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Sony Network Communications and Astar Network Set Up Web3 Incubation Program

Astar Network and Sony Network Communications, Inc, an operating company of the Sony Group, are delighted to report a tremendous response from developers worldwide for their new Web3 Incubation Program they are co-hosting.

Since its launch on February 17, 2023, the Incubation Program has seen a strong response, with over 150 registrations. The deadline to apply is fast approaching; applications must be submitted by 11:59 PM Pacific Time on Monday, March 6th.


Significance of this Move

 Both Sony Network Communications and Astar Foundation will review all applications and select 10 to 15 cohorts for this incubation program. This professional collaboration aims to provide an opportunity for innovative Web3 projects to develop and accelerate their growth. 

Sony Network Communications is investigating the potential of blockchain technology to address various issues in their sector. This strategic partnership with Astar Network provides the means to effectively identify applicable Web3 solutions. By combining their resources and knowledge, they are jointly fostering Web3 projects centered on the utility of NFTs and DAOs.

This program invites participants from across the globe, irrespective of the Web3 developmental stage, to join its learning sessions. These sessions include insights and advice from esteemed global VC firms such as Dragonfly and Alchemy Ventures and numerous other cutting-edge Web3 companies.

Info About Sony Network Communications And Astar Network

The Sony Group operates a wide array of businesses, such as gaming solutions, pictures, entertainment techs, sensory solutions, and even financial services. In April 2022, the Sony group created the Singapore-based company, Sony Network Communications Singapore Pte. Ltd; this branch was particularly made to deal with various NFT-oriented development and outsourcing services.

On the other hand, Astar Network provides developers with true interoperability through the use of EVM, WASM, XCM, and XVM. Their model incentivizes developers for the work they do, enabling them to earn rewards for their dApp creations via a cool dApp staking system.