Web3 developments, in contrast to crypto price declines, continue to make news stories almost daily. Japan formally enters the zone, following the UAE's venture to make the Emirates a metaverse and web3 innovation center.
Fukuoka, Japan's second-largest port city, has collaborated with the Astar Japan Lab to speed up the implementation of its technology. The state's development firm is well-known for creating use cases that rely on NFTs and blockchain.
Soichiro Takashima, Mayor of Fukuoka, a city assigned as a National Special Strategic Zone, and Astar Network founder Sota Watanabe revealed the partnership on October 13 at the "Myojo Waraku 2022" conference.
The collaboration aims to create use cases centered on blockchain technology and cryptocurrency to turn the city into a hub for advanced and innovative business services.
Astar Network has already assisted major companies in the state, including Microsoft, SoftBank, Amazon, Hakuhodo, Dentsu, MUFG, Accenture, and PwC. Astar currently has 45 companies in partnership with it. Notably, the growth firm was also elected by the Japanese Blockchain Association.
Designed To Revolutionize The City Into A Web3 Zone
With this move, the local government has laid the groundwork for blockchain advancements, hoping that this entrepreneurialism will pave the way for the city to be helped transform into Japan's Silicon Valley.
The Astar team will look into new possibilities for local business models in the city to expand their global reach. Furthermore, the team will teach Fukuoka citizens about the technology.
Astar will first visit Fukuoka to raise awareness about the company's global integration and web3 technology as part of the partnership. As an outcome of this long-term strategic partnership, both parties anticipate that the city will eventually become a hub.
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