Sony Network Communications and Startale Labs Join Forces to Pioneer Web3 Blockchain

September 12, 2023 at 10:21 AM GST updated: September 25, 2023 at 11:59 PM 2 mins read Crypto Live News

Sony Network Communications and Startale Labs unite for a pioneering Web3 blockchain venture.
The collaboration leverages Sony’s diverse business segments for global Web3 infrastructure.
The joint venture aims to drive blockchain innovation and adoption across industries.

Sony Network Communications and Startale Labs announce a groundbreaking joint venture aimed at spearheading the development of a blockchain poised to become the cornerstone of the global web3 infrastructure.

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Specifically, the partnership will capitalize on their combined expertise, skill sets, and extensive network of collaborators. The new venture, “Sony Network Communications Labs Pte. Ltd.,” will likely make its debut this September.

This strategic collaboration leverages Sony’s diverse presence across various sectors, including gaming, network services, music, entertainment technology, imaging, and financial services. The collaborative entity aspires to deliver value-added solutions across a spectrum of industries.

Jun Watanabe, President and Representative Director of Sony Network Communications, expressed his enthusiasm. “We are excited to announce the establishment of this joint venture with Startale Labs, a company renowned for its advanced Web3 technology and expertise.”

In addition, he says that by merging Sony Network Communications’ experience in communication, IoT, AI, and solution services with Startale Labs’ insights and technical prowess in Web3, they aim to create a global infrastructure ushering in the Web3 era and driving innovation across existing industries.

Meanwhile, Sota Watanabe, CEO of Startale Labs, shares his take via a post on TwitterX. As we can see, he highlights how following their capital partnership with Sony Network Communications in June and the subsequent announcement of this joint venture, they are looking forward to deeper collaboration.

Probably the biggest announcement we made so far. I am extremely excited to announce that Sony is going to make Sony's blockchain together with @StartaleHQ, a spin-off company from @AstarNetwork through the joint venture between us. This can be the game changer in web3, and here… pic.twitter.com/zpZxNUcH8W
— Sota Watanabe (@WatanabeSota) September 12, 2023

In fact, he also says that this venture hinges on the synergy of their combined assets and knowledge, with the goal of co-developing leading blockchain technology and its ecosystem. Above all, they are committed to identifying global Web3 trends and driving their adoption.

All in all, this collaboration promises to be a game-changer in the Web3 arena. After all, many see the potential to significantly impact various industries by harnessing the power of blockchain technology.