Sony Network Communication and Startale Labs announced their joint venture agreement by combining their knowledge, abilities, and network of partners for the development of blockchain, which has the potential to become the backbone of global Web3 infrastructure.
Both teams will maximize the full potential of blockchain technology and focus on developing killer Web3 use cases to encourage the adoption of Web3. The joint venture is referred to as “Sony Network Communications Labs Pte. Ltd.” and will be established in September.
Sony Group has always been involved in business segments like game and network services, music, pictures, entertainment technology and services, imaging and sensing solutions, and financial services. The new company will seek to offer value-added services across various industries.
The president and Representative Director of Sony Network Communications talked about this venture collaboration, “By combining Sony Network Communications’ experience in communication, IoT, AI, and solution services with Startale Labs’ insights and technical prowess in Web3, we aspire to create a global infrastructure that underpins the Web3 era, driving innovation across existing industries.”
The CEO of Startale Labs, Sota Watanabe, shared his thoughts, “This joint venture is founded on the synergy of our respective assets and knowledge, aimed at co-developing leading blockchain and its ecosystem. We are determined to discern web3 trends and drive them globally.” Source