Tokyo, Japan, February 17, 2023, Chainwire
Sony Network Communications, Inc., a Sony Group operating company, will co-host a Web3 incubation program with Astar Network, the smart contract platform for multi-channel. Sony Network Communications and Astar Network will combine their resources and expertise to jointly develop Web3 projects focused on the utility of NFTs and DAOs.
The Web3 incubation program powered by Sony Network Communications and Astar will run from mid-March to mid-June. The program will begin accepting applications on February 17. Sony Network Communications and the Astar Foundation will review all applications and decide on 10-15 cohorts. Sony and Astar will work with Startale Labs, a Singapore-based company founded by Astar Network CEO Sota Watanabe, to organize the incubation program.
Sony Network Communications explores how blockchain technology can solve various problems in its industry. This Incubation program with Astar Network allows them to quickly find relevant Web3 solutions.
Sota Watanabe, CEO of Startale Labs and Astar Network, said, “We are pleased to launch the Web3 incubation program with Sony Network Communications, one of the Sony group companies, which has been involved in the NFT sector and other Web3 initiatives within the group. We hope to share the knowledge and resources of both companies to bring value to selected participants for the program and create new use cases and projects..”
Startale Labs develops dApps and frameworks and provides business consulting services based on its expertise in multi-chain protocol development. It also serves as a gateway for large enterprises to integrate with Astar Network. Startale will provide business strategy and technical support to participating projects by leveraging Astar’s expertise in development, consulting and R&D.
Sony Network Communications continues its mission to support new organizations that take advantage of the telecommunications business and assets within the Sony Group. ltd. They have set up a regional office in Singapore to conduct contract development and consultancy related to NFT products.
The program invites participants from all over the world, regardless of their Web3 start-up phase. It will include learning sessions with global venture capital firms such as Dragonfly, Fenbushi Capital and Alchemy Ventures; and Web3, as well as business and technology strategy workshops. In mid-June, an offline demo day will be held at Sony Group headquarters in Tokyo during Japan Blockchain Week.
Participating Web3 projects will benefit from:
- Direct connections and commentary with world-class Web3 companies such as Web3 Foundation and Alchemy, plus free access to information sessions.
- Resources, technical support and financial assistance from Sony Network Communications and Astar. Promising companies will be considered for investment from Sony Network Communications.
- A demo day with Sony Network Communications and product growth support for the Astar team.
Candidates interested in the program should apply on the next page.
Astar Network’s “Asian strategy” has been successful for Polkadot’s most popular parachain. Since its launch on the mainnet in January 2022, it has entered into partnerships with three of Japan’s biggest companies, including NTT Docomo, Sony and Toyota.
About Sony Network Communications
The Sony Group operates a variety of businesses such as games and network services, music, images, entertainment technologies and services, imaging and sensing solutions and financial services. As a commercial company of Sony Group, Sony Network Communications is involved in communication business, IoT, AI and solution services, and promotes new businesses using assets within Sony Group. In April 2022, Sony Network Communications established Sony Network Communications Singapore Pte. ltd. in Singapore to engage in NFT-related outsourcing and development consultancy business.
About Astar Network
Astar Network supports building dApps with EVM and WASM smart contracts and offers developers true interoperability with Cross Consensus Messaging (XCM) and Cross Virtual Machine (XVM). Astar’s unique Build2Earn model allows developers to get paid through a dApp staking mechanism for their code and the dApps they build.
One of the first parachains to come to the Polkadot ecosystem, Astar is a dynamic network that is backed by all major exchanges and Tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM tools for developers to start create their dApps. To accelerate growth on the Polkadot and Kusama networks, Astar SpaceLabs offers an incubation hub for the best TVL dApps.
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