Sony, Astar launch joint Web3 incubator to bolster practical growth

Now that the extreme hype wave around Web3 and Metaverse projects has relaxed, the door has opened for blockchain projects geared toward practical applications to thrive. An ecosystem under less public scrutiny at every turn can develop meaningful products without unnecessary oversight.

Timeline of Astar

On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a Web3 incubation program with the multichain smart contract platform Astar Network. The program has started accepting applications, and Sony and Astar will jointly mentor Web3 projects “focused on the utility” of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs).

Astar Network (ASTR), one of the parachains of the Polkadot blockchain is seeing intense price action today. According to data from CoinMarketCap, Astar Network is changing hands at $0.0797, up 24% over the past 24 hours and 30.05% over the past week.

Singapore, Singapore, 9th January, 2023, Chainwire With XVM, smart contracts will work seamlessly regardless of which language they are written with or which smart contract environment they use Astar Network, the smart contract platform for multichain, today announces the launch of its Cross-Virtual Machine (XVM) functionality on the public testnet Shibuya.

Astar Network (ASTR/USD), a leading Polkadot parachain with multi-chain smart contracts support, is the ‘Product of the Year' winner after bagging the award at the 4th annual Blockchain Award.

Tokyo, Japan, 23rd December, 2022, Chainwire Astar Network, the smart contract platform for multichain, has been awarded the Product of the Year at the 4th annual Blockchain Award by the Japan Blockchain Association.

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Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network's Sota Watanabe, believe the protocol cannot “build the innovative future of blockchain alone.

Opposite to the downtrends of crypto prices, web 3 developments continue to make headlines almost daily. Following the UAE's initiative to make the Emirates a metaverse and web 3 technology centre, Japan officially enters the web 3 zone.

The City of Fukuoka has joined forces with Astar Japan Lab to explore local Web3 use cases, as part of its mission to become a hotbed for blockchain technology innovation in the country.

Astar Network innovation hub has partnered with blockchain marketing firm Market Across to jointly organize the Polkadot Summit during the upcoming San Francisco Blockchain Week, slated for November 4, 2022.