Toyota is delving deeper into the Web3 ecosystem through its support of a hackathon developing DAO tools to discover possible use cases to improve its operations.
its inaugural Web3 hackathon. The news of note, however, was that it’s being supported by the Toyota Motor Corporation.
Astar Network founder Sota Watanabe commented on the significance of Toyota’s involvement in the initiative: “During the event, we aim to develop the first PoC DAO tool for Toyota’s employees. If a good tool is produced, Toyota employees will interact daily with products on Astar Network.” It’s Toyota’s first Web3 event as the multinational vehicle company looks to emerging technology to “support its vision of improving the company’s operations,” the announcement noted.
The Astar Foundation is pledging $100,000 in funding for the event, which will go toward rewards for winning projects selected by Toyota.
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