Novastro, an AI-powered RWA Layer2 network, announced the completion of a $1.20 million seed round led by Woodstock, with participation from Faculty group, Double Peak group, Cogitent, X21 and Sam Tapaliya.
According to the introduction, Novastro is an artificial intelligence-powered real-world asset (RWA) Layer 2 chain that integrates MoveVM and EigenLayer AVS. The network is designed to provide Ethereum-level security while leveraging the efficient scalability of the Move language to support tokenized revenue applications in the RWA and DeFi space. Its core framework is built around the RUSD stablecoin, which is designed for tokenization and trading of real-world assets.
RWA L2 Network Novastro completes $1.20 million seed round
2025-01-10 00:53:46
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