

Astar Announces Ethereum L2 but is “Not Ditching Polkadot”

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Polygon's zkEVM protocol facilitates Astar Network's transition to Polygon 2.0, providing greater scalability without compromising Ethereum-based dApp interoperability.
Astar Unveils Ethereum Layer-2 (L2) Solution
Japan-based blockchain platform Astar Network has revealed its strategic partnership with Polygon Labs to introduce a ZK-powered Layer 2 (L2) chain on the Ethereum network. By harnessing the Polygon Cross-Chain Developer Kit (CDK) and the power of zero-knowledge (ZK) technology, Astar Network aims to provide an L2 solution that revolutionizes the capabilities of blockchain technology.
💥 Supernova is here! 💥
— Astar Network (@AstarNetwork) September 13, 2023
We are excited to announce that we will work with @0xPolygonLabs!
Together, we will deliver Astar zkEVM: the Ethereum Layer 2 scaling solution powered by Polygon's CDK.
Here, @WatanabeSota & @sandeepnailwal share this groundbreaking announcement. pic.twitter.com/23hSlvUu1G
Sota Watanabe, the founder of Astar Network, emphasized that the partnership with Polygon Labs would enable enterprises to kickstart their blockchain initiatives.
Astar Network's approach allows developers to leverage its platform to deploy dApps on various blockchain networks. The addition of zkEVM to the Astar ecosystem enhances this multichain functionality.
The project envisions serving as a gateway for enterprise adoption not only in Japan but also on a global scale.
The Power of zkEVM
This integration combines the capabilities of zero-knowledge technology with the Ethereum Virtual Machine (EVM). The result is enhanced scalability without compromising the interoperability of Ethereum-based dApps.
Developers can seamlessly launch existing EVM smart contracts on zkEVM with minimal modifications to the codebase. This transition reduces transaction costs, enhances the user experience, and bolsters the potential for broader blockchain adoption.
In a recent tweet, Astar Network made it explicitly clear that its collaboration with Polygon Labs does not signify a departure from its commitment to Polkadot. This clarification comes in response to earlier reports that suggested otherwise.
For the record, we are not "ditching" Polkadot.
— Astar Network (@AstarNetwork) September 19, 2023
We are working on enhancing connectivity between the Ethereum and Polkadot ecosystem to enable a multichain future. https://t.co/oaGpfpOXS2
Worth noting, on Sept. 12, Sony announced a joint venture with Astar Network to develop a blockchain. Despite recent developments within the Astar network ecosystem, its native token fell by 13.5% in a week. Astar Network (ASTR) is trading at $0.05135 as of writing.

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Lucidao Unveils Bold Rebrand: Pioneering the Tokenization of Real-World Assets

The rebranding underscores Lucidao's commitment to bridging real-world assets and blockchain technology.
Decentralized Finance (DeFi) platform Lucidao has recently unveiled its new look alongside a redefined mission. With the launch of a revamped website, Lucidao is taking a significant step towards the tokenization of Real-World Assets (RWAs), strategically positioning itself as a leading force in the intersection of blockchain technology and Real-World Assets.
The core of Lucidao's transformation lies in a strategic shift – a commitment to making the tokenization of RWAs its primary mission. This goes beyond a mere rebrand; it signifies a pivotal moment for the platform, where every innovation and product creation revolves around the tokenization and digitization of real-world assets.

At the forefront of Lucidao's success is Altr, a decentralized application (dApp) that set the stage for bringing physical luxury collectibles onto the blockchain. This initiative, born out of Lucidao's governance process, showcases the vast possibilities within Lucidao's expansive vision for RWAs.
Lucidao's Approach to Empowering Stakeholders
Empowerment is a cornerstone of Lucidao's approach to asset tokenization and digitization. Lucidao token ($LCD) holders aren't just passive investors; they are active contributors shaping the platform's trajectory. This unique governance model transforms each $LCD holder into an engaged participant, with the ability to propose, debate, and enact initiatives, fostering an agile and adaptive environment.
The $LCD token plays a central role in Lucidao's ecosystem, serving as a versatile utility token integral to governance, transaction fees, and participation in Quickswap's liquidity pool farming. Recognizing the importance of community involvement, Lucidao is set to introduce a Fiat onramp on its new website, making it easier for individuals to directly acquire $LCD tokens.
Beyond Luxury Collectibles: Lucidao's Expansive Vision
Lucidao's vision extends far beyond luxury collectibles. While Altr showcased the platform's capabilities, Lucidao aims to be an ecosystem that embraces a wide array of real-world assets on the blockchain. The advantages are manifold, ranging from increased liquidity and fractional ownership to the transparency and immutability inherent in blockchain technology. The new website acts as a comprehensive guide to these transformative initiatives, illustrating Lucidao's commitment to unparalleled innovation and inclusivity.
Lucidao's bold rebrand marks a transformative chapter in the platform’s journey as it establishes itself as a pioneer in the tokenization of Real-World Assets (RWAs). The unveiling of a revamped website symbolizes a strategic commitment, not just to aesthetics, but to a profound shift where every facet of innovation orbits around the digitization of tangible assets. Through empowerment and community involvement, Lucidao propels itself as a catalyst for innovation and inclusivity, setting the stage for an innovative approach to asset management in both digital and physical realms.
About Lucidao
Lucidao is a DAO with a primary focus on the tokenization and digitization of Real-World Assets (RWAs). Originating as an independent entity, Lucidao has given life to projects like Altr through its decentralized governance model. Using the $LCD utility token for all ecosystem interactions, Lucidao is paving the way for a transformative approach to managing assets in both the digital and physical realms, providing not just access but empowerment to community members.
For more information, visit Lucidao's official linktree.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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