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Astar Network and KDDI seal strategic Web3 partnership with MoU signing

Astar Network and KDDI seal strategic Web3 partnership with MoU signing

On October 24, 2023, Singapore-based Stake Technologies Pte. Ltd., also known as Astar Network, partnered with Startale Labs Pte. Ltd. to enter preliminary talks with Tokyo-based KDDI Corporation, led by CEO Makoto Takahashi.

This collaboration centers around the Web3 domain, aims to drive the adoption of blockchain technology in society and pioneer unique customer experiences for the Web3 era, as per the information shared with Finbold.

The goals of our cooperation are to hasten the widespread use of blockchain technology and to provide novel Web3-era consumer experiences, thus Astar will be advancing conversations covering specifics and duties of the partnership.

The primary topics for collaboration discussion include exploring the possibilities of non-fungible tokens (NFTs) and Web3 products to deliver unique customer experiences. Additionally, the teams will delve into the potential applications of Astar zkEVM powered by Polygon in KDDI’s “αU market” and “αU wallet”. 

The parties will also evaluate potential services and uses compatible with the “αU wallet” and explore the prospects of a new business venture leveraging token technology.

Astar Network continues to grow internationally

Shun Ishikawa, Director of Stake Technologies (Astar Network) stated:

“We believe that the recognition of our newly introduced ‘Astar zkEVM powered by Polygon’, an Ethereum layer 2 solution by Astar Network, by KDDI Corporation, a major domestic telecommunications operator with significant influence in the content field, and αU, is a testament to the high expectations for Astar zkEVM and the strong reputation Astar Network has built both domestically and internationally.”

He added:

“With world-class tools in the Astar zkEVM ecosystem, businesses can develop services that benefit from Ethereum while offering high UX, low fees, and fast transactions. We feel that we are very compatible with KDDI Corporation and αU, both of which focus on creating platforms and content with a user-first approach.”

All in all, leveraging KDDI’s proficiency in 5G communication and cutting-edge content service operations, together with the global network, Web3 business insights, and technology from Astar Network and Startale Labs, the collaboration aims to enhance the αU service. Their shared vision is to foster a creator economy and craft novel customer experiences through Web3 technology.

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