Web3 Hackathon on Astar sponsored by Toyota Motor Corporation

Tokyo, Japan, February 1, 2023, Chainwire

Toyota Motor Corporation, Japan’s largest conglomerate with over 330,000 employees worldwide, is sponsoring the first global Web3 Hackathon.it chose astor networka multi-chain smart contract platform, Web3 use cases for Toyota employees.

Toyota is considering Web3 to support its vision of improving how the company operates, and this online hackathon is the first step in that process. Developers from around the world invited to build an in-house DAO support tool on Astar Network that allows anyone to create a team, issue governance his tokens and vote without needing to understand the details of Web3 It has been.

Toyota was able to improve operational transparency and efficiency using the tools created during the hackathon. Astar Network provides an environment for developers and is also responsible for product development support.

In recent years, managers of various companies have a heavy workload due to increased business decision-making and team management. Astar Network and Toyota believe that projects can be managed as DAOs where decision-making is distributed among participants. It not only reduces the manager’s workload, but also helps team members have a greater impact on the company’s growth. Therefore, the theme of this hackathon is the development of DAO support tools for companies.

Sota Watanabe, founder of Astar Network, said:Needless to say, Toyota is Japan’s largest company and one of the world’s leading international companies. We are very excited to host the Web3 Hackathon at Astar with Toyota. The event aims to develop the first proof-of-concept DAO tool for Toyota employees. Once a good tool is created, Toyota employees will interact with Astar Network on a daily basis. In the future, I believe blockchain will be integrated into cars.I’m still in the exploratory stage, but I’m excited about the various possibilities.

Individuals and teams of up to 4 developers can apply until Tuesday, February 14th Sign up At Toyota’s Web3 Hackathon. They’ll have to attend his February 25th kickoff event and then build the product until March 18th. The first screening will be held on March 23rd, and groups that pass the first screening will be able to participate in the pitch event on March 25th.

hackathon COSMIZE Event Hall, Astar Network’s first metaverse. Toyota Motor Corporation is the main sponsor, and Astar Network and Web3 Foundation are sub-sponsors. HAKUHODO KEY3, a joint venture jointly established by Sota Watanabe and Hakuhodo, Japan’s second largest advertising company, is also a sponsor. HAKUHODO KEY3 develops Web3 services together with clients while planning and managing Web3 hackathons.

HAKUHODO KEY3 Director Takumi Sano said as follows.We are very excited to see what new web3 services will be built under the auspices of Toyota Motor Corporation. This could be an important hackathon that will change the course of history.We look forward to your participation.

The Astar Foundation will provide $75,000 in ASTR tokens for this hackathon, and the Web3 Foundation will sponsor $25,000. A total of $100,000 will be used as bounties for winning projects selected by Toyota, Astar Foundation, Web3 Foundation, Alchemy, and HAKUHODO KEY3.

Astar Network is the go-to layer 1 blockchain for developers and businesses building for the Japanese market. Japanese government, enterprises and Web3 solutions are actively cooperating with Astar to build a global platform originating in Japan.

Since the mainnet launched in January 2022, over 70 decentralized applications have been built on Astar’s trusted blockchain. Astar’s native token, ASTR, is already listed on his one of Japan’s largest exchanges, Bitbank. This accessibility allows Japanese companies and start-ups to easily grow their Web3 business by developing applications and use cases on Astar Network.

About Aster Network

Astar Network supports building dApps using EVM and WASM smart contracts, offering developers true interoperability with Cross-Consensus Messaging (XCM) and Cross-Virtual Machines (XVM). Astar’s unique Build2Earn model allows developers to get paid for their code and the dApps they build through his dApp staking mechanism.

One of the first parachains to appear in the Polkadot ecosystem, Astar is a vibrant network supported by all major exchanges and Tier 1 VCs. Astar offers the flexibility of all his Ethereum and WASM tools for developers to start building dApps. To accelerate the growth of Polkadot and Kusama Networks, Aster Space Lab Provides an incubation hub for top TVL dApps.

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Maarten Henskens [email protected]

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