AI-driven RWA L2 network Novastro completes $1.2 million seed round financing, led by Woodstock

ChainCatcher news, according to Beincrypto, the AI-driven RWA Layer2 network Novastro has 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 the introduction, Novastro is an AI-driven Real World Assets (RWA) Layer 2 chain that integrates MoveVM and EigenLayer AVS. The 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.