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.