Coincheck Invests in Stake Technologies, the Core Company Behind Astar Network
Coincheck, one of the largest crypto exchanges in Japan, invested in Stake Technologies, the core company behind Astar Network. Since Astar Network is already backed by major exchanges like Binance Labs, OKEx Ventures, and Huobi Capital, this layer1 blockchain is now backed by major crypto exchanges all over the world.
Not long ago, Astar Network closed a strategic round led by Polychain Capital and participated by Alameda Research, Crypto.com Capital, and some prominent angel investors, including Dr. Gavin Wood, Keisuke Honda, and Richard Ma. It follows a seed round in early 2021, which included Binance Labs, Fenbushi Capital, HashKey Capital, OKEx Ventures, Huobi Capital, Hypersphere, and IOSG.
By bringing together some of the key stakeholders in the Web3 ecosystem, Astar is building towards the vision of a dApp hub on Polkadot, supporting multiple blockchains, virtual machines, and layer 2 solutions. We aim to provide the best solution for all developers by implementing a smart contract platform with high compatibility, high interoperability, and high scalability.
Collaboration with Coincheck Labs
Coincheck Labs accelerates the growth of the global Web3.0 movement by supporting entrepreneurs, startups and communities that have strong products. Coincheck is one of the largest crypto exchanges in Japan, one of the biggest and most regulated crypto markets. Together with Coincheck, we will accelerate the adoption of Astar Network and Web 3.0 in Japan and in Asia.
About Coincheck
Coincheck, Inc. offers a diverse range of crypto-asset services, including Coincheck, a crypto asset exchange service with the highest number of download apps* and more than a 3.2milions users**. With a mission to make the exchange of new value easier, Coincheck working to develop better services created from crypto assets and blockchain.
* As of December 31, 2021, source App Tweak
**As of December 31, 2021
About Astar Network
Astar Network (previously known as Plasm) is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts. That’s why it’s important for the ecosystem to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.
