Japan’s top mobile carrier, NTT Docomo, launched a partnership on Wednesday with multichain smart contract platform Astar Network to boost Web3 technologies nationally.
The joint effort will create a consortium tasked with providing individuals and firms with tokenisation technologies for governance platforms, the company said in a statement.
The two enterprises will collaborate on three core processes:
- Research on case studies for sustainable projects based on the environmental impact of Web3 technologies
- Eliminate technology discrepancies for Web3 adoption
- Launch educational initiatives and practical, hands-on experience for professionals
According to Sota Watanabe, Astar Network’s Chief Executive, the initiative aimed to showcase Web3 technologies to the public.
He said: “In this context, more robust cases with excellent user experience on an infrastructure that is accessible to everyone is essential. It is about making a society where more people can truly enjoy the benefits of Web3, not just engineers.”
Japan Warms Up to Crypto
The news comes after Japan’s Digital Agency opened a decentralised autonomous organisation (DAO) research Web3 initiative, with Fukuoka, one of Japan’s largest port cities, teaming up with Aster Labs to build Web3 use cases.
According to the government body, it had mulled easing restrictions on listing cryptocurrencies, the Japan Times reported in February, citing people familiar with the matter.
Potential new rules could allow cryptocurrency exchange platforms to list multiple digital tokens without major screenings, the sources said, adding screenings initially took more than six months to complete. Companies such as Coinbase faced the regulations after launching trading services in August, severely limiting their coin availability to just five cryptocurrencies.
