Astar Network Set to Debut Smart Contracts Supporting Virtual Machines

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Astar Network, a blockchain project that aims to become the first “smart contracts chain hub” of Polkadot (DOT), has announced that the preparations for the debut of its second iteration of smart contracts are now ready and will be launched on its mainnet on April 6. 

According to the announcement from Astar Network, the second iteration of smart contracts will support both the Ethereum Virtual Machine (EVM) and the WebAssembly Virtual Machine (WASM VM) on its mainnet on Thursday. 

 

It is crucial to note that Astar Network achieved popularity in 2022 after securing $22 million in funding from crypto-based venture capital investors and winning the Polkadot parachain auctions.

Astar Network Introduces Wasm

It is crucial to note that according to the founder of the blockchain network, Sota Watanabe, the new update will allow the creation of WebAssembly (Wasm), “a stable product that extends the Web3 functionality of EVM,” and thereafter, lead to the inception of new multichain apps.

The announcement further adds that “WebAssembly on Astar allows any software programmer to join the blockchain and start using their battle-tested tools for Web3 development.”

“Exactly how Wasm will extend our communities will be discussed at our event on April 6th. Software developers, Web3 enthusiasts, and those new to crypto are all invited to join Wasm Launch Day,” reads the announcement. 

Astar Network confirmed in the announcement that it is building Wasm with the support of its partners, including Acurast, Brushfam,ChainIDE, DIA, Phala, Protofire, SubQuery, SubScan, SubSquid, SubWallet, Sygma, and Web3Labs.

As reported earlier by TheCoinRise, Astar Network was announced as the winner of the ‘Product of the Year Award’ at the Japan Blockchain Association awards. Last year in August, web3-focused blockchain company Alchemy announced that it had joined hands with the Polkadot-based platform to support Web3 projects by powering developer tools on the network.

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