Alchemy, a pioneer in the blockchain developer platform, announced a partnership with Astar Community to accelerate Web3 development on Polkadot.
The collaboration will enable developers can utilize Alchemy’s robust API to design sophisticated applications that include functionality not available on the Polkadot network.
Alchemy further suggested that web3 developers might make a primary income through staking awards, a local feature of Astar.
Rob Boyle, Head of Product at Alchemy, stated:Â “Alchemy infrastructure makes it simpler for builders to construct any dApp with infinite scalability, accuracy and reliability. We’re thrilled to mix forces with Astar to foster a period of higher Web3 constructing that can energy the decentralized functions of tomorrow.”
Astar enables developers to interact with the Polkadot ecosystem by developing decentralized applications (dApps) leveraging EVM and WASM smart contracts via the Polkadot blockchain’s Cross Consensus Messages (XCM).
Alchemy, which operates 70% of its services on the Ethereum blockchain, introduces a fresh new enterprise model centered on decentralized finance (DeFi).
The blockchain firm has also received backing from notable investors such as Jay-Z, Will Smith, and John Schwab, among others. Since its founding in 2017 by two Stanford University classmates, Nikil Viswanathan and Joe Lau, Alchemy has made significant progress.
