- This is an infrastructure provider from Japan
- Earlier, the parties launched a joint business incubator for Web3 startups
- This is not Sony’s first targeted project focused on blockchain solutions and related technologies.
Yesterday, June 28, Sony Network Communications announced the deepening of cooperation with Startale Labs. As part of the agreement, the corporate giant is investing $3.5 million in the firm to develop new Web3 solutions and infrastructure.
“We are excited to strengthen our partnership with Startale Labs, a company with cutting edge technology and experience in Web3. Together we organized a business incubator to support ideas aimed at developing the sphere” — Sony CEO Jun Watanabe.
Here we are talking about about the joint initiative of the two companies, which the parties announced in February. It is a Web3 start-up incubator aimed at supporting and stimulating the market in Asia.
Notably, as part of the collaboration, Jun Watanabe will take over as director at Startale Labs. And one more interesting detail, the CEO and founder of the company is Sota Watanabe, although there is no information about the relationship of these two.
Both companies will jointly explore new solutions and ways to implement them to drive Web3 development. But it is still unknown what kind of projects we are talking about.
Note that Startale Labs is an infrastructure provider. The company’s goal is to create “Web3 for billions of users”. But so far, the company is focused on work in Japan. We previously reported that Sony is seeking a patent for tracking technology for gaming NFTs and collectibles. This will allow working out a clear mechanism for copyright protection.