Sony Network Communications hopes that this project will look into “how blockchain technology can be used to help their industry deal with a variety of problems.” It’s Sony’s turn to make headlines in the metaverse news.
Sony Network Communications, a part of The Sony Group, is working with multi-chain smart contract network Astar Network to create a Web3 incubation program for non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) (DAOs).
Astar Network CEO Sota Watanabe’s business, Startale Labs, which is based in Singapore, will run the Web3 incubation program, which will run from mid-March to mid-June of this year. Program applications start on February 17 and end on March 6.
People chosen for the program will be split into 10 to 15 groups, and learning sessions will be led by global venture capital firms like Dragonfly, Fenbushi Capital, and Alchemy Venture.
The goal of the program is to look into “how blockchain technology might help solve different problems in their sector.” Sony Network Communications could also think about putting money into projects in the program.
The incubation program is one way that Astar Network works with companies that want to find ways to use Web3 technology. Last month, Toyota and Astar Network worked together on a Web3 hackathon. Astar Network was one of the first parachains to join the Polkadot ecosystem.
Sony has also started to use Web3 technologies in a broader sense. In November 2022, they will release a wearable called Mocopi that can track motion in the metaverse.
Content Source: coindesk.com
Cover Image Source: coindesk.com
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