## What Is Animal Concerts (ANML)?

Animal Concerts (ANML) is a blockchain protocol that aims to improve live-streaming, VR, [metaverses](https://coinmarketcap.com/alexandria/glossary/metaverse) and [NFTs](https://coinmarketcap.com/alexandria/glossary/non-fungible-token). According to the project, Animal Concerts is setting a different direction for live events in the metaverse, bringing experiences to fans and collaborating with top artists in the music sphere, while injecting blockchain technology and tokenizing the company's activities.

The mission of Animal Concerts is also to democratize the music industry, allowing emerging artists to express themselves, attract an audience and monetize their work as well. The opportunity to earn rewards goes to both artists and their target audience.

Animal Concerts broadcasts interactive 2D and 3D concerts using virtual reality (VR) technology and provides artists with unique performance venues. Thus, on the Animal Concerts platform, talents of any scale of popularity can perform in front of their fans around the world via the Metaverse. The project's list of collaborations includes Alicia Keys, Future and Busta Rhymes.

The company was established in 2021, and the launch of the native token, ANML, took place on March 29, 2022. With ANML, users can purchase tickets and NFTs, make transactions on the platform, receive discounts and bonuses, participate in the governance, and influence the development of the protocol.

Who Are the Founders of Animal Concerts?

Animal Concerts was established in 2021 by Colin Fitzpatrick (CEO) and Jeff Lombardi (head of investor relations). The project team consists of technology and finance executives, entrepreneurs, programmers and blockchain veterans. Animal Concerts is headquartered in Los Angeles, California.

Colin Fitzpatrick is both a crypto and music enthusiast with a genuine interest in the blockchain industry. He's a tech field veteran with 20 years of experience, he worked at companies such as Oracle, Salesforce, HubSpot and Dell. Fitzpatrick was involved in sales, marketing, management and first invested in cryptocurrency in 2015.

Jeff Lombardi built a venture capital program at Animal Concerts from the ground up, he has extensive investment experience, and he’s skilled in asset and wealth management. In the past, Lombardi has headed many large financial institutions; for instance, he was the head of private wealth for Citibank. Currently, he’s also a partner in Silk Bridge Partners, a venture capital company that specializes in media and financial technologies.

What Makes Animal Concerts Unique?

The blockchain project was officially launched in 2022. The creators plan to revolutionize the music industry by building a next generation venue for artists to perform and interact with fans.

Animal Concerts combined the metaverse, music concerts, virtual reality (VR), non-fungible tokens (NFTs), games, marketing, cryptocurrency and blockchain technology. The development team brought [Web 3.0](https://coinmarketcap.com/alexandria/glossary/web-3-0) to the concert industry, updating the traditional model and providing additional ways to monetize.

On the interactive platform, fans can interact directly with artists, watch live shows and earn rewards for being active and loyal. Moreover, users who stake are more likely to be rewarded.

Animal Concerts aims to bridge the distance between artists and their fan base through streaming live events and the space, where users and musicians can safely communicate and interact with each other. 

For example, the platform hosts NFT drops featuring top artists, where fans can get handwritten lyrics, album artwork, NFT meet and greet experiences and other rare bonuses from their idols. Artists also benefit: aspiring musicians get a platform to promote and grow their fan base, and world-class stars get a creative environment to generate and put on unique and unforgettable shows for subscribers. Creators can promote their work, track results and public reactions.

Related Pages:

Read about [Audius (AUDIO)](https://coinmarketcap.com/currencies/audius/) and [Rhythm (RHYTHM)](https://coinmarketcap.com/currencies/rhythm/).

The latest data about [Ethereum (ETH)](https://coinmarketcap.com/currencies/ethereum/).

What is crypto music and how is it revolutionizing the music industry? Find out with [CMC Alexandria](https://coinmarketcap.com/alexandria/de/article/what-is-crypto-music-and-how-is-it-revolutionizing-the-music-industry).

Everything you need to know about the intersection of blockchain and music is [here](https://coinmarketcap.com/alexandria/article/the-definitive-guide-to-music-crypto-and-nft).

How to buy NFT tokens? Here is the beginner's [guide](https://coinmarketcap.com/alexandria/article/how-to-buy-an-nft-the-beginner-s-guide).

[Check out](https://coinmarketcap.com/alexandria/article/what-is-the-metaverse-an-overview-and-a-deep-dive-of-the-top-metaverses) an overview and a deep dive into the top metaverses by CoinMarketCap.

How Many Animal Concerts (ANML) Coins Are There in Circulation?

ANML is a utility and governance token that powers the Animal Concerts ecosystem and has a maximum supply of 12,500,000,000 coins. The distribution of ANML is as follows:

36% to reserve;

1.59% to completed round;

5% to Private A and 10.91% to Private B;

1.5% to launchpads;

5% to exchanges;

20% to ecosystem/development;

20% to the team.

The ANML token utility:

Token is the main currency for buying concert tickets, NFTs and other products of the ecosystem;

ANML is the business currency for making deals with the Animal Concerts company;

Concert tickets and collectibles are non-fungible tokens that are endowed with a number of advantages and opportunities. All NFTs on the platform can be purchased with ANML;

Token holders receive discounts on partner platforms by making purchases using ANML;

ANML owners participate in governance, voting and other interactions on the platform;

ANML holders have early access to limited merchandise, unique NFTs, free or rare tickets, and collectibles;

Rewards in ANML tokens can be received by all users of the platform, both artists and fans. The more active the participation of users, the higher the discounts and rewards.

How Is the Animal Concerts Network Secured?

The Animal Concerts platform is built on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) blockchain, the ANML token complies with the [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) standard. The network is decentralized, plus it’s secured by the proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus mechanism. PoS does not require a large amount of electricity or computing power to verify transactions, the mechanism allows for a wide variety of applications, ensuring the security of the staked funds.

Where Can You Buy Animal Concerts (ANML)?

As of June 2022, Animal Concerts (ANML) is available on [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/), [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/), [PancakeSwap (V2)](https://coinmarketcap.com/exchanges/pancakeswap-v2/), [AscendEX (BitMax)](https://coinmarketcap.com/exchanges/ascendex/), [MEXC](https://coinmarketcap.com/exchanges/mxc/), [ApeSwap (BSC)](https://coinmarketcap.com/exchanges/apeswap/), [CoinEx](https://coinmarketcap.com/exchanges/coinex/), [BitMart](https://coinmarketcap.com/exchanges/bitmart/), [Greenhouse](https://coinmarketcap.com/exchanges/greenhouse/), [LATOKEN](https://coinmarketcap.com/exchanges/latoken/), [ZT](https://coinmarketcap.com/exchanges/zt/) and [Bitrue](https://coinmarketcap.com/exchanges/bitrue/).

Want to keep track of ANML in real-time? Install the [CMC mobile app](https://coinmarketcap.com/mobile/).

Take a look at the [CMC glossary](https://coinmarketcap.com/alexandria/glossary) for the most essential crypto terms and jargon.

[The Metaverse concerts](https://coinmarketcap.com/alexandria/article/the-metaverse-concerts-where-online-games-and-music-performances-meet): where online games and music performances meet.

[Check out](https://coinmarketcap.com/view/music/) the top music tokens by market capitalization.


Animal Concerts

Trust Wallet

MetaMask

Binance Chain Wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

TENET

Origin Ether

FairERC20

ProBit Token

Charged Particles

Value Interlocking exchange

Work X

Paycoin

CAW(A Hunters Dream)

Wasder

Fideum

BMAX

RunesBridge

Mazze

xx network

CEEK VR (CEEK) is a metaverse platform that connects creators with their fans in virtual worlds, allowing artists to gain attention, reach audiences around the world. CEEK is an AI based platform for virtual landowners and ceek users (ceekers) to build worlds.

Artists get new sources of income, and advertisers get the opportunity to identify user traffic and establish financial transparency by using CEEK VR. Access to the CEEK VR metaverse can be obtained on the official website, as well as via VR headsets: Oculus, HTC Vive and CEEK mobile VR headset.

The manufacturer of virtual reality headsets CEEK VR and headphones CEEK 4D is positioned by the team as "an award-winning developer of premium social virtual and augmented reality experiences." CEEK VR designs are proprietary and can be purchased through major retailers like Best Buy and Target.

The company's mission is to create a clear and easy-to-use decentralized VR entertainment metaverse, where music artists, athletes and event creators acquire the necessary tools to digitally monetize creativity.

CEEK VR allows users to attend live concerts and exclusive events along with their friends, from anywhere in the world, at any convenient time. Moreover, the company suggests that users will be able to participate in the platform's virtual events.

The virtual community has been formed since 2016 and CEEK is currently partnering with Universal Music, Meta Oculus, Apple and Microsoft, T-Mobile and Baptist Health, which allows the project to accelerate audience growth and get strong recommendations. The collaboration with Universal Music gives the CEEK VR platform the rights to use live performances with world-famous artists such as Lady Gaga, Ziggy Marley, Demi Lovato, U2, Sting, Bon Jovi, etc.

CEEK VR

OpenDAO calls itself “the token of the metaverse” and aims to become a central asset for the metaverse and Web3, in a similar fashion as stablecoins like USDC. OpenDAO launched its SOS token on Christmas Day 2021 via an airdrop to all users that had bought, sold or traded NFTs on marketplace OpenSea. The declared goal was to create a way to pay tribute to the NFT creators, collectors and marketplaces and nurture the NFT ecosystem.

OpenDAO aims to build utility for its token by allowing users to mint NFTs with SOS, trade NFTs for SOS on permissionless marketplaces and implement it in games and projects as a governance token.

OpenDAO

Bloktopia is a decentralized metaverse backed by and built on Polygon. In Bloktopia, a decentralized virtual reality skyscraper made up of 21 levels (as recognition to 21 million Bitcoin) acts as a central hub for users to have access to crypto information and immersive content in one place. The so-called Bloktopias can educate themselves in the basics or more advanced crypto learnings, earn revenue by owning virtual real estate, play games, build networks and more. Moreover, advertisers and sponsors can monetize the platform’s userbase through a dedicated NFT mechanism. By providing a VR experience for the crypto community, users can engage in an immersive environment according to Bloktopia’s four core pillars: learn, earn, play and create.

Bloktopia

Voxie Tactics is a free-to-play, 3D turn-based tactical RPG game designed in a retro style. The developers of this virtual universe took inspiration from the classic tactical games of the 1990s and 2000s, but with modern game mechanics and updates in mind. The game offers two main playing modes, called Exploration and Battling, which incorporate game mechanics inherent in RPG games.

Voxies in-game mechanics (market, gear crafting, PvP battles) is the main driving force behind the demand for VOXEL tokens.

Voxies (VOXEL) is the native utility currency of Voxie Tactics, which allows players to purchase weapons, armor, and other in-game items. The token is available in the secondary market, which means that VOXEL tokens can be purchased within the game and then sold in the secondary market, just like Voxies NFTs.

Voxies is the role-playing game project built on blockchain technology where users can play Voxie Tactics and take advantage of the VOXEL token, earning rewards in the process. Gamers can explore the Voxtopia world or challenge other users at the PVP arena. Upon winning, players receive VOXEL tokens and in-game NFT items.

Of the obvious advantages, Voxies is a free-to-play game. Moreover, players do not need to understand the field of cryptocurrency or buy Voxie NFT in order to immerse themselves in the Voxie Tactics universe, Therefore, anyone can join the Voxie universe and start playing instantly.

Who Are the Founders of Voxies?

Voxies (VOXEL) was launched in Q4 2021 by AlwaysGeeky Games.

AlwaysGeeky Games is a team of professionals and enthusiasts that have been in the game development industry for over 15 years. Team members have gained their experience in worldwide studios around the world, among them EA Games, Warner Brothers Games, and Ubisoft. They have also contributed to projects like the Assassin's Creed franchise, the Farcry franchise, Mortal Kombat 11, and the Harry Potter games.

The names behind Voxies:

Steven Ball (Founder / CEO) has been developing games for AAA studios like EA and Ubisoft for over 15 years. He has worked with all stages of development lifecycles, from concept formation to production.

Ash Kurn (Co-Founder / CCO) has an impressive experience in customer service and specializes in quality assurance at WB Games. At work, he constantly strives to bring maximum benefit and joy to the players, trying to understand their way of thinking.

Ryan Sterling (CFO) handles all financial aspects. Prior to AlwaysGeeky Games, he worked as an accountant for major real estate and financial services companies. He is a big fan of the Heroes Might & Magic saga and other role-playing games.

Jake Melendy (CSO) determines the strategic direction of the company. He has been in sales and marketing in the technology space for more than 10 years. On top of that, he has collaborated with prestigious Fortune 100 companies like Oracle.

What Makes Voxies Unique?

In the fourth quarter of 2021, a public demo of Voxie Tactics with PvP Arenas and exploration mode was released. Players can test game mechanics like party selection, equipment loadouts, and PvE battles. The Voxies team also launched an in-game trading platform for trading items like characters, gear, and NFTs.

The Voxies ecosystem includes the following key components:

In-Game Market where players trade in-game items.

Competitive Matches. Gamers take part in two types of player-to-player (PvP) matches to earn VOXEL.

Crafting Equipment. To upgrade in-game goods or increase their rarity, users mix and fuse elements of the game, forming different combinations.

Voxie NFT Collection. There are 10,000 Voxies in existence that are unique and cannot be replicated. In order to create the next generation Voxie NFT, users will need in-game items such as Crystals and a very rare item known as the Catalyst Stone.

Advantages of the tactical RPG, Voxie Tactics:

Anyone can join the Voxie world and start playing right away. Users don't need any crypto knowledge beforehand. They also don't need to own Voxie NFTs or have any capital to get started, they can simply play and earn VOXEL;

Gamers can win contests and rewards by fighting in the PVP arena, or simply by exploring the Voxtopia universe or playing against the computer;

Users earn VOXEL tokens and collectible NFTs that can be bought, sold, traded, and lent on the blockchain.

Related Pages:

Read about Polygon (MATIC) and The Sandbox (SAND).

Take a deep dive into Voxies: features, tokenomics, and price prediction by CoinMarketCap.

What is ERC-20? Find out with the CMC glossary.

The latest data about Ethereum (ETH).

Check out the top NFT games in 2021.

How Many Voxies (VOXEL) Coins Are There in Circulation?

VOXEL is the native token of the Voxie Tactics universe with the maximum supply of 300,000,000 coins. The token distribution is as follows:

Play-to-Earn: 50% of the total supply;

Team: 24% of the total supply;

Binance Launchpad Sale: 10% of the total supply;

Advisors: 7% of the total supply;

Ecosystem: 4% of the total supply;

Private Sale: 3% of the total supply;

Airdrop: 2% of the total supply.

As of December 2021, the circulating supply is 60,093,123.90 VOXEL (23% of the total supply).

$VOXEL use cases:

VOXEL can be earned by playing Voxie Tactics in various modes;

Token owners can exchange VOXE for in-game items on the in-game marketplace;

Token holders can craft items via VOXEL and consumable items;

VOXEL is used to pay the entry fee to the Voxie Tactics PvP arenas.

How Is the Voxies Network Secured?

Voxies (VOXEL) is an ERC-20 built on top of the Ethereum blockchain, so it's secured by the Proof-of-Stake (PoS) consensus mechanism. Moreover, Voxies is audited by CertiK, a company that specializes in blockchain security, utilizing cutting-edge AI and FV technology to secure smart contracts and blockchains.

Where Can You Buy Voxies (VOXEL)?

As of December 2021, Voxies (VOXEL) is available on crypto exchanges, such as Binance, Tokocrypto, Bitrue, QuickSwap, Nominex, XT.COM, DODO Polygon, and ZT.

Want to keep track of VOXEL prices live? Download the CMC mobile app.

Expand your knowledge of crypto with CMC Alexandria.

Have a look at the CoinMarketCap blog.

Check out our list of free-to-play NFT games to get started playing.

Voxies

Cult DAO

RFOX

Deeper Network is backed by Parity, AU21, Digital Renaissance, Master Ventures, Brilliance Ventures, Loopring, SevenX Ventures, UVA, YOUBI Capital, GOBI Partners, CANDAQ, Blocksync Ventures, Republic, ChinaPolka, Titan Ventures, Consensus Lab, Spark Digital Capital and BMW Capital.

Deeper Network also has partnerships with Polkadot, Best Buy, Amazon, Indiegogo, PAID Ignition, Duckstarter, Poolz and Flybit.

Deeper Network

Onyx Protocol is a decentralized platform that facilitates a peer-to-peer money market lending protocol. The Onyx Protocol supports a variety of digital assets, such as Ether (ETH), ERC-20 tokens, ERC-721 tokens, and ERC-1155 tokens, which can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. Furthermore, NFTs can be supplied as collateral to enhance the borrowing capacity of the corresponding account.

Onyx Protocol’s underlying mechanism is powered by Onyxcoin (XCN), a decentralized digital asset on the Ethereum blockchain that serves as both the protocol's governance and utility token. Credit lines accessed and borrowed through the Onyx Protocol do not have monthly payments or expiration dates, and they remain perpetual as long as the collateral is deemed sufficient.

Onyxcoin

Telos

Multichain (MULTI), previously known as Anyswap, claims to be the ultimate router for web3 and has positioned itself as an infrastructure developed for arbitrary cross-chain interactions.

As claimed in their official documentation, Multichain offers solutions that enable nearly all blockchains to interconnect – regardless if it is EVM chains (e.g., Avalanche), Layer 2 chains tied to Ethereum (like Polygon), Parachains networks like Moonbeam on Polkadot, and so on.

Multichain is a prominent name in the cross-chain space, with a rapidly growing network of 26 chains, with Total Value Locked (TVL) reaching highs of over $10.45 billion, and a sustained daily volume of over $100 million. However, the onset of the bear market and recent news of Multichain CEO being uncontactable saw TVL dropping to $1.38B.

Multichain

Stargate Finance (STG) is an omnichain-native asset bridge designed to solve the blockchain trilemma, which says that no blockchain can be decentralized, secure, and fast simultaneously. It does this by simplifying cross-chain DeFi transactions, which lets users transfer and swap their assets between different blockchains, layer-2 networks, and decentralized applications (dApps) almost instantly.

Stargate users can also move their assets between different liquidity pools on various decentralized finance (DeFi) protocols and dApps. The protocol supports transfers between eight chains: Ethereum, Avalanche, Polygon, Metis, BNB Chain, Arbitrum, Optimism and Fantom.

The platform offers several other, profit-making features: users can supply liquidity pools, stake assets, and farm tokens. When users stake their assets, they can help govern the Stargate Finance Exchange.

Stargate Finance

Anchor Protocol is a lending and borrowing protocol offering up to 19.5% yield on stablecoin deposits. Lenders can deposit their UST and earn attractive rates on their investments while simultaneously benefiting from low volatility. Borrowers can turn their LUNA collateral into productive assets without giving up control of it.

Anchor Protocol can thus attract risk-averse investors looking for high-yield, low-volatility investments and increase demand for UST. This advances the adoption of UST as a stablecoin and subsequently the adoption of the Terra project in DeFi. With the increasing adoption of Terra, whose founders are behind the launch of Anchor Protocol, the price of LUNA will increase.

Anchor Protocol

While the concept behind Merit Circle is not entirely new, the project itself is a leading DAO with the goal to maximize value accrual across different games in the metaverse. Its platform is at the intersection of capital, expertise and players — representing investors, platform and managers — and of course,  gamers.

The returns that the project has the potential to make will be able to translate into potentially life-changing income for some of the gamers engaging with it. The players have recognized the value of the project and the scholarship program that was created for them, and there are already over 500 scholars currently playing Axie Infinity.

There are already significant revenues that are flowing into the Circle of Merit, which benefits the DAO itself, as well as players and liquidity providers. More are expected to come, especially since Merit Circle DAO will now start focusing on other opportunities in the metaverse through new games.

Furthermore, Merit Circle boasts an impressive list of partners, including DeFiance Capital, Spartan Group, Yield Guild Games and more. These and others are all industry-leading names, who have praised Merit Circle for building a scalable operational process that can effectively grow, onboard, and sustain new members. In fact, DeFiance Capital’s Arthur said that DeFiance believes that “Merit Circle will be among the top guilds that will be kingmakers in this land.”

All of the partners, plus a number of angel investors, supported the company during its seed round, helping it raise $4.5 million

Merit Circle

Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.

Moonbeam is much more than just an EVM implementation: it’s a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

Moonbeam’s Ethereum compatibility is unmatched:

Minimal Changes: developers can use existing Solidity smart contracts right away, with no need to rewrite or reconfigure

Use Existing Developer Tools: connect popular tools like MetaMask, Hardhat, Waffle, Remix, and Truffle via a complete set of Web3 RPC endpoints. Use well-known Javascript libraries such as Web3.Js or Ethers.Js.

Unified Accounts, Addresses, and Signatures: use your existing Ethereum H160 accounts & ECDSA signatures to interact with Moonbeam

Tap into the Most Integrations on Polkadot: use existing oracles, bridges, wallets, and other tools that are already building on Moonbeam

Moonbeam provides integration and connectivity between Polkadot Parachains as well as with other chains such as Ethereum and Bitcoin via bridges. Moonbeam was started in 2019 by Derek Yoo of Pure Stake.

Moonbeam

Efinity is a cross-chain NFT platform developed by Enjin and built on Polkadot. Efinity was created as the next generation blockchain for digital assets with the aim of adapting to the challenges of the world of non-fungible tokens (NFTs), according to the project.

The main specialization of the Efinity project is the NFT space. With the protocol, traders and gamers can create, distribute, transfer, sell and buy NFTs. Efinity aims to remove barriers to entry into the NFT space/decentralized gaming, and to simplify user experience and digital asset governance.

Efinity Token powers the entire Efinity ecosystem, EFI aims to prioritize the generation, transfer and purchase of tokens using an inter-chain infrastructure of protocols resulting in lower transaction fees. As for incentives, rewards on PoW blockchains with NFT functionality go to miners who create/trade tokens, thereby forming a community.

One of the long-term goals of Efinity is to become a hub for both fungible and non-fungible tokens, accepting tokens from any other chain, facilitating the pricing and exchange of NFTs, increasing transaction volume, and creating network effects.

In December 2021, the project won the Polkadot parachain auction, and in March 2022, Enjin launched their flagship parachain Efinity on the Polkadot Relay Chain — a blockchain platform that provides a decentralized parachain network where people havecontrol over their data and identity.

Efinity Token

The Suterusu Protocol is a second-layer private payment infrastructure for smart contract platforms. The Suterusu Protocol uses the original and most advanced ZK-ConSnark algorithm that does not require a trusted setup. The algorithm’s proof size is significantly reduced and the proof generation and verification efficiency are greatly improved compared with similar solutions. Since no trusted setup is required, it is safe and transparent. The technical paper has been accepted by Eurocrypt 2021(https://eurocrypt.iacr.org/2021/acceptedpapers.php, https://eprint.iacr.org/2021/540). The Suterusu Protocol has been deployed on Ethereum, Binance Smart Chain, Heco, SmartBCH (BCH sidechain), Theta, etc. We plan to deploy Suterusu protocol on the following smart contract platforms including Near, Solana, Avalanche, Moonbeam, Plasma, Matic, etc. It is also the first privacy project funded by the official Cypherpunk Guild Fund of Near. We are also applying for the Solana and Polkadot ecosystem grant. The Suterusu Protocol intends to build a private payment infrastructure for any cryptocurrency. The Suterusu project has received investment from well-known institutions such as Dialectic (a fund founded by the former Polychain partner Ryan Zurr), Fundamental Labs, FBG, Continue Capital, DeFi Alliance, and other well-known institutions.

suterusu

RACA

Astar Network helps developers build decentralized applications (dApps) and layer 2 solutions by providing interoperable web 3.0 infrastructure, financial incentives, incubation programmes and technical support. It seeks 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.

Astar connects the Polkadot ecosystem with layer 1 blockchains like Ethereum and Cosmos. It's a Polkadot Parachain, and was designed as a multi-chain Polkadot dApp hub with support for DeFi, NFTs, DAOs, where developers can move beyond infrastructure and focus more on application development.

The project, which is backed by Binance Labs and Coinbase Ventures, operates on two layers: the first layer is built on the Substrate framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.