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Astar Network has launched the zkEVM L2 chain, which launched its testnet last month and is expected to grow this year.
Astar Network, a Japanese blockchain firm, officially launched Astar zkEVM, a zero-knowledge layer 2 chain that leverages Polygon CDK to offer a complete solution.
The objectives of developing zkEVM were to create a bridge between the fragmented blockchain ecosystem in Japan and globally.
The development seeks to connect businesses, developers, and users to Web3, and its launch is a significant step towards the goal.
What is Astar zkEVM?
It is an inaugural chain designed to integrate with AggLayer. It will enhance the growth and interoperability of dApps. It will develop Astar as a frontrunner in the unification of state and liquidity. It will enable cross-chain transactions with Polygon zkEVM as if operating on a single blockchain.
These achievements in operations reflect a fusion of the advantages of enormous and modular blockchain architects.
The focus for developing Astar zkEVM was improving the Web3 user experience as it introduced unified liquidity, community engagement, and near-instant atomic transactions. It contributed to Astar’s vision of creating a more equitable web, empowering users in Japan and worldwide.
It is aimed at benefiting developers and users of Astar zkEVM through a vast pool of liquidity and community resources.
Sandeep Nailwal, co-founder of Polygon, commented on the importance of this integration, stating:
“Today is an important first step to welcome communities to a seamless multi-chain ecosystem. With Astar and numerous other ZK-powered chains onboarding soon, Polygon CDK and AggLayer are poised to bring internet-scale capabilities to the crypto world,” Sandeep Nailwal, co-founder of Polygon, commented on the significance of this integration.”
Launch of Astar zkEVM
The testnet launch was successful, and the mainnet launch followed it. The mainnet launch saw 5,000 contracts being deployed and nearly half a million transactions processed.
Notable developments include Deloitte’s creation of an NFT game for the Japanese Government’s Sports Agency and the PACKS platform for trading tokenized Pokemon cards.
The organizations based in Japan are already leveraging Astar zkEVM for innovative projects. Organizations such as Hakuhodo Inc. and Japan Airlines Co. have marked the beginning of the KOKYO NFT initiative. It will tokenize local experiences and assets to enhance the connection between Japanese tourism and international travelers.
“Our integration in the AggLayer and continuous development investment cements Astar zkEVM’s role as Japan’s Web3 hub for innovation, entertainment, and retail dApps,” stated Sota Watanabe, founder of Astar Network. “Astar is at the forefront of Japan’s Web3 expansion across enterprise, retail, and government sectors, propelling Web3 as a key component of Japan’s national innovation strategy.”
Astar Facilitating Mainnet Launch
Astar Network introduced updated tokenomics in anticipation of the mainnet launch. The new and updated tokenomics are aimed at long-term success and ecosystem enhancement.
To provide full support to developers, the network has incorporated infrastructure projects like LayerZero, The Graph, Pyth, Gelato, and other leading Web3 services.
AggLayer and Polygon CDK are powering the Astar zkEVM’s advanced Web3 infrastructure. Both backers expect mass adoption with the mainnet launch campaign, Yoki Origins. It invites participants to collect and explore Yoki characters inspired by Japanese supernatural entities, the Youkai. It will simultaneously collaborate with talented artists and Web3 innovators.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
