On March 10, Astar Network’s founder and CEO Sota Wannabe revealed that tech giant Microsoft will now jointly work with the network to support its ‘Astar Incubation Program.’
Amazing news 🤩 @Microsoft announces support for the Astar Incubation Program to build the Web3 future.
We have been working with Microsoft for more than a year. And we are excited to work together for realizing Web3. Check out what we do together 👇https://t.co/50hPpAyade
— Astar Network | WASM + EVM HUB on Polkadot (@AstarNetwork) March 10, 2022
Astar Network, a multi-chain dApp hub, launched its incubation program in February this year intending to support start-up companies working in the Web3.0 space. Venture capitalists, including Alameda Research, Fenbushi Capital, Digital Finance Group, also announced their support for the project.
With Microsoft joining the program, the technology company will provide several resources, such as marketing support and mentorship network to selected startups. In addition, the company will offer up to $350,000 worth of benefits through Github Enterprise, Microsoft Teams, and Azure credits.
The startups are also offered exclusive access to ‘Microsoft for Startups Founders Hub,’ an ecosystem provided by Microsoft that removes barriers to building a company with free access to the technology, coaching, and support.
Commenting on Microsoft joining the program, Sota Wannabe noted:
“Microsoft provides world-class resources to the incubated projects in the Astar ecosystem, which we believe will help entrepreneurs greatly. We appreciate Microsoft’s commitment to the Web3.0 pioneers and Astar ecosystem as one of the most open-minded technology leaders in the world.”
Astar Network is also the third winner of Polkadot’s parachain auction, an ongoing auction where a limited number of blockchains can be connected to Polkadot’s relay chain by collecting the largest amount of DOTs from supporters. The network collected more than 10 million DOTs during the auction period.