Sony Network Communications (a technology provider under the umbrella of the Sony Group) partnered with Polkadot’s innovation hub, Astar Network, to introduce a Web3 Incubation Program.
Users who wish to join can apply until March 6, 2023.
Focusing on NFTs and DAOs
According to a document seen by crypto potato, the program will run from mid-March to mid-June, as people can apply from February 17 to March 6. Partners will review inquiries and approve 10-15 users. Sony Network and Astar Network will also collaborate with Startale Labs to present the Web3 event, focusing on the utility of DAO and NFT.
Sony Network has already begun exploring the field of blockchain, raising hopes that the partnership will enable them to offer consumer-applicable Web3 solutions.
Sota Watanabe, CEO of Astar Network, said that he is “pleased” to participate in the initiative together with a company with rich experience in the NFT sector.
“We look forward to sharing the knowledge and resources of both organizations to bring value to selected program participants and create new use cases and projects,” he added.
The Web3 Incubation Program is open to people from all regions of the world. He will launch educational sessions with venture capital firms such as Fenbushi Capital, Dragonfly, Alchemy Ventures and others.
Sony Network and Astar Network will provide the necessary technical support, resources and financial assistance to all members of the project. They will also ensure direct connection and feedback to “world class Web3 companies”.
Previous Astar Upgrades
The smart contract innovation hub that connects the Polkadot ecosystem with all layer 1 blockchains recently inserted its XVM functionality on the public Shibuya testnet, allowing different projects to interact with each other. CTO Hoon Kim explained:
“We have been working hard to create the foundation for the future, regardless of the external influences that are happening now. And today, I’m proud to introduce one of our most important features in achieving Astar Vision; the cross virtual machine (XVM). It will be the beginning of the next wave of innovation for dApps.
Astar will not only have interoperability through XCM (Cross-chain Messaging) with other parachains, but will also have interoperability between different smart contract environments.”
Polkadot Parachute United with blockchain entity Alchemy last summer to accelerate the development of Decentralized Finance (DeFi) by unlocking rewards and more opportunities for participants.
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