Astar Network is a parachain on the Polkadot network that supplies smart contract functionality which Polkadot’s relay chain does not natively support. The network offers developer incentives through its #Build2Earn protocol, paying contributors in ASTR tokens for building smart contracts and infrastructure. Astar received $22 million in strategic funding to support its planned geographical expansion. The funding round included leading crypto venture firms and a broader group of ecosystem investors, indicating continued VC interest in Polkadot-layer projects. Astar’s core product centers on enabling smart-contract developers on Polkadot and fostering on-chain developer activity via token rewards. No operating metrics (revenue/users) or prior financings were mentioned in the article.

Total raised

$22M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2022