Alchemy and Astar Network Combine Forces to Boost Web3 Development on Polkadot

Blockchain company Alchemy and innovation hub Astar Network will collaboratively power developer tooling on Polkadot.

As such, the two entities have partnered to accelerate web3 development on Polkadot.

As per the press release shared with CryptoPotato, the move essentially aims to simplify the process for developers to create decentralized applications on Polkadot’s leading parachain – Astar Network.
The developers will also be able to use Alchemy’s APIs to create sophisticated apps that utilize features previously unavailable on Polkadot.
Alchemy Supernode, one of the most widely used web3 APIs, will be leveraged by the partnership.
The goal is to provide enhanced monitoring and analytics. Astar, on the other hand, will act as the parachain that connects Polkadot to all prominent Level 1 blockchains.
Sota Watanabe, founder and CEO of Astar Network, believes the collaboration will help devs receive the relevant resources to foster web 3 development.

“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. Our collaboration will provide the resources needed to grow the builder community in web3 on Astar, Polkadot, and beyond.”

Despite the market downturn, Polkadot has performed fairly well.
As per blockchain analytics platform Messari’s latest report, its network usage, and developer activity have remained strong during the second quarter of the year.
Polkadot’s market cap was down by more than 86% since its ATH of $49 billion in November 2021.
Data suggests that the blockchain platform closed the last quarter with a $7.9 billion valuation.

Related Posts

Brazil’s Largest Broker XP Just Launched Bitcoin Trading Services

The broker has 3.6 million users and its new trading platform developed in partnership with the Nasdaq can scale to support one million users for bitcoin trading….

NFT Games Are Better Than Traditional Games, Urvit Goel

The gaming industry is one of the oldest in existence. But changes came to the sector with the advent of blockchain technology and NFT. Now, a lot…

Sri Lankans Scammed out of Millions by Fake Crypto Schemes

Ponzi scammers are compounding the economic misery of Sri Lankans by swindling them out of their savings with bogus crypto schemes. Crypto investor Harshana Pathirana told Al Jazeera: “I…

ETH Rejected From $2K, Here’s the Critical Support to Hold (Ethereum Price Analysis)

Ethereum has experienced a 6.6% correction from the daily high it recorded at $2012. The critical support level lies in the price range between $1700 and $1800,…

Cardalonia Debuts Metaverse Map Demo, Prepares For Exchange Listing As 70% Of Lonia Token Presale Allocation Gets Filled

Cardalonia, a play to earn medieval-themed Metaverse project built on the Cardano blockchain, has released the initial demo of their metaverse map ahead of their Cardalonia Land…

U.S. Senators Call for Withdrawal of Crypto Guidance in Open Letter

U.S. Democratic Senators Elizabeth Warren, Sheldon Whitehouse, Bernard Sanders, and Richard J. Durbin wrote to the Office of the Comptroller of the Currency (OCC), expressing concern that…

Generated by Feedzy