Fujitsu sets up Web 3.0 acceleration platform for startups and enterprises

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Japanese tech giant Fujitsu has announced the launch of its platform to support individuals and enterprises looking to launch projects using the blockchain.

Named the Fujitsu Web3 Acceleration Platform, the incubator aims to create a “rich ecosystem” that will allow startups and other entities to develop blockchain-based projects. Fujitsu’s novel project targets universities and early-stage companies exploring blockchain for multiple use cases.

“We are excited about the launch of the Fujitsu Web3 Acceleration Platform,” Yoshito Sudo, CEO of TC3 K.K., said. “By participating in the Fujitsu Web3 Acceleration Platform, we plan to prototype Web3 application services and DAO community services.”

Vice President of Kwansei Gakuin University Hiroyoshi Miwa hailed the initiative for allowing the institution to launch innovative products using blockchain rather than merely researching advanced technologies. Miwa also said, “Web3 is still in its infancy, but it has the potential to open up a whole new world.”

Fujitsu noted that its Web3 strategy revolves around exploring the benefits of decentralized autonomous organizations (DAO), managing digital content rights, and improving digital trust.

Full-scale operations on the Fujitsu Web3 Acceleration Platform are expected to begin in March, starting with Japan with a plan to expand globally later in the year. Although users of the platform will be expected to pay a fee, selected participants of its Fujitsu Accelerator Program will be allowed to use it for free.

Aside from DLT, the program will be extended to firms experimenting with artificial intelligence (AI), combinatorial optimization, and simulations, allowing users to test and provide solutions in multiple scenarios.

The rise and rise of Web3 accelerator programs

Web3 accelerator programs have surged in popularity over the last 12 months, with the latest being Beacon’s completion of its first cohort. Thirteen firms drawn from the metaverse, decentralized finance (DeFi), and decentralized applications (DApps) sectors took part in the process.

“We were worried that companies might start dropping out, so disheartened by the crypto markets,” said Polygon’s co-founder Sandeep Nailwal. “Instead, everyone turned up and was ready to keep building through this.”

Cronos Labs announced that it had begun accepting applications for the second cohort of its Web 3 accelerator program with selected projects receiving seed funding of $30,000.

Watch: Web3 and BSV Blockchain