Astar Network awarded Product of the Year by Japan Blockchain Association
“We are delighted to have been recognized by the Japanese Web3 community. As Japan’s leading blockchain project, we remain committed to accelerating Web3 innovation through Astar. In 2023 and beyond, we will leverage our presence in Japan to unlock opportunities for entrepreneurs, developers, and users alike.”
Astar Network has been awarded the Product of the Year at the 4th annual Blockchain Award by the Japan Blockchain Association, with the firm’s founder and CEO Sota Watanabe bagging the Person of the Year award for the second consecutive year at the same event.
Both have been confirmed as the favorites of the Japanese Web3 community in a survey conducted by the Japan Blockchain Association, the largest blockchain association in Japan.
JBA consists of 171 companies including bitFlyer, Coincheck, Microsoft, GMO, EY, Deloitte, PwC, KPMG, Toyota, and ConsenSys.
Astar works closely with Japan government to accelerate Web3 innovation
Sota Watanabe, the founder and CEO of Astar Network, said: “We are delighted to have been recognized by the Japanese Web3 community. As Japan’s leading blockchain project, we remain committed to accelerating Web3 innovation through Astar. In 2023 and beyond, we will leverage our presence in Japan to unlock opportunities for entrepreneurs, developers, and users alike.”
The awards come at a time when the Japanese government has made Web3 a part of its national strategy. As a leading Layer-1 chain in Japan, Astar is the go-to blockchain for developers and enterprises interested in exploring the Japanese Web3 space.
Astar Network is also the first public blockchain from the country to be listed there despite Japan’s strict listing regulations. Astar’s native token ASTR is registered as a cryptocurrency, not a security, by the Japanese government.
Chief executive Sota Watanabe, who’s been featured in the Forbes 30 Under 30 for both Asia and Japan, has been actively working with the Japanese government to help bring about Web3 innovation.
Astar supports the building of dApps with EVM and WASM smart contracts
Astar Network is a parachain of Polkadot that enables developers to build interoperable dApps. The Layer-1 chain supports both EVM and WASM smart contracts with cross-consensus messaging (XCM) and cross-virtual machine messaging (XVM).
The firm’s Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.
Astar is supported by all major exchanges and tier 1 VCs and offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps.