As known from:
known from Coinwireknown from Benchknown from Coinindex
  • About CryptoGmblr.com
Contains commercial content
Cryptogambling / Sony backs Web3 infrastructure startup Startale Labs with $3.5m investment

Sony backs Web3 infrastructure startup Startale Labs with $3.5m investment

Publish Date: 29/06/2023
sony, tags: web3 infrastructure startup - startale.org

sony – startale.org

Sony Network Communications, a famous Japanese technology and entertainment company subsidiary, invested $3.5 million in Startale Labs through a private share issuance.

The Web3 startup plans to use the investment to build the required infrastructure for the global adoption of Web3 technology. Both companies will collaborate to identify and explore investment opportunities. Their partnership aims to expand the widespread acceptance of Web3 technology.

Before this partnership, the two companies had a history of collaboration on a previous project. They joined forces with Astar Network, a smart contract platform built on Japan’s Polkadot Network, earlier this year.

The two entities organized a Web3 Incubation Program. This program provides support to Web3 projects. It aims to enhance the capabilities of NFTs and decentralized autonomous organizations.

Startale Labs will use some of the funds to hire new talent to speed up the development of Web3 products and services. The company wants to ease the adoption of blockchain technology among users and businesses in Japan to realize “Web3 for Billions.”

In line with this news, Jun Watanabe, the president and representative director of Sony Network Communications, has joined Startale Labs as a director. According to Jun, the collaboration between Startale Labs and Sony Network Communications holds great potential.

“We believe this partnership will contribute to the creation of new killer Web3 use cases and deliver unprecedented levels of value.”

Jun Watanabe, Sony Network Communications president

Sota Watanabe, CEO of Startale Labs, shared his thoughts on the announcement. He emphasized the significant potential that Sony Group brings to the Web3 space.

Sota also emphasized Sony Group’s extensive intellectual property. He acknowledged that Sony Group’s expertise in areas connected to the creator economy is a valuable asset.

He added that the company is excited about two things. The first is working with Sony Network Communications to develop worldwide Web3 infrastructure. The second is creating innovative use cases that push the boundaries of the Web3 space.

Speaking to Cointelegraph, Sota said the partnership with Sony offers valuable opportunities to enable a fledgling Web3 startup like his company to gain knowledge and leverage various resources.

Sota explained that grasping blockchain technology stacks is important for developers and users. This factor is especially crucial when engaging with Web3 to ensure seamless experiences for the general public. He also highlighted the importance of a tool that enables people with limited Web3 knowledge to interact with the space.

Sony ventures into Web3

Sony Network Communications is a provider of high-speed fiber optic internet services. While its focus lies in this domain, other sectors and divisions within the broader Sony conglomerate have ventured into many Web3 endeavors, including NFTs.

In March 2023, Sony Interactive Entertainment filed a patent to enable users to transfer and use NFTs across various gaming platforms. Players can transfer their in-game items and assets with this patent across devices. These devices include virtual reality headsets, tablets, computers and smartphones.

The application also mentioned the potential for cross-generational use of NFTs, allowing transfers between platforms like PS4 and PS5. It also delved into the functionality of NFTs about achievements and tournaments. In certain embodiments, the patent application specified that these tasks could involve winning an eSports tournament.

The initial user entity would use the corresponding digital asset, accessible through the NFT, across many computer simulations. Sony said in the patent that the framework aimed to achieve interoperability within the Sony ecosystem and with external products like the Xbox or a “cloud-based video game” platform.

The patent also described a feature that prevents gamers from repeating tasks to earn the same NFTs through different products or games. Another way to enforce this is by declining to provide more NFTs for subsequent task performances.

Top Online Casinos
Top Casinos Bonuses
Stake.us
Stake.us
Stake.us Review
4.8/5
McLuck
McLuck
McLuck Review
4.7/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.7/5
Fortune Coins
Fortune Coins
Fortune Coins Review
4.6/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.8/5
McLuck
McLuck Bonus
27.5 SC FREE and 57.5K Gold Coins
T&Cs apply
4.7/5
Wow Vegas
Wow Vegas Bonus
35 SC FREE and 1.75M WOW Coins
T&Cs apply
4.7/5
Fortune Coins
Fortune Coins Bonus
Claim Your Free 650,000 Gold Coins & 1,400 Fortune Coins
T&Cs apply
4.6/5
Sweeptastic
Sweeptastic Bonus
21 SC FREE and 20K Lucky Coins
T&Cs apply
4.5/5
Latest News
Charles Hoskinson forecasts Altcoin season showdown: ADA vs. DOGE
Cardano (ADA) Faces Dual Meme Coin Competition where ...
Top 5 AI cryptocurrencies ready to thrive during the next bull market
New crypto ventures merge the groundbreaking capabilities of ...
Top Crypto Exchange Sites
Crypto Exchange Guide
  • Crypto Exchanges
  • Betting Exchange
Top Brands
Top Bonuses
Stake.us
Stake.us
Stake.us Review
4.8/5
McLuck
McLuck
McLuck Review
4.7/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.7/5
Fortune Coins
Fortune Coins
Fortune Coins Review
4.6/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.8/5
McLuck
McLuck Bonus
27.5 SC FREE and 57.5K Gold Coins
T&Cs apply
4.7/5
Wow Vegas
Wow Vegas Bonus
35 SC FREE and 1.75M WOW Coins
T&Cs apply
4.7/5
Fortune Coins
Fortune Coins Bonus
Claim Your Free 650,000 Gold Coins & 1,400 Fortune Coins
T&Cs apply
4.6/5
Sweeptastic
Sweeptastic Bonus
21 SC FREE and 20K Lucky Coins
T&Cs apply
4.5/5

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPGGamblers AnonymousCloudflareSSLco² neutral
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Go to Stake.us
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: CRYPTGAMBL
  • Play Stake Originals games for free
  • Get free Stake Cash daily just by logging in
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site