Astar Launches Incubation Program backed by Alameda Research, Fenbushi, DFG and more leading firms
Astar Network Smart Contract HUB for WASM + EVM on Polkadot is excited to announce the launch of Astar Incubation Program to support promising projects in the Astar Network and Shiden ecosystems.
Leading venture capitals firms in the blockchain space including Alameda Research, Fenbushi Capital, Digital Finance Group, LongHash Ventures, gumi Crypto Capital, TRGC, and Next Web Capital are joining the Astar Incubation Program as partners to support the incubated projects.
With the focus on bootstrapping the Astar ecosystem, the Season 1 of the Astar Incubation Program will nurture potential and promising entrepreneurs and projects in emerging sectors including DeFi, NFTs, GameFi, and accelerate the adoption of the network.
“Working closely with the Astar Network team to promote the development of the Astar and Polkadot ecosystems is a very important mission for us at DFG. This incubation program is set to welcome important projects that will have an incredible added value to the growth of Web3, so it is only logical for us to be actively involved and support this effort for the benefit of all around the world.” — James Wo, Founder and CEO of DFG
“Astar Incubation Program will be the premium incubator of the Polkadot ecosystem on Astar Network. We are committed to supporting talented entrepreneurs and promising projects that have the potential to drive Web3 developments and bring value to the Astar ecosystem. We will work together to make Web 3.0 a reality.” — Sota Watanabe, Founder of Astar Network
ArthSwap, the one-stop DeFi platform on Astar, and Starlay, the first Astar-native lending protocol, have been accepted as the first two projects in the Astar Incubation Program.
“As the first One-Stop Defi on Astar Network, ArthSwap team is glad to be selected as the first project of this powerful program, and we hope that Astar ecosystem will continue to grow through this program in the future.” — ArthSwap Team
From January 2022, we will be reviewing applications and accepting projects on a rolling basis for the Astar Incubation Program. Accepted projects will receive marketing support, technical support, advisory, funding, and resources from Astar Network.
What do we provide in the incubation program?
- Hands-on Support. Astar core team will work together with selected projects and support the projects with what they need. Selected projects will have open access to all Astar’s resources, including prominent investors, marketing strategy support, business development and network connections, legal direction, financing, and receive strategic advisory from the Astar Network core team.
- Seed Investment. Accepted projects in the Astar Incubation Program will receive seed funding from our VC partners, providing founders with initial funding and traction so they can focus on growing their projects. The valuation of accepted projects can be up to a maximum of US$ 20M.
- Mentorship. Astar will connect founders to core team members and experienced engineers from our team and in the Web3 space, who have extensive experience in tokenomics design, marketing, development, and startup operations, helping founders to grow quickly.
- Extensive Network. Projects will share our diverse network of ecosystem builders and partners, providing the opportunity to create meaningful connections.
If you are a builder interested in building on top of Astar Network and receiving support from the Astar Incubation Program, please submit the form on the Astar Builders Program page.
About Astar
Astar Network is a Smart Contract HUB for WASM + EVM on Polkadot. Astar is a multi-chain platform that supports blockchains and virtual machines. Polkadot Network is a layer 0 relay chain and Astar Network provides the full utility for WASM and EVM smart contract applications to be built on top of it. Astar Network provides the best solution for developers to build with WASM and EVM smart contracts on a secure and modular blockchain.
