Sony Network Communications hopes the program will explore “how blockchain technology can solve various problems in their industry.”
By Rosie Perper
Feb 17, 2023 at 7:30 a.m.
Updated Feb 17, 2023, at 7:37 a.m.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/TWMXMPLI3VEHLP6QDITI7GD2GQ.jpg)
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Sony Network Communications, a business division of The Sony Group, has teamed up with multi-chain smart contract network Astar Network to launch a Web3 incubation program for projects that focus on the utility of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs).
According to a press release, the Web3 incubation program will be organized by Singapore-based Startale Labs, a company founded by Astar Network CEO Sota Watanabe, and will run from mid-March to mid-June of this year. Applications for the program open on February 17 and close on March 6.
Those accepted into the program will be split into 10 to 15 cohorts, and learning sessions will be provided by global venture capital firms such as Dragonfly, Fenbushi Capital, and Alchemy Venture.
Sign up for The Airdrop Newsletter, Your Weekly Wrap of Web3 Trends and News
The goal of the program for Sony Network Communications is to explore “how blockchain technology can solve various problems in their industry,” the press release adds. Projects in the program may also be considered for investment from Sony Network Communications.
The incubation program is part of Astar Network’s continued partnerships with companies looking to explore use cases for Web3 technology. Last month, Astar Network – one of the first para chains to come to the Polkadot ecosystem – teamed up with automotive giant Toyota on a Web3 hackathon.
More broadly, Sony has also started to embrace Web3 technology, announcing a motion-tracking metaverse wearable called Mocopi in November 2022.
Read more about
NFTsWeb3SonyAstar
Sign up for Valid Points, our weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets.Email addressSign Up
By signing up, you will receive emails about CoinDesk product updates, events, and marketing and you agree to our terms of services and privacy policy.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.
The leader in news and information on cryptocurrency, digital assets, and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase the stock outright in DCG.
:format(jpg)/s3.amazonaws.com/arc-authors/coindesk/c26d232f-7008-43df-8075-13cc34642747.jpg)
Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs, and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture, and business. She holds a small amount of BTC and ETH and several NFTs.
Follow @rosieperper on Twitter
Learn more about crypto flings 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain, and Web3. Head to cryptoflings.com to register and buy your pass now.
