Astar Network, the multichain, multi-VM #Build2Earn smart contract hub on Polkadot, is excited to launch the Astar Incubation Program to support promising projects in the Astar/Shiden ecosystem.
Prestigious venture capitals in the blockchain space including Alameda Research, Fenbushi Capital, Digital Finance Group, LongHash Ventures, gumi Crypto Capital, TRGC, and Next Web Capital are joining the Astar Incubation Program as partners to support the incubated projects.
With the focus on bootstrapping the Astar ecosystem, the Season 1 of the Astar Incubation Program will nurture potential and promising entrepreneurs and projects in emerging sectors including DeFi, NFTs, GameFi, and accelerate the adoption of the network.
“Working closely with the Astar Network team to promote the development of the Astar and Polkadot ecosystems is a very important mission for us at DFG. This incubation program is set to welcome important projects that will have an incredible added value to the growth of Web3, so it is only logical for us to be actively involved and support this effort for the benefit of all around the world.” — James Wo, Founder and CEO of DFG
“Astar Incubation Program will be the ‘Y Combinator’ of Astar Network. We are committed to supporting talented entrepreneurs and promising projects that have the potential to drive Web3 developments and bring value to the Astar ecosystem. We will work together to make Web 3.0 a reality.” — Sota Watanabe, Founder of Astar Network
ArthSwap, the one-stop DeFi platform on Astar, and Starlay, the first Astar-native lending protocol, have been accepted as the first two projects in the Astar Incubation Program.
“As the first One-Stop Defi on Astar Network, ArthSwap team is glad to be selected as the first project of this powerful program, and we hope that Astar ecosystem will continue to grow through this program in the future.” — ArthSwap Team
From January 2022, we will be reviewing applications and accepting projects on a rolling basis for the Astar Incubation Program. Accepted projects will receive marketing support, technical support, advisory, funding, and resources from Astar Network.
What do we provide in the incubation program?
- Hands-on Support. Astar core team will work together with selected projects and support the projects with what they need. Selected projects will have open access to all Astar’s resources, including investors, marketing, BD, legal, finance, etc, and receive strategic advisories from Astar core team.
- Seed Investment. Accepted projects in the Astar Incubation Program will receive potential seed funding from our VC partners, providing founders with initial funding and traction so they can focus on growing their projects. The valuation of accepted projects can be up to a maximum of US$ 20M.
- Mentorship. We can connect founders to core team members and experienced engineers from Astar Network and in the Web3 space, who have extensive experience in tokenomics design, marketing, development, and startup operations, helping founders to grow quickly.
- Extensive Network. Projects will share our diverse network of ecosystem builders and partners, providing the opportunity to create meaningful connections.
If you are a builder interested in building on top of Astar Network and receiving support from the Astar Incubation Program, please submit the form on the Astar Builders Program page.
About Astar
Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts. That’s why the ecosystem needs to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.
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Astar Launches the Incubation Program, backed by Alameda Research, Fenbushi, DFG and etc. was originally published in Astar Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
