Last week Sony Network Communications announced it was launching a web3 incubation program in conjunction with the Astar Network. Astar Network is a multichain smart contract platform, one of the Polkadot blockchain’s parachains. It has already collaborated with NTT Docomo and partnered with Toyota for a hackathon.
The incubator will be run via Startale Labs, a Singapore company. It compares itself to ConsenSys, the blockchain firm started by Joe Lubin. One of the ConsenSys divisions has multiple partnerships with enterprises such as JP Morgan, Visa and Mastercard.
Recruiting for the incubator started on Friday, and it is expected to select 15-20 projects which will join the program in mid-March for around three months.
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