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Argent and Starknet Foundation Secure Funds to Establish New Studio

Posted on September 2, 2023

Starknet Foundation is partnering again to sponsor builders seeking to launch on Starknet.

To stimulate additional creation on Starknet, a layer-2 network, the self-named foundation and Argent, a Web3 wallet provider, are partnering to introduce a fresh startup incubator. Referred to as Hito Studios, this platform will offer additional features needed by a new startup, which includes legal hiring and support.

Starknet-founded teams, for instance, Unframed, a nonfungible token (NFT) marketplace, and Ekubo, a Uniswap-like decentralized exchange native to Starknet, have joined to aid in the launch. Diego Oliva, Starknet Foundation’s chief executive officer, revealed they had attained major milestones in improving Ethereum’s adaptability and performance on Starknet.

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Starknet Studio to Prioritize Unity of Direction During Development

However, to attain extensive adoption, it would be essential to facilitate the inclusion of several teams in developing products that address significant problems and offer relevant value to users.

According to Itamar Lesuisse, this move follows concerns in the industry concerning user experience and adaptability. He restated that despite being at a stage where they have an infrastructure, the UX and wallet use cases are still needed.

Further, Lesuisse claimed that Hito had set aside ‘several million’ in funding for various projects that rely on the ‘unlikeness’ of Starknet’s abilities to develop primary primitives. Examples of required elements include DEXs, options, NFT verticals, lending, and options.

Starknet and Argent have been collaborating, with the famous Web3 wallet being the most preferred by users joining Starknet.

Hito Studio Introduced to Enhance Activity Without Sign-Off

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This wallet was among the first to introduce account abstraction in production. It unveiled various features such as account recovery and probing session keys.

The wallet facilitated the capability to allow transactions to occur for a specific period without needing always to sign off. Starknet is the equation’s other side and provides a layer-2 solution to improve Ethereum’s capabilities.

Introducing Hito Studios is an excellent way to enhance activity on Starknet. Lesuisse claimed that they were surfing on the growth of Starknet since it is where the action takes place for them. Further, he claimed that the ecosystem’s growth was more essential than Argent’s market share growth.


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