Novastro developers completed a seed round and raised $1.2 million
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Johny Smith
2025/01/21
3 mins read
The creators of the blockchain startup Novastro have successfully closed a seed round of financing. They received investments in the amount of $1.2 million. The leader of this stage was the Woodstock fund. Other participants include such large companies as Founder Heads, CSP DAO, Cogitent Ventures and Faculty Group. The project also received support from angel investor Sam Tapalia, known for his investments in Web3 projects.
Novastro is developing a Layer 2 (L2) blockchain aimed at integrating real-world assets (RWA) into decentralized ecosystems. The project is based on the Movement infrastructure and aims to simplify the work with physical assets through the chain, which makes it a promising solution for the tokenization market.
The collected funds are planned to be used to develop the basic architecture of the network and attract developers. The platform is expected to allow the tokenization of assets such as real estate, gold or commodities, making them more accessible to market participants.
An important aspect of the site will be the emphasis on safety and reliability. Novastro plans to provide partners with tools to track and confirm the authenticity of tokens, which is especially important in the context of working with real assets.
Interest in the startup project is explained by the growing popularity of RWA networks. Experts note that tokenization of real assets opens up new opportunities for investors and companies, reducing barriers to entry into the market. The founders of the startup plan to launch the 1st version of the network in the coming months and integrate with large DeFi platforms. Thanks to the support of leading venture capital funds, Novastro is well positioned to take a prominent place in the RWA space.
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