Sony Partners with Astar Network to Launch Web3 Incubation Program

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Today’s Cryptocurrency Headline

Sony Network Communications, a business division of The Sony Group, has teamed up with multi-chain smart contract network Astar Network to launch a Web3 incubation program for projects that focus on the utility of non-fungible tokens (NFTs) and decentralized autonomous organizations ( DAOs). According to a press release, the Web3 incubation program will be organized by Singapore-based Startale Labs, founded by Astar Network CEO Sota Watanabe, and will run from mid-March to mid-June this year. Applications for the program open on February 17 and close on March 6.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is down 3.45% over the last 24 hours and fell to an intraday low of $23,339.37. The largest cryptocurrency rose to an intraday high of $25,250.00 earlier today, and the price quickly pulled back below the $24,000 price pressure huge level, suggesting a the $25,000 price level. The market sentiment is still strong as the relative strength index is above the midpoint. The bulls will attempt to thrust the price above $25,000. If the price sustains above $25,000, the BTC/USDT pair could rise to $28,000.

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