“Giant” Sony collaborates with Astar Network for the Web3 incubator plan

Sony Network Communications hopes the plan in partnership with Astar Network will investigate how blockchain engineering can resolve several complications in their field.

Sony Network Communications, a corporate division of Sony Corporation, has partnered with multichain clever contract network Astar Network to launch a Web3 incubator plan for NFT-centered utility tasks and decentralized worth self-funding organizations (DAOs).

According to the press release, the Web3 incubator plan will be hosted by Singapore-primarily based Startale Labs, a firm founded by Astar Network CEO Sota Watanabe, and will run from mid-March to mid-June this 12 months. Applications for the plan open on February 17 and near on March six.

Those accepted into the plan will be divided into groups of ten to 15, and sessions will be offered by foremost crypto investment money in the field this kind of as Dragonfly, Fenbushi Capital, and Alchemy Venture.

The plan intention for Sony Network Communications is to investigate how blockchain engineering can resolve several complications in their field. Projects in this plan might also be regarded as for investment by Sony Network Communications.

The incubator plan is element of Astar Network’s ongoing partnerships with businesses hunting to investigate use instances for Web3 engineering. Over the previous week, a single of the initially parachains to join the Polkadot ecosystem also partnered with automotive giant Toyota in the Web3 hackathon.

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