Sony Network Communications and Astar Network Launch a Joint Web3 Inccubation Program
Tokyo, Japan, 17 February 2023. ChainwireSony Network Communications inc., an operating company under the Sony Group, will host a Web3 Incubation Program together with Astar Network, a smart contract platform for multichain. Astar Network and Sony Network Communications will pool their resources and expertise to foster Web3 projects that focus on the utility and DAOs. The Web3 Incubation Program powered Sony Network Communications and Astar will be available from mid-March through mid-June. The program will open for applications starting February 17. Astar Foundation and Sony Network Communications will review all applications and select 10 to 15 cohorts. Astar and Sony will collaborate with Startale Labs (a Singapore-based company founded in 2012 by Sota Watanabe), to organize the incubator program. Sony Network Communications is looking at how blockchain technology could solve different problems in their industry. The Incubation program they have created with Astar Network allows them to quickly locate the right Web3 solutions. Sota Watanabe (CEO of Startale Labs) and Astar Network said, “We are happy to launch the Web3 Incubation program with Sony Network Communications. This company is part of the Sony Group and has been involved in NFT sector and other Web3 initiatives within their Group. We hope to use the combined knowledge and resources of both companies in order to create new use cases for and projects and provide value to the participants. Startale Labs is a developer of dApps and infrastructure, and offers business consulting services based upon its expertise in multi-chain protocol design. It acts as a gateway for large companies to integrate with Astar Network. Startale will offer business strategy and tech support for participating projects by leveraging Astar’s past consulting and R&D expertise. Ltd. Ltd. It will feature learning sessions with global VC companies such as Dragonfly Capital, Fenbushi Capital and Alchemy Ventures, as well as Web3 companies and workshops on business and technology strategy. A demo day will be held in Tokyo at the Sony Group headquarters during Japan Blockchain Week. It will include: Direct connections and feedback from world-class Web3 companies like Web3 Foundation and Alchemy as well as free access and information sessions.
Astar and Sony Network Communications offer financial assistance and tech support. Sony Network Communications will consider investing in promising companies.
A Demo Day with Sony Network Communications. Product growth support for Astar team.
The following page is for applicants who are interested in the program. Astar Network’s “Asia Strategy” has proved to be a success for Polkadot, the most popular parachain. It has formed partnerships with three of Japan’s largest corporations, including NTT Docomo and Sony, since its mainnet launched in January 2022. About Sony Network CommunicationsThe Sony Group owns a number of businesses including Music, Pictures, Entertainment Technology & Services, Imaging & Sensing Solutions, Financial Services, and Game & Network Services. Sony Network Communications, a business unit of the Sony Group is involved in the communication, IoT, AI, and solution business. It also promotes new businesses through the use of assets within the Sony Group. Sony Network Communications Singapore Pte was established in April 2022 by Sony Network Communications. Ltd. was established in Singapore by Sony Network Communications to provide NFT-related development outsourcing and consulting services. Astar’s unique Build2Earn model allows developers to get paid through a mechanism that dApp staking for their code and the apps they build. It also supports interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar Network is supported by all major exchanges as well as tier 1 VCs. Astar allows developers to build their dApps using all Ethereum and WASM tools. Twitter