Major Japanese Mobile Operator NTT Docomo To Build Web3 Consortium
The biggest mobile operating company in Japan, NTT Docomo (comprising more than 40M worth in yearly revenue), started a collaboration with Astar Network (an entity offering multichain smart contracts) to speed up the implementation of the Web3 sector across the country. The mutual endeavor will be manifested in a consortium. The respective consortium would enable the corporations and individuals to carry out governance by using tokens.
NTT Docomo Partners up with Astar Network to Expedite Japan’s Web3
As per a press release made on the 9th of this month, NTT Docomo and Astar Network have additionally consented to partner up on 3 fundamentals. The entities will move toward sustainable development through research projects including case studies related to environmental problems posed to the Web3 world and attempt to diminish technology shortcomings in the way of the broader adoption of the Web3 sector.
To do this, they will spread awareness among people as well as offer opportunities to business leaders and engineers to have the knowledge and get practical expertise. Sota Watanabe, the CEO of Astar Network, stated that the target of the project is to increase the span of Web3 from just a small tech-focused sphere to the wider general public.
The executive added that keeping this in view, additionally vigorous cases dealing with the remarkable consumer experience in the case of infrastructure available to everybody are fundamental. As per the CEO, it is regarding the establishment of a society letting people purely reap the advantages of Web3, rather than just engineers.
In recent times, Japan – the country which possesses nearly one-third of the shares of Docomo – has been expressing an increasing interest level in projects dealing with Web3, decentralized finance (DeFi), and cryptocurrency. On the 2nd of November 2022, a decentralized autonomous organization (DAO) was introduced by the Digital Agency of Japan to research the We3 world.
Despite Strict Crypto Regulations Japanese PM Voices for Web3 Investment
In the latter part of October this year, the 2nd-biggest port city of the country, Fukuoka, collaborated with Aster Labs for the establishment of Web3 technologies’ exclusive use cases. Though the country even has very strict crypto regulations, the prime minister thereof is much vocal on the strategy of the government for the chief projects of investment in the endeavors encompassing the metaverse and Web3 space.
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