Coinbase Ventures Joins the Strategic Round of Astar Network

Astar Network, a multichain smart contract platform on Polkadot, announced the addition of Coinbase Ventures as an investor in its strategic funding round. Astar Network is a DApp hub on Polkadot that supports both Ethereum Virtual Machine (EVM) and WebAssembly, allowing developers to deploy existing Solidity smart contracts as well as Polkadot native smart contracts. Previously, Astar Network announced a $22 million strategic round led by Polychain Capital with participation from Alameda Research, Alchemy Ventures, Animal Ventures, and Crypto.com Capital in January of this year.