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Polkadot Parachain Astar Turns to Alchemy API in New Tie-Up

by Stanfield David
September 15, 2022
in Polkadot
391 8
0
Polkadot

Astar Network, a crypto bridge that connects layer-1 blockchains such as Ethereum as well as Cosmos to the Polkadot ecosystem, has today announced the formation of a partnership with the blockchain technology platform Alchemy.

The tie-up allows developers to utilize Alchemy’s Supernode, which is a crypto API that works with Ethereum, Polygon, Arbitrum, and the recently added Solana, which makes it easier to develop apps that are decentralized (dApps). As Alchemy Supernode allows nodes to load large amounts of information, it enables better data analytics and–consequently–better scaling of the networks.

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Developers can also benefit from features that were previously not available on Polkadot The Astar team stated in a statement that was shared with Decrypt..

“Supporting the developer ecosystem is one of Astar’s core values and our collaboration with Alchemy will help bring even more incentives and innovation to the community,” Sota Watanabe, the founder and CEO of Astar Network said in a statement. “Our collaboration will provide the resources needed to grow the builder community in Web3 on Astar, Polkadot, and beyond.”

It is expected that the Alchemy collaboration will integrate “Build2Earn,” a newly-launched DApp Staking initiative that is aimed at Astar along with its sister company known as Shiden which allows users to choose which the dApps they wish to help.

The Build2Earn model ensures that part of the profits of each block are divided between stakers and developers that put their money into an dApp, which creates an excellent incentive for developers to be compensated for their efforts.

“The idea is about distributing basic income for developers based on their performance from the block rewards,” Astar’s CMO Valeria Kholostenko explained to the Decrypt. “It is among the distinctive features Astar provides. It’s available now on the mainnet and developers who are part of our ecosystem will be able to earn tokens while creating intelligent contracts.”

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