Tokyo, Japan, June 15th, 2023, Chainwire
Setting The Long-Term Direction, The Astar 2.0 Vision Aligns Tokenomics, Organizational Structure, And Key Pillars Of Technology To Drive Web3 Mass Adoption. Astar Network reveals 'Astar 2.0 Vision' for Web3 mass adoption to billions of users.
Astar Network introduces "Astar 2.0 Vision" to drive mass adoption of Web3 to billions of users. It aims to position itself as the go-to Layer-1 blockchain by providing developers with all the tools, resources, and support to build unstoppable dApps. The vision aligns the network's tokenomics, organizational structure, and technology pillars to achieve its mission of enabling Web3 innovations that empower billions of people worldwide. Astar Network reveals 'Astar 2.0 Vision' for Web3 mass adoption to billions of users.
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.
2. Astar Link
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
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.
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.
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:
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.
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
Astar Network plans to deliver on its promises for web3 technology with updates in Q3. The company aims to have a significant impact on the web3 universe and has gained support from major Japanese corporations such as Toyota and Sony. Astar is focused on unlocking web3 for billions of people and is working to improve its token economics and developer tooling. The company is the leading Layer-1 blockchain in Japan and its native token, ASTR, is registered as a cryptocurrency by the Japanese government.
About Startale Labs
Startale Labs is a web3 tech company that develops multichain applications and infrastructure. They conduct R&D and incubation activities in coordination with Astar Network. They also have a subsidiary, Startale Labs Japan, which provides web3 business development and strategic consulting services to corporate enterprises and governments, leveraging Japan's most widely-recognized public blockchain.
About Astar Network
Astar is a popular smart contract platform in Japan that supports both EVM and Wasm environments and allows for interoperability between them using a Cross-Virtual Machine. It is developer-friendly and compatible with various tools and languages. Astar is backed by the shared security of Polkadot and is a prominent player in the blockchain industry, driving adoption by corporations and interest in web3 technologies.
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