Astar Network, one of the Polkadot parachains, received a $22 million strategic investment from leading venture capital firms Alameda Research and Polychain.
Astar Network released a press release on Friday. The project, which has collected $22 million in funds from the leaders of the field, said that it will use this financing for geographical expansion. Also on the tour are Alchemy Ventures, Animal Ventures, Crypto. Some names such as com Capital, Digital Finance Group, GSR, Injective Protocol and Scytale Ventures were also involved.
Astar Network is one of the parachains of the Polkadot network. Parachains represent a structure that connects many blockchains. The project participated in parachain auctions in the past period and was one of the five winning projects.
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