.me/SandeshBSuvarna Name: Luke Mulks Designation: VP - Business Operations Company: Brave Email: press@brave.com Twitter: https://twitter.com/lukemulks Twitter: https://twitter.com/brave Advertisers: https://ads.brave.com/ This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. DUBAI, United Arab Emirates, April 24th, 2024/Chainwire/-- “Yoki Origins”, supported by Bandit Network and Brave Ads , introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption. DUBAI, United Arab Emirates, April 24th, 2024/Chainwire/-- Bandit Network Bandit Network Brave Ads Brave Ads Bandit Network , a leading provider of White-Labelled Quest solutions with Points SDK, proudly announces its collaboration with Astar Network to power the ongoing “Yoki Origins'' journey. Launched on March 8th, this innovative user onboarding journey coincides with the mainnet release of Astar zkEVM, a Layer 2 scaling solution for Ethereum. This collaboration represents a significant milestone in the evolution of Web3 infrastructure. Bandit Network Bandit Network Astar zkEVM, leveraging Ethereum's security and the Polygon CDK (Chain Development Kit), offers a secure and scalable platform for Web3 projects and enterprises. As the inaugural zero-knowledge EVM chain, Astar zkEVM unlocks access to Ethereum's extensive developer resources and industry-standard infrastructure providers. The "Yoki Origins'' journey, powered by Bandit Network's White-Labelled Quest solutions with Points SDK promoted by Brave Ads, introduces users to the world of Astar zkEVM through interactive experiences inspired by Japanese Yokais. Participants engage with Capsule Machines, or "Yo-Ports," to collect Yokis and artistic creations, fostering engagement and loyalty within the Astar ecosystem. "Bandit Network is thrilled to collaborate with Astar Network on the 'Yoki Origins' journey," said Sandesh B Suvarna, Founder of Bandit Network. "Our White-Labelled Quest solutions with Points SDK, along with promotion through Brave, provide a seamless and engaging experience for users, allowing them to immerse themselves in the Astar ecosystem while celebrating Japanese culture and heritage." "Bandit Network is thrilled to collaborate with Astar Network on the 'Yoki Origins' journey," said Sandesh B Suvarna, Founder of Bandit Network. "Our White-Labelled Quest solutions with Points SDK, along with promotion through Brave, provide a seamless and engaging experience for users, allowing them to immerse themselves in the Astar ecosystem while celebrating Japanese culture and heritage." Maarten Henskens, Head of Astar Network, commented, "Bandit Network's platform with Brave Ads has been instrumental in bringing the 'Yoki Origins' journey to life. This collaboration underscores our commitment to delivering innovative and engaging experiences to our community as we continue to expand the capabilities of Astar zkEVM." Maarten Henskens, Head of Astar Network, commented, "Bandit Network's platform with Brave Ads has been instrumental in bringing the 'Yoki Origins' journey to life. This collaboration underscores our commitment to delivering innovative and engaging experiences to our community as we continue to expand the capabilities of Astar zkEVM." ** ** Luke Mulks, VP of Business Operations at Brave, highlights the integral role of Bandit Network's solutions in partnership with Brave Ads, "We’re excited for Brave Ads to be collaborating with Bandit Network's White-Labelled Quest solutions to bring awareness and growth for the Astar ecosystem. With collaborations like 'Yoki Origins', Brave Ads demonstrates the ability to use Quests as a growth accelerator. "We’re excited for Brave Ads to be collaborating with Bandit Network's White-Labelled Quest solutions to bring awareness and growth for the Astar ecosystem. With collaborations like 'Yoki Origins', Brave Ads demonstrates the ability to use Quests as a growth accelerator. Brave Ads campaigns will elevate Quests beyond airdrop farmers, introducing Quests to millions of Brave Rewards users. In addition to earning BAT with their attention, Brave Rewards users will now be able to earn even more by participating in Quests through Astar and other participating Bandit Network partners advertising with Brave Ads." Brave Ads campaigns will elevate Quests beyond airdrop farmers, introducing Quests to millions of Brave Rewards users. In addition to earning BAT with their attention, Brave Rewards users will now be able to earn even more by participating in Quests through Astar and other participating Bandit Network partners advertising with Brave Ads." Brave offers Web3 promotional opportunities through Brave Ads for advertisers that pay with BAT for their campaigns , facilitating growth and adoption within the broader Web3 ecosystem. for advertisers that pay with BAT for their campaigns for advertisers that pay with BAT for their campaigns ** ** The "Yoki Origins" journey invites users to explore Astar zkEVM’s unique characters, participate in quests, and collect digital collectibles. Through interactive Capsule Machines, participants can obtain Yokis and artistic creations contributed by various artists, enterprises, and builders. The user journey aims to foster accessibility for individuals unfamiliar with Web3, incorporating social logins and credit card payments. Astar Network serves as a conduit for projects spanning enterprise, entertainment, and gaming to enter the Japanese market and beyond. By propelling global adoption of Web3, Astar aims to build an ecosystem fueled by both Polkadot and Polygon, positioning itself as a leading blockchain for the Japanese market. For more information about Bandit Network and the "Yoki Origins" journey, visit https://yoki.astar.network/en . Bandit Network Bandit Network https://yoki.astar.network/en https://yoki.astar.network/en About Bandit Network: Bandit Network is a leading provider of White-Labelled Quest solutions with Points SDK, offering a no-code platform for engaging and interactive experiences. With a focus on fostering user engagement and loyalty, Bandit Network empowers organisations to create immersive campaigns and events across various industries. Bandit Network Bandit Network Media Contact: Name: Sandesh B Suvarna Designation: Founder Company: Bandit Network Email: sandesh@bandit.network LinkedIn: https://www.linkedin.com/in/sandeshbsuvarna/ Twitter: https://twitter.com/sandeshsuvarna Telegram: https://t.me/SandeshBSuvarna Name: Luke Mulks Designation: VP - Business Operations Company: Brave Email: press@brave.com Twitter: https://twitter.com/lukemulks Twitter: https://twitter.com/brave Advertisers: https://ads.brave.com/ This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. here. here.

ASTAR NETWORK

astar.network

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Since 2021

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ASTAR NETWORK

astar.network

11-50 employees

Since 2021

COMPANY RANKING

ASTAR NETWORK

EVERGREEN INDEX #1102

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