Astar Network reveals ‘Astar 2.0 Vision’ for Web3 mass adoption by billions.

Tokyo, Japan, June 15th, 2023, Chainwire

The Astar 2.0 Vision aligns tokenomics, organizational structure, and key pillars of technology to drive the mass adoption of Web3

Astar Network, a smart contract platform for multichain, is introducing the Astar 2.0 Vision with the aim of driving the mass adoption of Web3 to billions of users. Astar Network aims to become the go-to Layer-1 blockchain for developers interested in base layers that offer scalability, security, and interoperability by providing them with all the necessary tools, resources, and support to build unstoppable dApps.

The Astar 2.0 Vision sets the long-term direction for the rapidly-growing Astar ecosystem. It aligns the network’s tokenomics, organizational structure, and pillars of technology to achieve its mission of enabling Web3 innovations that empower billions of people worldwide.

1. Tokenomics

Astar Network will revamp its current tokenomics to align with the long-term vision and the DAO will make Astar sustainable for the future.

The Astar Foundation is building this with the community in forums to gain their valuable insights. A redesigned ASTR token better serves the needs of network participants, from users and builders to enterprise partners. It’s essential to ensuring a sustainable future of growth and success.

Connects the fragmented layers of the blockchain industry. With customizable options and tailor-made SDKs, developers can create limitless solutions. Astar Link unlocks diverse use cases from gaming to enterprise that is only possible by linking different ecosystems to each other.

3. Organizations supporting Astar Network

  1. Startale Labs – The enterprise arm that enables users and businesses to embrace blockchain in Japan. With a focus on Web3 infrastructure, Startale aims to build innovative products to enable the widespread adoption of Web3 technologies.
  2. Astar Foundation – It is currently the main contributor and maintainer of the Astar Network Source Code. The Foundation deploys resources to expand Astar Network through partnerships, community activities, hiring developers, funding projects, and other initiatives.
  3. Formation of Astar DAO – Astar is actively working with the community to realize this goal in Community Forums . The DAO will help create an unstoppable network by embracing decentralization and handing governance to the community. Anyone can use Astar Network anywhere to improve their communities

4. Creating unstoppable dApps

Improving the developer experience to help them build unstoppable dApps with two pillars of technology:

  1. Cross-chain applications – Astar supports both EVM and WebAssembly (WASM) environments, and interoperability between them using a Cross-Virtual Machine (XVM). With XVM, smart contracts will work seamlessly regardless of the blockchain. Astar 2.0 brings more options and is scalable.
  2. DApp staking – Improved tokenomics will return more value to builders and stakers via dApp staking. Astar’s innovative Build2Earn program empowers developers to get paid through a dApp staking mechanism for the dApps they build. It allows network users to stake their tokens to support their favorite projects.

5. Supernova: Paving the path forward

Actions speak louder than words. Watch out for our coming updates in the middle of Q3 which will see Astar deliver on its web3 promises. Like a supernova exploding and impacting the universe, Astar aims to have the same impact in the web3 universe. Bringing Astar technology and vision to the masses.

Interested developers and users can explore the 2.0 Vision here. Moreover, Japan’s leading corporations have shown strong belief in Astar’s vision and its ability to execute. Astar will share more details later in June and July.

The Astar Foundation and Startale Labs have been working with many of the world’s leading global players to achieve the 2.0 Vision. Japan’s leading corporations including Toyota Motor Corporation and Sony Network Communications have teamed up with Astar Network to explore the opportunities in Web3.

Sota Watanabe, who founded Astar Network, said, “We will encourage the network to unlock Web3 for billions of people. Every part of Astar 2.0 is being shaped and improved, starting with token economics and developer tools, to ensure the network’s sustainable long-term growth.”

Astar Network is Japan’s leading Layer-1, having been voted the country’s most popular blockchain by the Japanese Blockchain Association. It is the go-to blockchain for developers and businesses interested in exploring the Japanese Web3 space. Astar is also the first public blockchain from the country to be listed there, despite Japan’s strict listing regulations. Astar’s native token, ASTR, is registered as a cryptocurrency, not a security, by the Japanese government.

About Startale Labs

Startale Labs is a web3 tech company developing multichain applications and infrastructure. We also conduct R&D and incubation activities based on the experience and connections developed in coordination with Astar Network. In addition, a subsidiary, Startale Labs Japan, was established on January 31st, 2023, to provide web3 business development and strategic consulting services to corporate enterprises and governments, leveraging the strengths of Japan’s most widely recognized public blockchain.

About Astar Network

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 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 is a leading star in the blockchain industry overall, driving international corporate adoption, and consumer interest in web3 technologies.

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Sota Watanabe, [email protected]