One of the most active parachains on the Polkadot network, Astar Network, has revealed the Astar 2.0 Vision as part of a shift towards more cutting-edge developments that would advance the protocol as a whole. The Astar 2.0 Vision contains important network elements related to token redesign, organisational structure, and the technology underpinnings to support the adoption of Web3.0.
One of the most adaptable Polkadot parachains available right now is Astar Network. Astar Network, a multichain protocol, is actively working to acquire momentum with organisations and brands; the majority of them have already begun developing specific Web3.0 products on it. The Cross-Virtual Machine (XVM), which went live on testnet earlier this year, is one of the significant items documented this year.
Astar Network has tapped into functional collaborations with leading companies like Toyota Motor, with whom it announced a hackathon earlier this year, as a protocol suited to satisfy the objectives of institutions considering an entry into the Web3.0 world.
Micropayments and less well-liked options like non-fungible tokens (NFTs), which the Japanese Railway operator launched, have both found success on the Astar Network. The switch to Astar 2.0 will support these developments and aid in establishing its position among the leading protocols in the sector.
Astar Network token response
ASTR, the native token of the Astar Network, has benefited from this increase over time with its planned growth during the previous few months. The ASTR token has gained 11.63% to $0.04943 at the time of writing, maintaining its accumulated rise of 31.28% YTD.
Prior to the significant implementation of Astar 2.0, Astar’s standing is gaining from the excitement surrounding both its local ecosystem and the Polkadot network.
