Astar Partners With Polygon to Target Japan’s Web3 Boom With New Scaling Solution

0 7

Astar Partners With Polygon to Target Japan's Web3 Boom With New Scaling Solution

knife

At the Token2049 conference in Singapore, Astar Network revealed it is joining forces with Polygon Labs to launch Astar zkEVM, a new Ethereum layer two scaling solution utilizing zero-knowledge proof technology. The collaboration aims to drive greater adoption of Web3 applications in the Japanese market and beyond.

Astar and Polygon Launch zkEVM for Japan’s Web3 Rise

The announcement details that the partnership combines Astar‘s experience working with major Japanese companies like Sony and Toyota with Polygon‘s highly scalable zk-powered infrastructure. Together, the teams plan to create an optimal platform for launching blockchain initiatives in Japan, where government leaders have voiced support for Web3 innovation.

“As it stands today, Asia is one of the most forward-thinking regions in the world when it comes to Web3 adoption, and we are delighted to help Japan’s blockchain sector grow even faster via our collaboration with Astar,” said Polygon co-founder Sandeep Nailwal about the new venture.

Astar zkEVM aims to serve as a versatile solution for global enterprises looking to implement blockchain technology, acting as an entry point for international entertainment and gaming projects in Japan. The Ethereum L2 (layer two) system allows Astar to expand into the Ethereum ecosystem by incorporating advanced zero-knowledge proofs.

Sota Watanabe, the founder of Astar Network, says this lowers barriers for developers and end-users and aligns with Astar’s goal of driving mass adoption in Japan’s growing Web3 space. Watanabe believes Astar zkEVM can provide attractive features like equivalence to the Ethereum Virtual Machine and enhanced security. Integration with existing Ethereum tools also streamlines onboarding new users, the partnership announcement notes.

“Working closely with Polygon Labs, Astar will also help foster unique and iconic use cases in Japan and beyond to enable enterprises to kickstart their blockchain initiatives, strengthening Japan’s role as the epicenter of the Web3 movement,” Watanabe stated.

What do you think about Astar and Polygon partnering to launch a new scaling solution? Share your thoughts and opinions about this subject in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 67,955.21
ethereum
Ethereum (ETH) $ 3,256.66
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 579.37
solana
Solana (SOL) $ 182.86
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.596746
staked-ether
Lido Staked Ether (STETH) $ 3,254.79
dogecoin
Dogecoin (DOGE) $ 0.134149
the-open-network
Toncoin (TON) $ 6.70
cardano
Cardano (ADA) $ 0.41616
tron
TRON (TRX) $ 0.137342
avalanche-2
Avalanche (AVAX) $ 28.76
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,787.16
shiba-inu
Shiba Inu (SHIB) $ 0.000017
chainlink
Chainlink (LINK) $ 13.54
polkadot
Polkadot (DOT) $ 5.84
bitcoin-cash
Bitcoin Cash (BCH) $ 379.01
near
NEAR Protocol (NEAR) $ 5.68
uniswap
Uniswap (UNI) $ 7.65
leo-token
LEO Token (LEO) $ 5.83
litecoin
Litecoin (LTC) $ 71.36
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000012
wrapped-eeth
Wrapped eETH (WEETH) $ 3,398.15
matic-network
Polygon (MATIC) $ 0.513638
internet-computer
Internet Computer (ICP) $ 10.10
kaspa
Kaspa (KAS) $ 0.182131
ethereum-classic
Ethereum Classic (ETC) $ 22.85
aptos
Aptos (APT) $ 7.02
ethena-usde
Ethena USDe (USDE) $ 0.99977
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.27
stellar
Stellar (XLM) $ 0.102532
monero
Monero (XMR) $ 162.75
blockstack
Stacks (STX) $ 1.87
mantle
Mantle (MNT) $ 0.844667
filecoin
Filecoin (FIL) $ 4.60
dogwifcoin
dogwifhat (WIF) $ 2.61
render-token
Render (RENDER) $ 6.60
injective-protocol
Injective (INJ) $ 25.61
bittensor
Bittensor (TAO) $ 347.05
okb
OKB (OKB) $ 41.15
hedera-hashgraph
Hedera (HBAR) $ 0.068711
crypto-com-chain
Cronos (CRO) $ 0.09146
maker
Maker (MKR) $ 2,631.47
immutable-x
Immutable (IMX) $ 1.58
arbitrum
Arbitrum (ARB) $ 0.726007
cosmos
Cosmos Hub (ATOM) $ 6.17
vechain
VeChain (VET) $ 0.028678
first-digital-usd
First Digital USD (FDUSD) $ 1.00
bonk
Bonk (BONK) $ 0.000029
arweave
Arweave (AR) $ 30.38
sui
Sui (SUI) $ 0.781144
optimism
Optimism (OP) $ 1.72
the-graph
The Graph (GRT) $ 0.200346
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,645.73
floki
FLOKI (FLOKI) $ 0.000181
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,302.53
thorchain
THORChain (RUNE) $ 4.71
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,380.22
bitget-token
Bitget Token (BGB) $ 1.12
theta-token
Theta Network (THETA) $ 1.50
whitebit
WhiteBIT Coin (WBT) $ 10.10
notcoin
Notcoin (NOT) $ 0.014212
aave
Aave (AAVE) $ 97.77
jupiter-exchange-solana
Jupiter (JUP) $ 1.07
ondo-finance
Ondo (ONDO) $ 0.994054
pyth-network
Pyth Network (PYTH) $ 0.390352
jasmycoin
JasmyCoin (JASMY) $ 0.029083
lido-dao
Lido DAO (LDO) $ 1.56
fantom
Fantom (FTM) $ 0.460232
based-brett
Brett (BRETT) $ 0.129209
coredaoorg
Core (CORE) $ 1.38
celestia
Celestia (TIA) $ 5.97
algorand
Algorand (ALGO) $ 0.143033
sei-network
Sei (SEI) $ 0.368989
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,250.88
quant-network
Quant (QNT) $ 72.71
flow
Flow (FLOW) $ 0.667795
gatechain-token
Gate (GT) $ 7.65
mantra-dao
MANTRA (OM) $ 1.19
msol
Marinade Staked SOL (MSOL) $ 219.62
kucoin-shares
KuCoin (KCS) $ 9.70
popcat
Popcat (POPCAT) $ 0.941066
beam-2
Beam (BEAM) $ 0.018235
elrond-erd-2
MultiversX (EGLD) $ 33.32
axie-infinity
Axie Infinity (AXS) $ 6.06
bitcoin-sv
Bitcoin SV (BSV) $ 45.37
helium
Helium (HNT) $ 5.30
gala
GALA (GALA) $ 0.023601
ethereum-name-service
Ethereum Name Service (ENS) $ 26.53
bittorrent
BitTorrent (BTT) $ 0.00000089644018
eos
EOS (EOS) $ 0.577914
flare-networks
Flare (FLR) $ 0.01934
tokenize-xchange
Tokenize Xchange (TKX) $ 10.38
neo
NEO (NEO) $ 11.69
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,314.28
ordinals
ORDI (ORDI) $ 38.64
akash-network
Akash Network (AKT) $ 3.30
dydx-chain
dYdX (DYDX) $ 1.29