By Kimberly Crain
The project-led by Sota Watanabe Astar Network has announced plans to collaborate with regulators at Shibuya ward to launch new Web3 projects and support in formulating strategic plans for the proposed projects. Shibuya ranks among the leading burgeoning financial centers in Tokyo. A statement from the Astar team dated March 7 revealed that the partnership would launch education programs, including the hackathon projects, seminar and workshops on Web3.
Astar Partnership with Shibuya
According to the founder of the Astar Network, Sota Watanabe he argued the Shibuya ward ranks among the largest cities in Japan with a growing crypto-savvy population. He restated that the city was renamed to the Japanese “Silicon Valley.” Watanabe revealed that the Astar group had established its regional offices Startale Labs in Shibuya.
In his address, Watanabe confirmed that Astar Network signed a partnership agreement with the Shibuya ward administrators to explore the Web3 space. Based on the partnership conditions, Astar Network was tasked to spearhead the development of Web3 projects in Japan.
Also read:Watanabe pledged to leverage the Astar blockchain and Web3 technologies to address economic problems in Shibuya.
How Web3 Resolves Economic Challenges?
The race to attain Web3 dominance necessitated Astar Network to conduct extensive market research to formulate significant case studies on strategies to utilize Web3 technologies to address macroeconomic pressures.
Despite the research, Astar Network has invested in educating the community on Web3 projects and ideas. The team also plans to host Web3 workshops to engage the corporates, including the technical team and business executive, in improving the Web3 space.
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