Astar

Astar Network is a multi-chain dApp hub on Polkadot that supports Ethereum Virtual Machine (EVM), WebAssembly, Layer 1, and Layer 2 solutions. Astar is designed to have all the necessary features to become a hub for smart contracts on Polkadot.

Market

The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR)of 67.3% during 2020–2025. Blockchain technology is also employed in the Healthcare Sector, Supply Chain Management, Energy, Media, and Informatics, etc. Banking financial services and insurance (BFSI) together holds the largest share. Blockchain in retail industry under supply chain management is the fastest growing sector.

Investment Rationale 

Astar is a multi-chain project on Polkadot. The company is highly synergistic to Scytale Ventures’ portfolio as well as business partners in Polkadot and WebAssembly. In general, multi-chain projects are of great interest to Scytale Ventures.