Shibuya, a ward of Tokyo known for its commercial and financial activity, has collaborated with Astar Network, a blockchain innovation hub. As part of the pact, Astar will help promote Shibuya’s new web3 program and hold events in its favor.
This collaboration between a Japanese blockchain, Astar Network and one of Tokyo’s most populous and bustling neighborhoods, Shibuya, is the first of its type.
Astar will play a pivotal part in Shibuya’s Startup Support initiatives, and will also organize related events including web3-focused hackathons and educational workshops.
Shibuya ward is located in the heart of Tokyo and is home to two of the busiest train stations in the world in addition to one of Japan’s most prestigious fashion areas. There are several prominent corporate offices in Shibuya, Japan, including Google. Startale Labs, the web3 technology business created by Astar Foundation CEO Sota Watanabe, will also be based there.
Sota Watanabe said: “Shibuya is the largest city for young people in Japan and the city of startups. It’s known as Japan’s Silicon Valley, or “Bit Valley,” derived from a place in Shibuya（渋谷), combining Bitter (渋) and Valley (谷). We’re honored to have opened our office in this tech hub and to have signed a basic agreement with the city to utilize web3.”
Astar Network’s efforts to hasten the development of web3 in its home country of Japan via the formation of strategic alliances are having a significant impact. Case studies addressing economic difficulties with web3 have been developed at the blockchain innovation hub. As a result, it is opening up new doors for developers and business leaders to become involved in this booming industry and lowering barriers to entry for the general public.