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 <p class="is-style-lead">Sony and Startale Labs are entering into a joint venture agreement to develop a <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> that could become the backbone of global web3 <a rel="noopener noreferrer nofollow" title="infrastructure" href="https://thebittimes.com/tag/infrastructure.html">infrastructure</a>.</p> 
 <p>The joint venture company will be established under the name “Sony Network Communications Labs Pte. Ltd.”</p> 
 <h2 class="wp-block-heading" id="collaborating-more-deeply">Collaborating more deeply</h2> 
 <p>According to the press release shared with crypto.news, the companies believe in the potential of web3 and plan to “create killer web3 use cases to drive” its adoption.</p> 
 <p>This announcement comes after the capital partnership Startale Labs and Sony Network Communications established in June and will be, as Sota Watanabe, the CEO of Startale Labs highlights, a deeper collaboration.&nbsp;</p> 
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 <p>As a part of this new endeavor, both firms will share their respective assets and knowledge to co-develop leading <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>s and their ecosystem while simultaneously discerning web3 trends and driving them globally.</p> 
 <p>“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 <a rel="noopener noreferrer nofollow" title="infrastructure" href="https://thebittimes.com/tag/infrastructure.html">infrastructure</a> that underpins the web3 era, driving innovation across existing industries,” Jun Watanabe, president and representative director of Sony Network Communications said.</p> 
 <h2 class="wp-block-heading" id="leveraging-the-industry-s-best">Leveraging the industry’s best</h2> 
 <p>This announcement is not Sony’s first dip into web3 waters. </p> 
 <p>In February 2023, the Japanese powerhouse also entered a partnership with Astar, a Japanese <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>, as part of a web3 incubation program and Theta, the <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a>-enabled streaming platform that continues to be a long-standing partner of the company, as evidenced by their 3D NFT release in 2022.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> The rise of blockchain gaming in Asia has just begun | Opinion 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sony-to-build-a-blockchain-for-web3-infrastructure-with-startale-labs-tbt62512.html">https://thebittimes.com/sony-to-build-a-blockchain-for-web3-infrastructure-with-startale-labs-tbt62512.html</a></p>

Sony to build a blockchain for web3 infrastructure with Startale Labs

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