Astar Network, a public blockchain that aims to expand the spread of the decentralized Internet (Web3), announced on the 1st that it will release the mainnet of “Astar zkEVM Powered by Polygon”, which functions as Layer 2 of Ethereum, in late February.
A launch campaign called “Yoki Origins” will be held to coincide with this release.
Astar zkEVM is positioned as a bridge to spread IP (intellectual property) such as Japanese companies, brands, and anime to the world. This network is collaborating with several large Japanese companies and projects to develop use cases, and details will be announced soon.
In terms of technology, Astar zkEVM will be the first network to utilize Polygon zkEVM, developed by Polygon Labs. Its equivalence with the Ethereum virtual environment (EVM) allows for easy access to a wide range of existing development resources. Additionally, the use of zero-knowledge proofs (zk) provides a highly scalable and cost-effective blockchain environment.
Astar zkEVM has already developed an easy-to-use on-chain UX for developers and has attracted many Web3 projects. The following promising products will be launched on this platform:
– Quickswap: The largest decentralized exchange (DEX) within the Polygon ecosystem.
– LayerZero: A protocol that enables interoperability between Astar zkEVM and Astar parachains.
– The Graph: An indexing protocol that organizes data on the blockchain.
– Rarible: NFT marketplace that handles Ethereum NFT and Astar zkEVM NFT.
– Dew: One of the leading NFT marketplaces in the Polygon ecosystem.
– Startale: Astar’s primary Web3 infrastructure provider.
Expanding the use cases of virtual currency ASTR
The crypto asset (virtual currency) ASTR, which is the native token that forms the core of Astar Network, will also play a central role within the newly developed Astar zkEVM.
The Astar ecosystem will have two chains: the original “Astar Network”, which is a parachain of Polkadot, and “Astar zkEVM”, which will be newly established as Layer 2 of Ethereum. However, the tokens used in both chains will be unified as ASTR, creating a sense of unity and functional collaboration across the entire ecosystem.
connection:What impact does “Astar zkEVM” have on the practicality of the virtual currency ASTR?
The new platform will encourage the use of ASTR in DeFi (decentralized finance) projects and consider support measures to promote it. Additionally, work is underway to integrate ASTR into Astar’s latest management interface, dApp Staking, which will allow users to easily provide liquidity.
The more Astar zkEVM is used, the more the profits will be returned to the entire Astar ecosystem. ETH from transaction fees (gas fees) collected by the “sequencer (verification node)” responsible for processing transactions within Astar zkEVM will be used for buybacks and subsidies for ASTR.
Launch campaign “Yoki Origins”
Astar Network plans a special launch campaign “Yoki Origins” to coincide with the mainnet release. According to Maarten Henskens, head of Astar Network, the campaign celebrates the breadth of Astar Network’s ecosystem and Japan’s unique cultural background.
The event will feature over 40 web3 projects, creators, and leading companies offering NFTs in the form of capsule toys. By collecting these NFTs, you can develop Astar Network’s original character “Yoki”.
The “Yoki Origins” campaign incorporates a social login function using SNS accounts and an NFT payment function using a credit card, providing a user experience that is easy to access even for users who are unfamiliar with crypto assets. With this, Astar Network aims to lower the barrier to entry into the Web3 ecosystem and allow more people to experience its potential.
Details regarding participating projects will be published in the near future.
connection:Considering cooperation with Astar zkEVM such as KDDI’s αU wallet