Sony Partners With Startale Labs to Build Global Web3 Infrastructure

Sep 12, 2023

Sony Network Communications Inc. has recently solidified its commitment to web3 infrastructure by investing $3.5 million in Startale Labs, a promising tech company dedicated to developing the web3 sector.

This strategic partnership aims to establish a global web3 infrastructure, leveraging Sony’s extensive experience in telecommunications and other sectors as well.

Sony and Startale’s "Web3 for Billions" Strategy

Startale Labs, a core contributor to the Astar Network, is on a mission to build “Web3 for Billions.” With Sony’s financial backing, the company plans to double its workforce from 15 to 30. This will also allow it to further contribute to Astar Network and Polkadot and embark on new projects for Ethereum.

Sony’s investment in Startale Labs underscores its commitment to the blockchain industry, especially as the focus shifts from Silicon Valley to Asia and Pacific markets due to regulatory uncertainty in the US.

This move aligns with Sony’s previous ventures into blockchain technology, further solidifying its position in the web3 space. Jun Watanabe, President and Representative Director of Sony Network Communications Inc., will join Startale Labs as a director.

Overall, this move indicates a deepening relationship between the two companies, which had already been cooperating by jointly hosting incubation programs aimed at promoting web3 development.