Fukuoka Partners With Astar Japan Labs To Accelerate Web3 Adoption
Fukuoka, Japan, is looking to the future of Web3 with its latest collaboration with Astar Japan Labs, the firm behind Japan’s main blockchain, the Astar network.
Fukuoka, Japan’s second-largest port city, has a population of 5.5 million people and serves as a National Special Strategic Zone. It now intends to become the country’s center for all things Web3 and cryptocurrency.
The Astar Japan Labs collaboration will enable both groups to collaborate on new use cases for Web3 technology. Fukuoka joins over 45 firms that collaborate with Astar, including Microsoft Japan and Amazon Japan.
The city hopes to recruit worldwide, competitive enterprises to the region, according to the release. Astar representatives will visit the city on a regular basis to give education and new use cases both locally and around the nation in partnership with local governments.
Fukuoka Mayor Soichiro Takashima also supported the city’s new goals in Web3:
“We have to do in the context of Web3 what large companies did for the world when Japan was strong. We believe it is important to move forward together with the government, Fukuoka City, and companies that represent Japan.”
Sota Watanabe, the creator of Astar Network, expressed his delight about the latest collaboration with Fukuoka, stating that the alliance will establish a firm basis for the city to become a center for innovators from across the world. In his own words:
“We are excited to invite Fukuoka City to Astar Japan Lab. In the U.S. some cities like Miami and New York have positive attitudes toward Web3 and crypto.
We are going to work closely with Fukuoka City to attract more developers and more entrepreneurs to Astar Network. In addition, Fukuoka is also known as the national special strategic zone. We plan to work closely with the government and utilize Web3 use cases from Fukuoka to the entire Japan.”
This new breakthrough follows a rush of developments in Japan’s crypto and Web3 landscape.
The country has been dubbed one of the harshest in terms of crypto legislation, which may discourage its attraction. On the other hand, it has relaxed a set of rules governing the launching of new currencies on recognized markets.
In a speech on October 3, Japan’s prime minister stated that the government intends to spend heavily on Web3 and metaverse efforts.
The government recently used nonfungible tokens (NFTs) to reward local governments.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu