According to ChainCatcher news reported by Beincrypto, the AI-driven RWA Layer2 network Novastro announced the completion of a $1.2 million seed round financing, led by Woodstock, with participation from Faculty group, Double peak group, Cogitent, X21, and Sam Tapaliya.
According to reports, Novastro is an AI-driven real-world asset (RWA) Layer 2 chain that integrates MoveVM and EigenLayer AVS. This network aims to provide Ethereum-level security while leveraging the efficient scalability of the Move language, supporting tokenized yield applications in the RWA and DeFi sectors. Its core framework is built around the RUSD stablecoin, which is specifically designed for the tokenization and trading of real-world assets.