On Tuesday, the web3-focused Blockchain company Alchemy announced that it has joined hands with innovation hub Aster Network, a parachain of the Polkadot Network. The two firms will collaboratively aim to support Web3 projects by powering developer tools on the network.
Excited to announce a new partnership with @AstarNetwork ! 😃
This is our first step into the @Polkadot party 🎉
A short🧵on why we're amped and how to start building 👇 pic.twitter.com/Hlz9xYKhlu
— Alchemy | The web3 developer platform (@AlchemyPlatform) August 3, 2022
According to a recent press release, the partnership will primarily simplify the process of creating decentralized applications on renowned parachain Aster Network. This will essentially support developers on the network to easily convert their idea into a Web3 project.
Previously unavailable features on Polkadot will also be accessible to developers
Moreover, this will also enable the developers to use Alchemy’s API to develop sophisticated applications by using features previously unavailable on Polkadot Network.
Aiming for the acceleration of Web3 adoption, Alchemy is offering its Alchemy Supernode, one of the most widely used Web3 APIs, to be leveraged by the collaboration.
Astar, on the other hand, will serve as a parachain connecting Polkadot to all major Level 1 blockchains with the goal of improving monitoring and analytics.
Sota Watanabe, founder and CEO of Astar Network, believes that the new collaboration will benefit developers by supplying them with the resources they need to support web3 development.
He said one of Astar’s key values is to support the developer ecosystem, and the company’s relationship with Alchemy will help provide “even more incentives and innovation to the community.” He added:
“Our collaboration will provide the resources needed to grow the builder community in web3 on Astar, Polkadot, and beyond.”
Polkadot, which recently launched a cross-chain communications protocol as a solution to blockchain’s bridge problem, has done reasonably well despite the market collapse. According to the latest data from blockchain analytics platform Messari, network usage and developer engagement stayed strong during the second quarter of the year. Its market cap has dropped by more than 86% since its all-time high of $49 billion in November 2021. Moreover, last month, Polkadot reportedly brought the proposal for Gov2 for DOT Ecosystem.