The smart contract platform for multichain, Astar Network, announced on June 15 that it would be introducing ‘Astar 2.0 Vision’ to drive mainstream adoption of Web3 to billions of people.
In response to the increased interest that blockchain developers have shown in base layers that provide scalability, security, and interoperability, Astar Network wants to establish itself as the go-to Layer-1 blockchain by offering developers the tools, resources, and support they need to create powerful decentralized applications (dApps), the platform revealed to Finbold.
The ‘Astar 2.0 Vision’ outlines the long-term goals and objectives for the Astar ecosystem by developing the tokenomics, organizational structure, and technological foundations of the network into alignment with the network’s objective, which is to enable Web3 breakthroughs.
In terms of tokenomics, the leading Layer-1 in Japan will update its present tokenomics to be in line with the organization’s long-term strategy, and the DAO will ensure that Astar remains viable in the years to come.
The Founder of Astar Network, Sota Watanabe, stated:
“We will push the network to unlock Web3 for billions. Each part of Astar 2.0 is being shaped and improved, starting with token economics and developer tooling to ensure the sustainable long-term growth of the network.”
Redesigned ASTR token
Users, developers, and business partners all benefit from the enhanced functionality of the updated Astar Network’s native token (ASTR). The inflation rate, gas fees, and staking rewards for decentralized applications are just a few of the key variables that will be modified.
Meanwhile, Astar Link will bridge the gaps in the blockchain industry. Developers now have the freedom to design an infinite variety of solutions thanks to flexible configuration choices and customized software development kits. By connecting disparate ecosystems, Astar Link enables a wide range of applications, from gaming to corporate.
There are a number of organizations supporting Astar Network, such as Startale Labs, the enterprise arm that enables users and businesses to embrace blockchain in Japan. Besides Astar Foundation, the main contributor and maintainer of the Astar Network Source Code.
Finally, in order to realize the 2.0 Vision, the Astar Foundation and Startale Labs have been collaborating with a number of important stakeholders on a global level. Japanese industry heavyweights Toyota Motor Corporation and Sony Network Communications have joined forces with Astar Network to investigate Web3’s potential.