Astar founder: NTT DoCoMo, Japan's largest mobile operator, plans to spend more than 500 billion yen to develop its Web3 infrastructure

BlockBeats news, on November 8, Sota Watanabe, the maker of Japanese Web3 standard and founder of Japanese public chain Astar Network, posted on social media that the president of Japan's largest mobile operator NTT DoCoMo announced in a press conference, The company will spend 500 billion yen to 600 billion yen ($3.4 billion to $4 billion) to develop infrastructure and services related to Web3, mainly based on blockchain technology. NTT Docomo will form a new company focused on Web3 and will operate from FY2023.