Wednesday, May 29, 2024

Fujitsu launches Web3 accelerator platform for startups and partner companies

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Japan-based multinational technology company Fujitsu announced the launch of a new platform on February 8, designed to support Web3 developers around the world.

According to a report by Fintech Times, Fujitsu’s Web3 Acceleration Platform seeks to provide a development environment, service APIs based on blockchain, high-tech computing, simulation, artificial intelligence, and combinatorial optimization, for startups, partner companies, and universities that build Web3 applications and services.

The company said its platform aims to support the creation of a diverse ecosystem of Web3 applications across a range of use cases, such as digital content rights management, commercial transactions, contracts, and operations. It will also provide free access to selected participants in its global partner program, the Fujitsu Accelerator for CaaS Program. As of March 2023, program partners will have access to the platform in Japan, while the company plans to expand its availability globally later in the year.

Fujitsu has identified three main themes for its Web3 platform, including “Achieving a community of shared creativity through decentralized autonomous organizations (DAOs), managing rights and use of digital content, and achieving digital trust.” To support the development of its new platform, Fujitsu plans to hold a global planning and development competition, aimed at building and implementing DAO communities and creating new Web3 services.

Related: Cronos Labs Accepts Second Set for Web3 Program Backed by $100 Million

Web3-based accelerators have grown over the past year. As previously reported by Cointelegraph, the Web3 Beacon accelerator recently completed its first batch with 13 companies graduating and showcasing their blockchain-based startups. Called “Cohort 0,” the group started in October with 15 companies across the DeFi, gaming, and cryptocurrency sub-infrastructure sectors.

On January 31, Cointelegraph also reported that blockchain startup accelerator Cronos Labs announced opening applications for its second class of $100 million backed Cronos Accelerator Program.

Cointelegraph has reached out to Fujitsu for comment, but did not receive a response at the time of publication.