Astar Network receives the “PRODUCT OF THE YEAR” from JBA

At the fourth annual Blockchain Award ceremony, which was held by the Japan Blockchain Association, the Product of the Year prize was given to Astar Network. Astar Network is a smart contract platform for multichain, and the award was given to them. Sota Watanabe, the creator, and chief executive officer of Astar Network, was presented with the Person of the Year award on the same occasion for the second year in a row.

The results of a poll that was carried out by the Japan Blockchain Association indicate that the members of the Japanese Web3 community have a high preference for Astar Network and Sota Watanabe respectively (JBA). The Japan Blockchain Association, also known as JBA, is the country’s most prominent blockchain trade group. It has 171 firms and organizations as members, including bitFlyer, Coincheck, Microsoft, GMO, EY, Deloitte, PwC, KPMG, Toyota, and ConsenSys, among others.

Sota Watanabe, the founder, and chief executive officer of Astar Network remarked that the company is glad to have been recognized by the Japanese Web3 community. “We are happy to have been recognized by the Japanese Web3 community,” As the most significant blockchain project now underway in Japan, we are not going to waver in our commitment to advancing Web3 innovation by means of Astar. Beginning in 2023 and carrying on beyond that year, we intend to make use of our presence in Japan to facilitate the creation of new opportunities for end users, software developers, and proprietors of existing businesses.

Astar Network is the market leader in Japan when it comes to the provision of Layer-1 chains. It is a Polkadot para chain that gives developers the ability to build decentralized applications that are compatible with one another. In addition to being interoperable with smart contracts written in EVM and WASM, it also offers cross-consensus messaging (XCM) and cross-virtual machine messaging (XVM).

Sota Watanabe is assisting the Japanese government in its efforts to move forward with its plans because Web3 is now a component of the overall policy of the Japanese government. In addition to that, Sota was selected to be included in the Forbes list of 30 Under 30 for both Japan and Asia. The most recent issue of Forbes Japan magazine featured him on the cover because it considered him to be one of the most successful businesses in Japan.

Blockchain technology provided by Astar Network should be utilized by enterprises and software developers who have an interest in researching the Web3 area in Japan. It is also the first publicly available blockchain originating from the country to be listed in Japan, despite the severe listing rules that Japan has. The Japanese government has come to the conclusion that Astar’s native token, known as ASTR, should be classified as a cryptocurrency rather than a security. This decision was made by the Japanese government.

Regarding the Astar Network, Astar Network makes it possible for developers to access actual interoperability through the utilization of cross-consensus messaging (XCM) and cross-virtual machines, and it also makes it simpler for developers to create decentralized applications by utilizing EVM and WASM smart contracts (XVM). Our company was founded by other developers with the sole intention of serving the needs of other developers.

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Those with a focus on the future The Build2Earn concept, which was established by Astar, offers the opportunity for monetary remuneration to be given to programmers in exchange for the code and decentralized applications (dApps) that they create.

Astar’s dynamic ecosystem has emerged as Polkadot’s leading Parachain globally, and it has garnered support from all of the major exchanges and tier 1 venture capital companies. In addition, Astar’s Parachain has become the leading Polkadot chain in terms of transaction volume.

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