Blockchain

Sony And Startale Labs Join Forces To Shape The Future Of Web3 With Sony Chain

Key Points:

Sony and Startale Labs team up for blockchain innovation.
Joint venture to create a global blockchain infrastructure.
With an initial $3.5 million investment from the company, Startale Labs is set to advance the development of Sony Chain.

Sony Network Communications and Startale Labs are joining forces to establish a new joint venture named “Sony Network Communications Labs Pte. Ltd.” set to launch in mid-September. This collaboration will focus on pioneering developments in blockchain technology.

Sony And Startale Labs Join Forces To Shape The Future Of Web3 With Sony Chain 2

The subsidiary of Sony and Startale Labs, known for their work on Astar Network, announced this partnership to further the advancement of Sony Chain, a prominent project in the blockchain arena. The aim is to create a global infrastructure supporting the Web3 era, spurring innovation in multiple industries.

The new company will leverage the company’s wide-ranging involvement across diverse business segments, such as gaming, network services, entertainment, imaging, financial services, and more, to provide value-added services across various sectors.

By combining their expertise, skill sets, and extensive networks of partners, the companies aspire to develop a blockchain that could serve as the backbone of the global Web3 infrastructure.

Jun Watanabe, President, and Representative Director of the company’s subsidiary, expressed excitement about this collaboration, emphasizing the combination of the company’s experience in communication, IoT, AI, and solution services with Startale Labs’ expertise in Web3 technology.

By combining their expertise, skill sets, and extensive networks of partners, companies aspire to develop a blockchain that could serve as the backbone of the global Web3 infrastructure.

Earlier in June, Startale Labs received a $3.5 million investment from Sony Network Communications, further underscoring their commitment to this strategic partnership and the development of the blockchain.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.