The funds will be utilized to recruit industry leaders to execute EVM and WASM, and also to support and develop Astar native ecosystem ventures. In its most recent strategic fundraise, Astar, a multichain DApp protocol previously known as Plasm, secured $22 million.Polychain led the investment round, which also included Alameda Research, Crypto.com Capital, Digital Finance Group, and several more angel investors. After raising the Polkadot parachain slot last December, Astar gained momentum, and the protocol was formally released on January 17.Astar is presently focusing to become the first protocol to facilitate both the Ethereum Virtual Machine (EVM) and WebAssembly (WASM) on its Polkadot parachain. Though EVM is now in operation, the platform will soon switch to WASM.The Astar team is collaborating with Parity Blockchain on a WASM integration. Astar facilitates several EVM and non-EVM layer-1 bridges as it is a multichain protocol. Two Ethereum bridges are now functional, with a Cos
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