Sony and Startale Labs Announce Joint Venture to Create Blockchain for Web3
Sony Network Communications and Startale Labs have announced a groundbreaking joint venture to create a blockchain for the global Web3 ecosystem.
Partnership to Usher in a New Era of Blockchain Technology
Leveraging their collective expertise, skills, and extensive network of partners, this partnership is poised to usher in a new era of blockchain technology and Web3 adoption.
About Sony Corporation
Sony Corporation is a multinational conglomerate based in Japan. Founded in 1946, Sony is renowned for its diverse range of products and services, including electronics, gaming, entertainment, and financial services.
- Sony Electronics
- Sony Interactive Entertainment (responsible for PlayStation)
- Sony Pictures
- Sony Music
- Sony Financial Holdings
About Startale Labs
Startale Labs is a technology company headquartered in Singapore with a primary focus on Web3 infrastructure. It aims to build innovative products and solutions that facilitate the widespread adoption of Web3 technologies.
Launch of “Sony Network Communications Labs Pte. Ltd.”
The partnership between Sony and Startale Labs will result in the creation of “Sony Network Communications Labs Pte. Ltd.” The launch is scheduled for September and promises to bring unique products and services to the world of Web3.
Sony’s Interest in Web3
In recent years, Sony has shown significant interest in the Web3 space:
- In 2018, Sony applied for a blockchain-patented storage right.
- In 2022, Sony went for a trademark for music NFTs.
- In 2023, Sony joined forces with Astar Network to introduce a Web3 incubation program and filed a patent for enabling the transfer of NFTs across various games and consoles.
Excitement from Sony and Startale Labs
Jun Watanabe, President of Sony Network Communications, expressed excitement about the partnership with Startale Labs and their joint vision of leveraging their respective expertise.
Sota Watanabe, CEO of Startale Labs, emphasized their shared goal of developing an advanced blockchain and ecosystem and their commitment to identifying and promoting Web3 trends worldwide.