4 Billion Dollars Investment from Japanese Telecom Company in Web3: This Will Collaborate With Altcoin!

NTT Docomo, Japan’s largest mobile telephone network, has pledged to invest 600 billion yen ($4 billion) in Web3 infrastructure.

Japanese Company to Collaborate with Primer Network (ASTR) Altcoin Network on Web3 Investment

According to the statement, the company is using the public blockchain Astar Network to accelerate Web3 adoption. altcoin developer Astar will collaborate with Foundation and Accenture.

They will also form a consortium that will allow individuals and companies to use tokens for governance. “We will further popularize Web3 by collaborating with NTT Docomo, a company that produces case studies used by tens of millions of people,” Astar Network founder Sota Watanabe said in a statement.

The Japanese government owns a third of the shares of NTT Docomo’s parent company, NTT.

Japan’s Web3 policy has been swiftly implemented this year by politicians seeking to eliminate bureaucracy and the traditional slow decision-making process.

There is now a Web3 policy office within the Ministry of Economy, Trade and Industry (METI). Last week, the country’s digital ministry announced it would create a decentralized autonomous organization (DAO) to research Web3 technology.

Sota Watanabe, CEO of Astar Network, said that the mission of the project is to take Web3 out of a narrow circle of tech-savvy people and reach it to the general public:

“In this context, more robust applications with excellent user experience on an infrastructure accessible to everyone are crucial. It’s about creating a society where more people, not just engineers, can truly enjoy the benefits of Web3.”

*Not investment advice.