• Sony Network Communications and Astar Network have partnered to launch a web3 incubation program.
• The program will run from mid-March to mid-June of 2023 and support projects that focus on the utility of NFTs and DAOs.
• The incubation program is designed to look at the various ways blockchain technology can solve numerous problems in their industry.
Sony Network & Astar Partner for Web3 Incubation Program
Sony Network Communications, a business division of The Sony Group, has announced a strategic partnership with Astar Network, a leading multi-chain smart contract network. They have launched a Web3 incubation program for projects that focus on the utility of non-fungible tokens (NFTs) and decentralised autonomous organizations (DAOs). Singapore-based Startale Labs will organise the Web3 incubation program.
The program will run from mid-March to mid-June of 2023. Projects interested in joining the program can apply starting today, Friday 17th, until March 6th. According to the companies, accepted projects will be divided into 10 to 15 groups who will learn various aspects of the web3 ecosystems from global venture capital firms such as Dragonfly, Fenbushi Capital and Alchemy Venture.
Focus on Real World Use Cases
The incubation program is designed to look at the various ways blockchain technology can solve numerous problems in their industry. Furthermore, Sony Network can invest in projects in the incubation program.
Astar Network has rolled out some exciting features since the start of the year. Last month, Astar Network launched its Cross-Virtual Machine (XVM) functionality on the public testnet Shibuya which allows for interoperability between different smart contract environments such as EVM and WASM. In November 202, Astar Network also rolled out Swanky which gives developers what they require to build WASM smart contracts easily.
Partnership With Toyota
In January this year, Astar Network partnered with Toyota Motor Corporation’s Mobility Services Platform division to develop an open platform using blockchain technology that would enable sharing services providers to facilitate car sharing services more securely and efficiently than ever before