Blockchain innovation hub Astar Network is making strides in driving Web3 adoption around the world. In another milestone, the smart contract platform has onboarded Japan’s leading mobile operator, NTT Docomo, to collaborate on mass adoption of Web3 as well as its social implementation.
NTT Docomo will invest up to $4 billion in next-generation Internet technology as it seeks to take a leadership position using its mobile infrastructure over the next 5-6 years. Under the hood, Astar Network and NTT Docomo will foster initiatives that address technological, social and organizational challenges.
To accelerate Web3’s growth in their native Japan, the two companies will collaborate on three core areas to develop related infrastructure and services. Including:
- Sustainable Development Goals: Creation of case studies to solve economic and environmental problems using web3.
- Elimination of technology gaps and insecurity: Breaking down barriers to wider Web3 adoption through education.
- Nurturing Web3 talent: Provide opportunities for engineers and business leaders to learn and gain hands-on web3 experience.
Additionally, a consortium will be created to give individuals and businesses the ability to use tokens for governance, a cornerstone of Web3 that supports democratic decision-making.
Astar Network CEO Sota Watanabe said, “Web3 and related technologies are on the verge of crossing the chasm and are on the verge of mass adoption. In this context, more robust boxes with an excellent user experience on an infrastructure accessible to all are essential. It’s about creating a society where more people can actually enjoy the benefits of Web3, not just engineers. By collaborating with NTT Docomo, a company that has created case studies that have been used by tens of millions of people, we will continue to deliver Web3.
Astar Network is a Japan-based bridge connecting layer-1 blockchains like Ethereum and Cosmos to the Polkadot ecosystem. It was recently voted the most popular blockchain in the country by the Japanese Blockchain Association.
Astar Network is the only Polkadot parachain that allows token holders to stake tokens on their favorite dApp, which means Web3 developers can earn basic income through staking rewards. Applications that run directly on nodes suffer from high latency and downtime because nodes are general purpose and not designed to be highly available. As such, Astar serves as a parachain that connects Polkadot to all major Tier 1 blockchains.
Earlier in September, Astar Network ran an ad in a national newspaper in Japan that set a new world record with 329 blue chip companies participating. He says his latest ad was a way to support the Japanese government and politicians who want to bring the country into the Web3 era. The network’s CEO, Sota Watanabe, is already helping the government as well as some of its major commercial players on the way forward in Web3.