Sony Network and Astar Network have partnered to launch the web3 incubation program.
The program will support projects focused on the usefulness of NFTs and DAOs.
The incubation program will be organized by Startale Labs.
Astar Network and Sony Network have set up the 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.
The partnership has seen the two entities launch a Web3 incubation program for projects focused on the utility of Non-Fungible Tokens (NFTs) and Decentralized Autonomous Organizations (DAOs).
The companies revealed that Singapore-based Startale Labs will organize the Web3 incubation program. The program will run from mid-March to mid-June 2023. Projects interested in joining the program can apply starting today, Friday 17th, until March 6th.
According to the companies, the accepted projects will be divided into 10 to 15 groups. They will learn various aspects of web3 ecosystems from global venture capital firms such as Dragonfly, Fenbushi Capital, and Alchemy Venture.
The incubation program will focus on real-world use cases for the blockchain
According to Sony Network Communications, the incubation program is designed to look at different ways that blockchain technology can solve many problems in their industry.
Furthermore, Sony Network could invest in projects in the incubation program. Astar Network has launched some exciting features since the beginning of the year.
Last month, Astar Network Cross-Virtual Machine launched (XVM) on the Shibuya Public Test Network. At the time, Astar Network stated that it allowed projects to build on its network of seamless interoperability between different smart contract environments such as the Ethereum Virtual Machine (EVM) and WebAssembly (WASM).
In November 2020, Astar Network also Swanky rolledA comprehensive tool that provides developers with what they need to easily create WebAssembly Smart Contracts (WASM).
Also in January, Astar Network partnered with Toyota, one of the world’s leading auto manufacturers, for the Web Hackathon 3.