Astar Network, a smart contracts platform for multichain, has established a new world record by publishing an advertisement in a national newspaper with the most brands in a single ad. This was accomplished by bringing together the most prominent Japanese businesses in an effort to collectively enter the age of Web3. On September 26th, the advertising for which 329 bluechip firms gathered together was published in Nikkei. The Japanese Blockchain Association has determined that the Astar Network blockchain is the most widely used blockchain in the country.
As a result, Astar Network is the most prominent Layer-1 chain in Japan. In the past, Japan was known as a center for the cryptocurrency industry. Astar is leading the charge to make this country a pioneer in blockchain technology once more, and it has taken the initiative to accomplish this goal. Although it boasts the third largest economy in the world, Japan, along with the rest of the globe, has seen its fair share of growing pains when it comes to selecting its preferred blockchain, and has ultimately decided to go with Astar Network.
According to Sota Watanabe, founder and CEO of Astar Network: “Web3 is all about community. And we are proud that we could make this epoch-making ad supported by 329 companies including the biggest banks, reputable Internet companies, and branch officers of foreign companies like Microsoft and Accenture. This ad reflects the strong unity of the Japanese ecosystem. As Japan’s leading blockchain project, we will do our best to accelerate Web3 innovation through Astar.”
Major Brands Are Jumping Into The Web3 Bandwagon
Today, the Japanese government has included Web3 as a component of its national policy, and Sota Watanabe, the CEO of Astar Network, is assisting the government as well as some of the country’s most important commercial leaders in charting a path forward in Web3. As a demonstration of its dedication, Astar ran this advertisement with the support of 329 different businesses. The development of Web3 presents a significant chance for the nation to expand its economy.
The most important financial institutions and well-known corporations, such as GMO, DeNA, Accenture, Microsoft, and Amazon Web Services, amongst others, are behind this endeavor and are excited to see Japan and its future thrive. The advertising effort also includes the free distribution of NFTs through the QR code. Anyone can obtain a non-transferable NFT by scanning the QR code located in the bottom right corner of the advertisement that was published in the Nikkei newspaper. For users who do not already possess a wallet address, a new one will be generated whenever they scan the QR code.
Astar Network provides assistance to developers in the process of building decentralized applications (dApps) by utilizing EVM and WASM smart contracts, cross-consensus messaging (XCM), and a Build2Earn model, which enables developers to be compensated for the code they write and the dApps they construct via a dApp staking mechanism. Astar Space Labs, which provides an Incubation Hub for top TVL dApps and assists developers in accelerating growth on Polkadot and Kusama, is another component of the network.
The Future Of Smart Contracts For Multichain
Astar Network is the way of the future when it comes to smart contracts for multichain. Astar Network enables real interoperability for developers by providing cross-consensus communications and provides support for the development of dApps to support smart contracts in the Web3 ecosystem. In addition, developers can employ Layer 2 solutions with simplicity by utilizing the optimistic virtual machine (OVM) module and the dApp staking module from the network.
Astar Network can also be utilized for lightning network applications and any other Layer 2 protocols, in addition to Plasma applications. Anyone can select the optimal solution for their use case to satisfy their individual needs with the least amount of effort. It is a Polkadot-based project and it is developed by and for developers. It leverages cutting-edge technology to provide dApps with faster, cheaper, more scalable platforms.
Astar Network’s native token is known as the ASTR token. The cryptocurrency is utilized for staking dApps, on-chain governance, transaction fee payment, network staking, and more. The ASTR token was recently listed on Binance US. All of the main crypto exchanges and top-tier venture capital firms have shown their support for Astar’s thriving ecosystem, which has enabled it to become Polkadot’s leading Parachain globally.
