- ASTR token’s value rose by 26% in a week due to partnerships with Polygon and Polkadot.
- Astar Network introduced zkEVM, improving Ethereum’s Layer-2 with zero-knowledge tech.
Astar Network’s native token, ASTR, has experienced a remarkable surge in value, gaining 26% within the past week. This substantial growth can be attributed to the platform’s strategic collaborations with Polygon (MATIC) and Polkadot (DOT).
The Layer-2 solution zkEVM (Zero-Knowledge Ethereum Virtual Machine), developed by Astar Network, is well-known for its creative approach to Web3 solutions. Utilizing zero-knowledge (ZK) technology aims to improve the Web3 experience.
With this state-of-the-art technology, wallets on the Ethereum network, developer tools, and existing smart contracts may all be easily integrated with an environment similar to the Ethereum Virtual Machine (EVM). In Astar Network’s endeavor to provide tailored blockchain solutions, embracing zero-knowledge technology is a critical step forward.
Astar Network has introduced zKatana, another zero-knowledge (ZK) Ethereum Layer-2 solution, as part of its ongoing innovation journey. This release is a major step forward in Astar’s plan, which aims to give businesses and developers better technology stacks for their projects.
ASTR is currently trading at $0.173, showcasing a substantial 26% increase in value over the past seven days. In October 2023, it is noteworthy that the lowest value of $0.0383 marked a significant increase. The token’s price trajectory demonstrates a captivating upward trend, with ASTR presently resting at a resistance level of $0.19. There is potential for a pullback to the $0.145 support level if rejected at this resistance.
Innovative NFT Campaign by Astar Network
To commemorate the mainnet release of Astar zkEVM, Polkadot parachain Astar Network has launched an NFT campaign. This NFT campaign honors Astar Network’s Japanese heritage by introducing well-known Japanese capsule machines. scheduled to launch in the first quarter of 2024. Participants in the campaign will get random gifts from these machines, renowned for their relationship with surprises and randomness.
To participate in the campaign and access a world of on-chain and off-chain missions, users will have to investigate the projects available on Astar zkEVM. Reaching the goals of these missions unlocks pleasant experiences, such as special NFTs made by Astar Network and other involved projects.
The campaign centers on Japanese folktales, and virtual capsule machines specially designed for each participating project give out each reward. Among the prizes are Japanese-inspired characters that users can mint, collect, and interact with to create a digital folklore tapestry.
Astar 2.0: Building for the Future
The forthcoming Astar 2.0 upgrade is not mere marketing rhetoric; it’s a well-planned evolution. This update improves network performance, draws in developers, and encourages more interaction from users. These advancements lay a strong foundation for Astar Network’s long-term goals.
Dedication to one developer, dApp, and staked token at a time has characterized Astar Network’s progress in the Web3 environment. The community is strong, with over 650,000 members, an astounding 3.4 billion staked tokens, and smart partnerships in the real world. The figures speak for themselves. Even though Astar has a long way to go, this voyage sets the stage for long-term success.
