Astar Network teams up with Japan’s top mobile carrier on mass adoption of Web3

abdelaziz Fathi

Blockchain innovation hub Astar Network is making strides in promoting the Web3 adoption worldwide. In yet another milestone, the smart contracts platform has onboarded Japan’s top mobile carrier NTT Docomo to collaborate on mass adoption of Web3 as well as its social implementation.

NTT Docomo will invest as much as $4 billion on the next-generation internet technology as it seeks to take a leading 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 expedite the growth of Web3 in their native Japan, the two companies will collaborate on three fundamental areas to develop related infrastructure and services. That includes:

  • Sustainable development goals: Creating case studies for solving economic and environmental issues using web3.
  • Elimination of technology gaps and insecurity: Removing barriers to broader Web3 adoption through education.
  • Nurturing Web3 talent: Providing opportunities for engineers and business leaders to learn and gain practical web3 experience.

Additionally, a consortium will be established that gives individuals and corporations the ability to utilize tokens for governance, a cornerstone of Web3 which supports democratic decision-making.

Astar Network CEO Sota Watanabe said: “Web3 and related technologies are about to cross the chasm and are on the verge of mass adoption. In this context, more robust cases with excellent user experience on an infrastructure that is accessible to everyone is essential. It is about making a society where more people can truly enjoy the benefits of Web3, not just engineers. Collaborating with NTT Docomo, a company that has created case studies that have been used by tens of millions of people, we will further spread Web3.”

Astar Network is a Japanese-based bridge connecting layer-1 blockchains like Ethereum and Cosmos with 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 enables token holders to stake tokens on their favorite dApp, meaning web3 developers can earn a basic income through staking rewards. Apps that run directly on nodes suffer high latency and downtime because nodes are general-purpose and not designed to be highly available. As such, Astar is serving as the parachain that connects Polkadot to all major Level 1 blockchains.

Earlier in September, Astar Network run a national newspaper ad in Japan that set a new global record with participation from 329 blue-chip firms. It says its latest advert was a way of supporting the Japanese government and politicians who want to take the country into the Web3 era. Network CEO Sota Watanabe is already helping the government as well as some of its key business players on a path forward in Web3.

  • Read this next

    Retail FX

    Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

    Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

    Retail FX

    Lark Funding reopens to US traders, MyFundedFX picks cTrader

    Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

    Institutional FX

    Cboe FX volume falls to lowest level since summer

    Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

    Retail FX

    ThinkMarkets secures lucrative DFSA license in Dubai

    Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

    Digital Assets

    New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

    Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

    Digital Assets

    Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

    Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

    Digital Assets

    Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

    Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

    Institutional FX

    Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

    Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

    Industry News

    Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

    In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.

    <