Astar Network has been officially recognized as the 'Product of the Year' during the annual Blockchain Award ceremony hosted by the Japan Blockchain Association (JBA).

Tokyo, Japan, 23rd December, 2022, Chainwire

Astar Network During this year’s 4th annual Blockchain Awards, Astar Network received the honor of Product of the Year from the Japan Blockchain Association, with its founder and CEO, Sota Watanabe, winning the Person of the Year award for the second time in a row.

In a recent survey conducted by the Japan Blockchain Association (JBA), both Astar Network and Sota Watanabe proved to be frontrunners among the Japanese Web3 ecosystem. The JBA stands as Japan's largest blockchain association, comprising 171 firms, including giants like bitFlyer, Coincheck, Microsoft, GMO, EY, Deloitte, PwC, KPMG, Toyota, and ConsenSys.

Sota Watanabe, at the helm of Astar Network, expressed his excitement by stating, “We are thrilled to receive acknowledgment from the Japanese Web3 community. As a pioneering blockchain initiative in Japan, we are dedicated to fostering innovation through Astar. Over the next year and beyond, we plan to capitalize on our strong presence in Japan to create new pathways for entrepreneurs, developers, and users. accelerating Web3 Functioning as the foremost Layer-1 blockchain in Japan, Astar Network serves as a parachain on Polkadot, facilitating the development of interoperable decentralized applications (dApps). It seamlessly integrates both Ethereum Virtual Machine (EVM) and WebAssembly (WASM), along with cross-consensus messaging (XCM) and cross-virtual machine messaging (XVM).

With the Japanese government actively integrating Web3 into its agenda, Sota Watanabe is contributing to shaping this future. His accomplishments have earned him a spot on the Forbes 30 Under 30 lists for both Asia and Japan, and he has been recognized as a leading entrepreneur within the country, even gracing the cover of the latest Forbes Japan edition. developers to build Astar Network stands out as the preferred blockchain for developers and businesses seeking to dive into the burgeoning Japanese Web3 landscape. It holds the distinction of being the first public blockchain to secure a listing despite Japan’s stringent regulations. Notably, Astar's cryptocurrency, ASTR, is classified by the Japanese government as a cryptocurrency rather than a security. smart contracts Astar Network facilitates the development of dApps using EVM and WASM smart contracts, providing genuine interoperability via cross-consensus messaging (XCM) and cross-virtual machine messaging (XVM). It is inherently designed by developers, for developers. Furthermore, Astar’s innovative Build2Earn initiative allows developers to earn rewards through a dApp staking model based on their coding efforts and the applications they create.

Aspiring to be recognized as Polkadot’s leading parachain on a global scale, Astar has garnered support from all major exchanges and top-tier venture capitalists. It offers developers a versatile toolkit encompassing all Ethereum and WASM resources, making it easy to launch new dApps. national strategy Please keep in mind that the content shared on this page is not intended to serve as legal, tax, investment, or financial advice in any capacity. It’s crucial to invest only what you can afford to lose and to seek guidance from a financial advisor if you're uncertain. For more details, we recommend reviewing the terms and conditions, as well as the support resources available from the issuer or advertiser. MetaversePost strives for precise and objective reporting, but be aware that market conditions can fluctuate without prior notice.

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