PANews reported on January 10 that according to Beincrypto, the AI-driven RWA Layer2 network Novastro announced the completion of a US$1.2 million seed round of 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. 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 fields. Its core framework is built around the RUSD stablecoin, which is designed for the tokenization and trading of real-world assets.