• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Wednesday, July 6, 2022
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Astar Network unveils $100M fund to support DeFi developers, projects

News
by Gauri Bhatia
11 February 2022
Astar Network unveils $100M fund to support DeFi developers, projects

Source: Unsplash

Share on FacebookShare on Twitter

Astar Network, a multi-chain dApp hub, announced Friday the launch of a $100M all-in-one fund that seeks to offer liquidity, financial support, and incentives to DeFi developers and projects. The fund has already been opened up for DeFi applications on Astar such as ArthSwap, PolkaEx, and Celer cBridge.

Astar Network, the multichain #Build2Earn smart contract hub on Polkadot, has announced the Astar Boost Program, a $100M fund for liquidity providing, financial support, an incentive program, and much more. @AstarNetwork $ASTRhttps://t.co/131jQxsivJ

— Astar Network – Multichain Smart Contract Hub (@AstarNetwork) February 11, 2022

The latest initiative came after the network raised roughly $22 million from its latest funding round led by Polychain Capital. Companies such as Alameda Research, Alchemy Ventures, Animal Ventures, Crypto.com Capital, and Digital Finance Group, also contributed to the funding round.

Astra Network is also the third winner of Polkadot’s parachain auction, an ongoing auction where a limited number of blockchains can be connected to Polkadot’s relay chain by collecting the largest amount of DOTs from supporters.

The network currently supports Ethereum, WebAssembly, and layer 2 solutions’ based dApps on its platform with more than $500M TVL. With the recent boost program, Astar seeks to support and incentivize more projects and developers looking to build on Astar Network.

Sota Watanabe, the founder of Astar Network, said in a blog post issued today:

“Astar Network will support projects committing to Astar financially by Astar Boost Program as well as dApp Staking, our original incentive system for developers. We expect to grow rapidly together. Through this program, our community will be extra rewarded for their on-chain activity.”

Tags: fe
Previous Post

OnlyFans seeks to diversify creator gains with new NFT profile picture feature

Next Post

OpenSea enters venture capital business, launches grant program

Gauri Bhatia

Gauri Bhatia

Gauri is a full-time Content Writer at Our Bitcoin News. With a degree in Economics, she covers major news and concerns surrounding crypto-space.

Related Posts

New bipartisan bill seeks to make CFTC official cryptocurrency regulator

New bipartisan bill seeks to make CFTC official cryptocurrency regulator

by Gauri Bhatia
29 April 2022

Some US bipartisan lawmakers have submitted a bill that seeks to foster innovation in the cryptocurrency space and build a...

Animoca Brands establishes joint venture with OneFootBall following $300M round

Animoca Brands establishes joint venture with OneFootBall following $300M round

by Gauri Bhatia
29 April 2022

Hong Kong-based Web 3 giant Animoca Brands has now formed a strategic joint venture with OneFootball, Football news and media...

Goldman Sachs issues its first Bitcoin-backed loan: report

Goldman Sachs issues its first Bitcoin-backed loan: report

by Damien Martin
29 April 2022

Goldman Sachs has taken another bullish step towards the digital asset space, now offering Bitcoin-collateralized loans to its customers, media...

No Result
View All Result

Recent Posts

  • Understanding the Tokenomics of ZNT: DeFi protocol Zenith’s official token
  • Huobi Incubator kicks off Web3 Hackathon to foster next generation of Web3 start-ups
  • Huobi Incubator concludes BeWater DevCon 2022 encouraging dialogue amongst developer communities
  • Huobi Global and PrimeEarn provide one of the best experiences and profits
  • Sharknado Co-Creator and Snowpiercer Producer Launch New Token $FLIX to Revolutionize Indie Film
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News