Polkadot(DOT)

Bitcoin and altcoins could see profit taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.

Now that you have dived into the world of blockchain and its virtual asset and got some experience, we recommend it's time you do some staking! In a nutshell, participants with the largest number of tokens have a higher chance of being selected to validate transactions in a Proof of Stake (PoS) network. Stake pools are a medium that help crypto holders with smaller stakes participate in staking that will increase the likelihood of getting rewards. Today, we have summarized the best crypto staking pools available in the market for your ease. Let’s take a look at our top five recommendations: Everstake Supported cryptocurrencies:37 different coins and tokens. APY:Depends on the cryptocurrency. Lock-up period:Depends on the cryptocurrency. Payout frequency:Depends on the cryptocurrency. Type:Non-custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Everstake is a responsible validator that claims to be trusted by 625k+ users across 70+ blockchain networks. The platform, currently running over 8,000 nodes, creates liquid staking products. As a non-custodial solution, users can stake directly from their respective crypto wallets. Whether you are an institutional investor or an individual token holder, you can get 5% - 20% profit annually by staking with Everstake, with transparency of rewards. P2P Supported cryptocurrencies:26 different cryptocurrencies. APY:between 4% and 50%. Lock-up period:Depends on the cryptocurrency. Payout frequency:Depends on the cryptocurrency. Type:non-custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. P2P provides secure non-custodialstaking servicesfor professional investors, allowing token holders to participate in staking without the heavy lifting of running a node. The platform has grown to manage +$1.5 billion in staked assets across more than 25,000 investors and 25+ unique blockchain networks. Stake ETH, DOT, SOL, ATOM, XTZ, ADA and all key tokens with P2P. With an average uptime of 99%, P2P ensures that your rewards are generated continuously whilst mitigating performance-related risks. LYOTRADE Supported cryptocurrencies:LYO Credit (LYO) and USDT. APY:24% to 50% Lock-up period:Depends on the cryptocurrency, but ranges from 360 days to 720 days. Payout frequency:Depends on the lock-up period. Type:Centralized, with DEX Swap feature. Additional rewards:The LYO Credit token earns rewards through inflation, or community rewards, versus staking. With inflation, new tokens are added to the network at a rate determined by the protocol, and those tokens are then distributed to holders as rewards. Minimum/maximum staking amount:Depends on the cryptocurrency. LYOTRADE is a centralized cryptocurrency exchange that offers a high liquidity system connected to 300 exchanges, and about 30 risk control mechanisms along with offering DEX Swap service. LYO Credit (LYO) staking up to 50% yearly, and Tether (USDT) up to 24% yearly. When you stake LYO Credit on LYOTRADE, you can get anannual interest rate that starts from 1.5% to 36%, making it one of the preferable choices of tokens to select from for your skating experience. Kraken Supported cryptocurrencies:16 different cryptocurrencies, includingUSDTand all major coins. APY:Depending on the cryptocurrency between 2% for stablecoins and 23% for altcoins. Lock-up period:Depends on the cryptocurrency. Payout frequency:Twice a week. Type:Custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Kraken is a United States–based cryptocurrency exchange, with over 30 different cryptocurrencies and seven different fiat currencies available for trading. At Kraken, you can earn up to 24%yearly on your crypto. With a wide range of supported assets, you can receive staking rewards up to twice a week, even on Bitcoin. Kraken is acustodialstaking solution, which means that the exchange will be in control of your private key while it is staking your coins. Binance Supported cryptocurrencies:Over 120 different cryptocurrencies. APY:Depending on the cryptocurrency. Lock-up period:Between 15 and 120 days. Payout frequency:Daily. Type:Custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Binance is the world’s biggest cryptocurrency exchange and the biggest provider of custodial staking solutions. Binance DeFi Staking acts on behalf of users to participate in certain DeFi products, obtains and distributes realized earnings, and helps users to participate in DeFi products with a single click. The platform allows users to obtain generous online rewards without keeping an on-chain wallet. Binance Staking deposits users’ funds into smart contracts on users’ behalf, saving users on-chain gas fees. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Protocols like Near, Polkadot and Cardano are using new approaches to improving the tradeoff between scalability, decentralization and security, the report said.

With many blockchain solutions for developers to choose from, providers need to have differentiation points to make them attractive to developers and users. EOS (EOS) and Polkadot (DOT) are two blockchain developers with pioneering innovations that make them stand out, but investor returns are slower than expected. Meanwhile, TMS Network (TMSN) is making itself an […]

Technical charts are beginning to suggest that BTC is at the end of its bear market cycle, and traders believe this could yield positive results for most altcoins.

Introduction There are thousands of projects on the crypto market. Some are more innovative than others. For instance, Polkadot (DOT) is building an interconnected ecosystem of blockchains with shared security. Polygon (MATIC) is expanding upon the functionality and tech behind the Ethereum blockchain. And, fresh out of phase one of presale, TMS Network (TMSN) is […]

Last Friday, Layer One X (L1X) announced a landmark development in the blockchain space by becoming the first layer one blockchain to achieve a decentralized transfer of assets between an EVM chain and a Non-EVM chain. This achievement allows the fast, secure and decentralized transfer of assets between blockchains without the use of bridges. The latest achievement was launched on the Layer One X testnet and will be fully launched once the mainnet is unveiled in August this year. Layer One X is a new layer 1 blockchain, currently in testnet, that aims to revolutionize decentralized cross-chain asset transfer. According to its website, the platform delivers the ‘Blockchain quartet’ of “interoperability, decentralization, scalability, and security” without compromising one over the other. The latest development, allowing interoperability between EVM and non-EVM chains, is a game-changer for blockchain users and developers, as it removes the need to use bridges. Speaking on the successful test, Layer One X Founder Kevin Coutinho believes the development will drastically alter the ease of asset transfer across the broader blockchain ecosystem. "We are excited for the opportunity this presents to allow projects and developers to build asynchronous features on blockchains through a decentralized source of truth,” he said. Simply, EVM chain refers to blockchain networks that are compatible with Ethereum Virtual Network (EVM), such as Polygon, Binance Smart Chain (BSC), and Ethereum itself. On the other hand, non-EVM chains are not compatible with the Ethereum Virtual Machine and do not share the same programming languages. Some examples of non-EVM chains include Solana, Polkadot & Cosmos. Since the advent of blockchains, transferring assets between EVM and non-EVM chains has been a challenge. As the decentralized finance ecosystem grows, the safety and security of decentralized cross-chain asset transfers becomes more and more critical. The most significant advantage that L1X brings to users is removing the need for bridges to transfer assets across blockchains. In 2022, of the $2 billion hacked from DeFi protocols, $1.6 billion was associated with bridges including Wormhole, Ronin bridge, Nomad and Wintermute. Crucially, bridges are soft targets for hackers hence the need for safer and more secure solutions. Finally, bridges are often expensive and complex solutions for cross-chain asset transfers. Apart from replacing bridges, L1X also allows the development of more interoperable DeFi solutions. The connectivity of EVM and non-EVM chains will enable developers to build DApps that work seamlessly across different blockchain networks, giving them access to a larger pool of assets. This means that decentralized applications will have more choices of assets, enhancing capital provision and efficiency. L1X shaping the future of blockchain interoperability Layer One X’s latest innovation aims to shape the future of blockchain asset transfers and the DeFi ecosystem. This new paradigm of blockchain interoperability is expected to drive increased adoption and offer additional value for users and blockchain-based businesses. "We are now focused on bringing generic messaging and event-based interoperability with the same virtual machine in the coming few months that will open markets such as decentralized identification and multi-chain utility,” Coutinho added. As interoperability across EVM and non-EVM chains become more scalable, users will be able to open up new business models and earning streams quickly and efficiently. The combination of these factors will help increase the adoption of blockchain technology by making it more accessible and easier for developers and end-users. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The disagreement between the founders and a developer over the LLAMA token resulted in the forking of the DefiLlama blockchain on March 19. Token Launch Splits DeFi Platform One of the employees on the DefiLlama team forked the decentralized finance analytics platform over the weekend over a conflict regarding the company’s plans to launch a token. It all started when the founders decided to launch the LLAMA token. The matter was highly contested by a developer from the team, who claimed that the employees do not support the token launch, which is being pushed by the founders. From DefiLlama To Llama.fi On March 19, the developer, going by the pseudonym 0xngmi, announced on Twitter that the team would be forking the platform due to a “hostile takeover” orchestrated by the founders who are launching a token without employee support. They tweeted, “The DefiLlama team is forking Defillama…There is an ongoing attempt to launch a token that does not represent us. We don't want to be associated with it. Use http://llama.fi and @llamadotfi instead!” The announcement clearly reveals that the team working on the DefiLlama platform over the last three years does not agree with the new course of action and has thus chosen to fork the platform and start afresh on Llama.fi instead. Support For Founders On the other hand, the corporate team at DefiLlama has called out the action of the developers. The Llama Corp. team said, “0xngmi and a few team members have gone rogue, they are actively looking to seize DefiLlama IP and community while inaccurately claiming the rightful owner to be doing a hostile takeover.” The founders of DefiLlama, Charlie Watkins and Ben Hauser, have received support from other key individuals involved in the DeFi space. Prominence Yearn.finance founder and DeFi architect-extraordinaire Andre Cronje extended his support for the co-founders, claiming that they have taken the step necessary for the financial well-being of the project. He stated, “Easy to be ideological when you aren’t paying the bills. Charlie has been out of pocket funding all of defillamas expenses for years, it isn’t cheap. Watching everyone turn on everything he has done is disgusting. Him trying to stop the bleeding isn’t greed, it’s sustainability. Let’s see how long they last without his ‘free money.’ They’ll be raising or adding ads or a token soon enough.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin has risen above $25,000 and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum (ETH) This week, the market sentiment completely shifted, with bulls taking full control of the price action. ETH rallied by 21%, making it the best performer on our list. This spectacular rally allowed it to break above the key […]

Tel Aviv, Israel, 16th March, 2023, ChainwireLeading blockchain marketing agency MarketAcross has joined the upcoming Next Block Expo (NBX) as a web3 media partner. Now in its second year, the 2023 edition of the expo will welcome thousands of attendees to the Multikino Złote Tarasy venue in the Polish capital of Warsaw on the 24th and 25th of May.The strategic partnership will see MarketAcross, one of the industry’s most active blockchain PR and marketing companies, manage pre and post-event marketing efforts on behalf of the event, as well as leverage its extensive network to boost the expo’s global visibility.“MarketAcross sees Europe as one of the most interesting markets in the expanding web3 space, and we’re thrilled to continue supporting Next Block Expo and the European builder economy,” said Itai Elizur, the Managing Partner of MarketAcross. “I’m sure this year’s event will be bigger and better than the last.”Next Block Expo is an extension of a previous event series known as the Cryptocurrency World Expo, and this year’s edition will feature over 70 speakers and more than 30 sponsors, exhibitions and partners. A crowd of 2,000+ attendees is expected to witness events over the two-day expo.The schedule features a variety of presentations, keynotes, roundtables and workshops, giving startups, thought leaders and web3 investors the opportunity to discuss current challenges and emerging opportunities.As well as opportunities for in-person networking, the NBX will furnish attendees with access to a smart-networking app where they can locate contacts they need based on a match-making algorithm and schedule one-to-one meetings with other participants. The app can also be used to create a personal agenda for the conference.Elsewhere, the new NBX Pitch Arena will give web3 projects the opportunity to present their ideas and solutions to a group of specialists including VCs, accelerators, incubators and launchpads. An award ceremony will be held to honor the best projects to pitch.Last year’s expo featured representatives from the Ethereum Foundation, Polygon, Delphi Digital, Huobi and Solana, with details on this year’s speakers expected to be announced soon.About MarketAcrossMarketAcross is the world’s leading blockchain PR and marketing firm, providing a complete end-to-end marketing solution for blockchain and web3 companies around the world. MarketAcross has helped many of the industry’s biggest exchanges and blockchain projects build their brand, among them Polkadot, Solana, Binance, Polygon, Crypto.com, Huobi, and eToro.About Next Block ExpoNext Block Expo is positioned to be one of the biggest web3 events in Europe - content rich event with multiple opportunities for networking, fundraising, lead generation & learning.NBX brings founders, investors and blockchain experts together to redefine & discover the future of web3.ContactItai [email protected]

Several large-cap alts, such as ADA, DOT, DOGE, SOL, and SHIB, are deep in the red today.

Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.

The crypto market has been steadily on the rise, with plenty of coins showing an increase in value and trading volume. Analysts slowly reveal more confidence in coins such as Polkadot(DOT) and VeChain (VET). However, one project has full attention due to its real-world utility and growth potential - Orbeon Protocol (ORBN)! Currently, in Stage 10 of its presale, Orbeon Protocol (ORBN) is viewed by many as the next significant crypto asset. Let&rsquo;s see why! >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< VeChain (VET) VeChain (VET) uses blockchain technology to trace the flow of goods and their validity to increase supply chain accountability and effectiveness. Holding the VeChain (VET) token can bring you governance and be used to pay transaction fees on the network. Recently, VeChain (VET) issued a new whitepaper for VET 3.0 with a particular focus on sustainability. The whitepaper states that VeChain (VET) would launch programs to give people the knowledge they need to get involved in the sustainability journey. Currently, VeChain (VET) is valued at $0.02002, a decrease of 9% in the past day alone. On a positive note, the VeChain (VET) trading volume increased by 69% in that same period. With VeChain (VET) having a good roadmap for its future, some analysts believe it will see a short-term price increase, but a $1 valuation may not come anytime soon. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The roller coaster continues. Polkadot extends bearishness towards the $5 price zone following the recent sell-off. It shows no signs of significant recovery as the price suffers more loss. Many things have happened in this space over the past few days as Avalanche maintains bearish. The ongoing meltdown has continued to have a ripple effect […]

2023 is heating up to be a thrilling year for the crypto industry, with a large number of new projects entering the market and a surge of interest in blockchain technology. For investors and traders looking to increase their portfolios, several cryptocurrencies have a high potential for growth and success in the coming year. Here, we will look closely at five projects offering a unique set of benefits and features worth watching: DigiToads, Polkadot, Avalanche, Binance Coin, and Ethereum. DigiToads (TOADS) This exciting new project is focused on creating a web3 game based on a toad-themed meme coin. Players can acquire one-of-a-kind DigiToads by buying, trading, or winning them. There will be several incentives and rewards in place to motivate community engagement. With its innovative approach to gamification and a commitment to supporting real-world environmental causes, DigiToads is one to keep an eye on. USE CODE: FINTECH10 FOR 10% EXTRA TOKENS ON YOUR NEXT PURCHASE Buy DigiToads Now Polkadot (DOT) Polkadot is a multi-chain platform that allows developers to build interoperable decentralized applications across multiple blockchains. The platform is designed to provide a flexible and scalable infrastructure to support many use cases. Its unique approach has already attracted a growing community of developers and users. With its strong focus on innovation and community-driven development, Polkadot is well-positioned to be one of the most promising projects of 2023. Avalanche (AVAX) Avalanche is a platform that provides a secure and scalable infrastructure for creating and managing decentralized finance (DeFi) applications. With its focus on fast and efficient transactions, Avalanche is ideal for use in decentralized exchanges, lending platforms, and other DeFi applications that require high levels of security and performance. With its innovative approach to DeFi and strong industry partnerships, Avalanche is poised to be a major player in 2023. Binance Coin (BNB) BNB is the governance cryptocurrency of the Binance exchange, one of the world's largest and most popular cryptocurrency exchanges. The Binance platform provides a wide range of services, including trading, lending, and staking, and Binance Coin is used as the underlying currency for these services. With its strong track record of growth and close ties to the Binance exchange, Binance Coin is a solid choice for investors seeking to increase their exposure to the crypto market. Ethereum (ETH) Ethereum is the second-largest cryptocurrency by market capitalization and the most popular platform for decentralized applications. With its powerful smart contract functionality and its large and growing community of developers and users, Ethereum is a strong choice for those looking to invest in the future of decentralized computing. With the upcoming launch of Ethereum 2.0, which promises to bring significant improvements to the platform, Ethereum is poised to be one of the most promising projects of 2023. Final Thoughts Each of these five cryptocurrencies has the potential to be a standout project in 2023, with unique features, innovative approaches, and a solid commitment to growth and success. For those seeking newly spawned crypto gems, DigiToads is the opportunity to grab. The project has just opened its presale, and with prices increasing at each stage, it's a lifetime chance to secure massive gains once the project launches. For More Information on DigiToads visit The Website Here Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

After launching similar initiatives in Brazil and Argentina, Binance is widening its reach into LATAM by making its crypto debit card available in Colombia. Cryptocurrency exchange Binance announced the launch of a prepaid crypto card in Colombia, marking the third country in Latin America (LATAM) in which it has done so. Binance released the card in Argentina last year and in Brazil this past January. The exchange said: The prepaid crypto card is part of Binance&rsquo;s ongoing effort to bridge the growing crypto ecosystem with traditional financial infrastructure and expand users&rsquo; ability to make everyday purchases with digital assets. Binance said its new prepaid crypto-linked card would allow users to pay with crypto to all merchants who accept standard debit and credit cards. Binance Partners with Movii Binance&rsquo;s new crypto card is the product of a partnership with Movii, a Colombia neo bank. The prepaid crypto card currently supports BNB, BTC, ETH, ADA, DOT, SOL, SHIB, XRP, MATIC, LINK, and other stablecoins. Users will be able to configure which currency they want to spend. According to its announcement, users can enjoy a seamless transaction experience where their crypto will be converted to fiat in real-time at the point of purchase. Binance included a couple of perks with its card, including up to 8% cashback in crypto on eligible purchases and zero fees on ATM withdrawals. Daniel Acosta, Binance&rsquo;s general manager in Colombia, commented: As one of the world leaders in crypto adoption, Colombia is an extremely relevant market for Binance. We believe that the launch of Binance Card will encourage even wider adoption of crypto among Colombians, contributing to the development of the blockchain and crypto ecosystem in the country while making another step to bring cryptocurrency closer to the everyday life of millions of people. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Beginner cryptocurrency investors always have a hard time finding out which projects they should invest their money in for the best returns. However, this happens to more experienced investors as well so don’t worry about it. In case you are after projects that have a high possibility to generate good returns for you, then you […]

The February U.S. jobs report was a mixed bag, which seems to have provoked interest from a few bulls in BTC and altcoins.

As technology advances, mobile phones have evolved from simple devices to powerful tools on which we rely in many aspects of our lives. We now use smartphones to do everything from staying in touch with friends and family to managing our finances and accessing various forms of entertainment. However, did you know that your smartphone can also be used to create an internet of things (IoT) network of connected devices? This is where Nodle comes in. What is Nodle? Before going any further, it is first important to understand what Nodle is. Nodle may best be understood as a connectivity platform that focuses on developing IoT solutions. The platform enables the development of large-scale, low-cost IoT networks based on existing infrastructure, such as smartphones and other connected devices. Nodle's ultimate objective involves making IoT technology more accessible and affordable for both businesses and individuals. Nodle realized that smartphones are capable of being utilized to build IoT network of nodes. Basically, this means that your smartphone can be used to connect other devices to the cloud, like sensors or appliances. Nodle has therefore created a platform centered on this idea, allowing users to build their own decentralized IoT networks using their smartphones. How would this work? The Nodle platform enables smartphones to function as &lsquo;nodes&rsquo; in of the network. These nodes communicate with other devices and send data to the cloud, which in turn enables the development of a massive network of interconnected devices that may be utilized in a variety of applications and practical use cases. Nodle is used in tandem with Bluetooth technology to help identify and locate stolen cars. One of the most significant advantages of using smartphones as nodes in an IoT network is that it can be extremely cost-effective. Users can create a network of connected devices without investing in expensive hardware by simply using their existing smartphones. This greatly simplifies the process by which businesses and individuals can experiment with IoT technology and develop new applications. The implementation of Smart Missions Smart Missions are an innovative way to program the Nodle Network and support new use cases while rewarding participants. One such use case is that of incentivized remote asset monitoring solutions that use IoT technology to allow businesses to track their assets in real-time from anywhere. Another notable use case was the Nodle app being used in tandem with Bluetooth technology to find stolen vehicles. In this use case, the Bluetooth identifiers in Nodle-connected smartphones were utilized to track down the cars. By completing these missions, which can also be as simple as taking a photo, rewards are distributed in the form of NODL, the platform's native cryptocurrency. Furthermore, the chain code of every Smart Mission must show a set of functions and storage values which Node Operators can then utilize to ascertain which Smart Mission to execute and that the Nodle App can use in order to accurately identify each Smart Mission. In the future, Nodle plans to bring Smart Mission developers onto the network to launch Smart Missions and dApps. The social layer of the Nodle App has also been improved upon thanks to the addition of digital community-based features like those pertaining to NFTs, a marketplace, instant communication abilities, Proof of Participation, and more. Nodle will also keep improving the utility SDK, allowing partners to have proprietary in-app NFT minting features as well. Are there any disadvantages to this? Naturally, there are some drawbacks to using smartphones in this manner. For example, battery life can be an issue because constantly transmitting data can quickly drain a phone's battery. There are also security concerns to consider, as IoT networks are susceptible to computer hacking and other forms of cyber attacks. Despite these challenges, the use of smartphones as IoT network nodes holds a lot of promise. It has the potential to revolutionize the way we connect and interact with the world around us if the proper infrastructure and security measures are in place. Going forward, we can expect even more exciting developments in the world of IoT as Nodle continues to develop its platform and explore new applications for this emerging technology. Ultimately, is Nodle worth it? There are so many platforms and initiatives these days that it&rsquo;s hard to keep track of them all and, more importantly, know which ones are worth it. With that being said, Nodle has already achieved a lot. With over 2 million DOTs staked and 8,000 contributors, the company gathered $42 million USD through a crowd loan (the contributors will get their funds back next year once the Parachain slot expires, the team also does not have access to these funds), acquiring the 11th Polkadot parachain slot. Nodle also successfully switched its Blockchain to the Polkadot network, which improved safety and decentralization. In addition, the company published a comprehensive roadmap highlighting the network's future value. Nodle has 712,778 token holders, making it the ecosystem's third largest. The native token of the company, NODL, was listed on 7 exchanges and entered the Brazilian market in 2022. The company also introduced an NFT feature on the Nodle App. With its innovative connectivity solutions, Nodle is revolutionizing the way we approach the internet of things (IoT). Whether you're a business looking to monitor your assets remotely, or an individual interested in exploring the possibilities of IoT, Nodle has something to offer. With a successful track record and a roadmap for continued growth and development, Nodle is poised to become a leader in the IoT space. With its cost-effective solutions and user-friendly platform, users will be able to unlock the full potential of IoT and take their business or personal projects to the next level. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The proposal comes as MixBytes, Lido’s partner developer firm for Polkadot and Kusama liquid staking, announced to stop supporting the networks.

The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience.

Astar will host Web3-focused events like hackathons and educational programs to support Shibuya's Web3 initiative

Tokyo, Japan, 5th March, 2023, Chainwire More participants expected before the registrations close at 11:59 PM Pacific Time on Monday, March 6th The participating startups will be mentored by senior executives at Sony, Astar Network, Microsoft, AWS, Dragonfly, and Blockdaemon Astar Network, the smart contract platform for multichain, is thrilled to announce that the Web3 Incubation Program it&rsquo;s co-hosting with Sony Network Communications, Inc., an operating company of the Sony Group, has received an overwhelming response from developers worldwide. The Incubation Program has received more than 150 registrations since it began accepting applications on February 17, 2023. Registrations are set to close at 11:59 PM Pacific Time on Monday, March 6th. Interested developers can still submit their applications before the deadline on the following page. The Web3 Incubation Program powered by Sony Network Communications and Astar will run from mid-March to mid-June. Both Sony Network Communications and Astar Foundation will review all applications and decide 10 to 15 cohorts. Sony and Astar will be collaborating with Startale Labs, a Singapore-based company founded by Astar Network CEO Sota Watanabe, to organize the incubation program. Sota Watanabe, CEO of Startale Labs and Astar Network, said, &ldquo;I am amazed to see our developer community grow this quickly and welcome the new projects joining our Web3 Incubation Program with Sony Network Communications. I&rsquo;m ready to begin the next stage of our program, when our incubated projects begin to work with an elite group of mentors from AWS, Polychain, Microsoft, and more.&rdquo; Sony Network Communications is exploring how blockchain technology can solve various problems in their industry. This Incubation program with Astar Network makes it possible for them to quickly find the relevant Web3 solutions. They will combine their resources and expertise to jointly nurture Web3 projects focused on the utility of NFTs and DAOs. The program invites participants from around the world, regardless of their Web3 startup phase. It will include learning sessions with global VC firms such as Dragonfly, Fenbushi Capital, and Alchemy Ventures; and Web3 companies, as well as business and technology strategy workshops. The mentorship sessions will feature senior executives and industry veterans including: Ryohei Suzuki, Director at Sony Network Communications Singapore Teemu Pohjola, General manager at Sony R&D Center Brussels lab (Deputy Head) Sota Watanabe, Founder of Astar Network, CEO at Startale Labs Maarten Henskens, Chief Growth Officer at Astar Network Andrew Vranjes, VP of Sales and GM for APAC at Blockdaemon Ben Perszyk, Partner at Polychain Bill Laboon, Head of Education and Grants at Web3 Foundation Dmitry Lapidus, Investment Partner at Dragonfly Wei Shi Khai, General Partner & COO at LongHash Ventures Yuki Yuminaga, Investor & Researcher at Fenbushi Capital Michael Smith Jr., GM, Microsoft for Startups APAC Lillian So, Web3 Lead at AWS Singapore Roy, Partner at HashKey Capital Santiago Balaguer, Parity BD Lead In mid-June, an offline demo day will be held at the Sony Group headquarters in Tokyo during Japan Blockchain Week. Promising companies will be considered for investment from Sony Network Communications. About Sony Network Communications The Sony Group operates a variety of businesses such as Game & Network Services, Music, Pictures, Entertainment Technology & Services, Imaging & Sensing Solutions, and Financial Services. As a business company of the Sony Group, Sony Network Communications is involved in the communication business, IoT business, AI business, and solution service business, and promotes new businesses by utilizing assets within the Sony Group. In April 2022, Sony Network Communications established Sony Network Communications Singapore Pte. Ltd. in Singapore to engage in NFT related development outsourcing and consulting businesses. About Astar Network Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar&rsquo;s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build. One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps. For more information, visit: Website | Twitter | Discord | Telegram | GitHub | RedditContactMaarten [email protected]