To kick start more buidling on the layer-2 network Starknet, the eponymously named Foundation and Web3 wallet provider Argent are teaming up to launch a new startup incubator.

Called Hito Studios, the platform will provide all the bells and whistles a new startup needs, including legal support and hiring.

Starknet-based teams like Unframed, an NFT marketplace, and Ekubo, a Uniswap-esque decentralized exchange native to Starknet, have already joined to assist the launch.

“We have achieved significant milestones in enhancing the performance and scalability of Ethereum on Starknet,” Starknet Foundation’s CEO Diego Oliva shared with Decrypt. “Nevertheless, to achieve widespread adoption, it is also crucial to foster the participation of numerous teams in developing products that address substantial issues and deliver meaningful value to users.”

The move comes after, per Argent co-founder Itamar Lesuisse, the industry more or less solving concerns around scalability

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Author: Liam J. Kelly

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