Startale Labs recently announced a joint venture with Sony Network Communications. The collaboration will see the parties develop a blockchain for Sony.
The blockchain network will be used to support the worldwide Web3 infrastructure. Both parties will merge their partner networks, expertise, and skill sets to enable the development.
With blockchain technology advancing significantly, both Startale Labs and Sony will leverage its potential to propose Web3-based use cases. The parties have decided to establish a joint venture company by the name of Sony Network Communications Labs Pte. Ltd. in September.
As expected from a massive brand such as Sony, the joint venture company will gain exposure in multiple domains. Some of them are entertainment technology, music, games, pictures, financial services, and network services.
Jun Watanabe, Sony’s Representative Director and President, commented on the latest development. According to Watanabe, everyone at Sony is thrilled to be working with Startale Labs.
The company is renowned for its Web3 expertise and technology. The companies will drive innovation throughout several circles by merging Sony’s experience in AI, solutions services, and IoT with Startale Labs Web3 expertise.
The CEO of Startale Labs, Sota Watanabe, also talked about the collaboration. According to the CEO, the joint venture follows the company’s successful capital partnership with Sony in June.
The Startale Labs team is thrilled to be collaborating more with the tech giant. The joint venture is based on the connections, knowledge, and assets the companies share. It aims to co-develop a leading blockchain ecosystem.
Every involved party is looking forward to disrupting the Web3 trend and driving the technology worldwide, added Sota Watanabe.
Given Sony and Startale Labs sheer status, their collaboration is expected to be a sure success.