Quick take:
- Astar has teamed up with Alchemy to accelerate its Web3 strategy on Polkadot.
- The collaboration will make it easier to developers to create decentralised apps on Astar Network.
- Astar is the leading Parachain on Polkadot, and the integration with Alchemy could initiate an influx of Web3 creators on the platform.
Astar Network is accelerating its Web3 strategy on Polkadot. The parachain-based creator platform has teamed up with Alchemy to provide powerful developer tooling on Polkadot. Astar wants to make it easier for developers to launch projects on the platform by leveraging Alchemy’s powerful APIs, which have previously been unavailable on Polkadot.
Astar believes that this partnership will ignite a wave of Web3 creatives on Polkadot, including blockchain game developers, non-fungible tokens (NFTs), decentralised finance and more. The Web3 innovation hub will integrate Alchemy’s widely used API, Alchemy Supernode to bring better monitoring and analytics to its platform while serving as the parachain that connects Polkadot to leading Level 1 blockchains.
Astar is also looking to incentivise its developers on its platform by integrating its iconic Build2earn feature. It is for far the only Polkadot parachain that allows token staking on decentralised apps, allowing developers to earn income from staking.
While staking is a common feature on several Web3 apps, the option is usually limited to a particular app, or just a few connected to the main ecosystem using a bridging protocol. Creators on Polkadot have seamless access to multiple blockchains, which allows them to stake rewards on their favourite apps. This allows them to identify the best options to stake their rewards based on the annual percentile yield (APY) and other factors like governance.
Commenting on the collaboration, Sota Watanabe, founder and CEO of Astar Network said: “Supporting the developer ecosystem is one of Astar’s core values and our collaboration with Alchemy will help bring even more incentives and innovation to the community,” adding, “our collaboration will provide the resources needed to grow the builder community in web3 on Astar, Polkadot and beyond.”
On the other hand, Rob Boyle, Head of Product at Alchemy commented: “Alchemy infrastructure makes it easier for developers to build any dApp with infinite scalability, accuracy and reliability. We’re thrilled to combine forces with Astar to foster an era of better web3 building that will power the decentralized applications of tomorrow.”
Polkadot was created by Ethereum co-founder Gavin Wood to provide a blockchain ecosystem that supports blockchain interoperability. The platform leverages the concept of parachains to create seamless communications between different blockchains.
While its adoptions got off to a slower start, it has since gained traction, thanks partly to its deviation to back project creators with a grant program that has already supported over 400 projects.
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