{"id":144929,"date":"2023-06-28T10:29:00","date_gmt":"2023-06-28T10:29:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=144929"},"modified":"2023-06-28T14:03:54","modified_gmt":"2023-06-28T14:03:54","slug":"sony-network-injects-3-5-million-in-web3-infrastructure-firm-startale","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/sony-network-injects-3-5-million-in-web3-infrastructure-firm-startale\/","title":{"rendered":"Sony Network Injects $3.5 Million in Web3 Infrastructure Firm Startale"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Sony is doubling down its footprint across <a href=\"https:\/\/crypto-economy.com\/what-is-web3\/\" target=\"_blank\" rel=\"noopener\">Web3 <\/a>space which has augmented considerably in recent years, penetrating in various sectors. <\/span><!--more--><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\"><strong>Sony and prominent Singapore-based <a href=\"https:\/\/crypto-economy.com\/how-to-get-started-on-web3-journey-as-a-talent\/\" target=\"_blank\" rel=\"noopener\">Web3<\/a> infrastructure tech firm Startale Labs have announced millions in investment as well as a strategic collaboration.<\/strong> The end goal is to explore joint investment opportunities to foster the adoption of web3.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The development comes nearly four months after the two companies announced that they were working together on a Web3 incubator.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Sony Network Communications and Astar Network\u2019s Joint Web3 Incubation Program Demo Day Set for June 18th<br \/> (via <a href=\"https:\/\/twitter.com\/decryptmedia?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@decryptmedia<\/a>) <a href=\"https:\/\/t.co\/O64zyG4UwZ\" target=\"_blank\">https:\/\/t.co\/O64zyG4UwZ<\/a><\/p>\n<p>&mdash; Sota Watanabe (@WatanabeSota) <a href=\"https:\/\/twitter.com\/WatanabeSota\/status\/1663169413774979074?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 29, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left;\"><b>Sony&#8217;s Collaboration With Startale for Web3 Boost<\/b><\/h2>\n<p style=\"text-align: justify;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-144942 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/06\/Sony-and-Startale-labs-e1687947410237.jpg\" alt=\"Sony's Collaboration With Startale for Web3 Boost\" width=\"825\" height=\"299\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/06\/Sony-and-Startale-labs-e1687947410237.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/06\/Sony-and-Startale-labs-e1687947410237-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/06\/Sony-and-Startale-labs-e1687947410237-768x278.jpg 768w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/06\/Sony-and-Startale-labs-e1687947410237-18x7.jpg 18w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In an official<\/span><a href=\"https:\/\/startale.org\/blog\/startale-and-sony-network-communications-form-capital-38815\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">statement<\/span><\/a><span style=\"font-weight: 400;\">, <strong>Startale Labs has raised a whopping $3.5 million in a seed round from the Japanese juggernaut&#8217;s subsidiary, Sony Network Communications through a private placement of new shares.<\/strong> Interestingly, the transaction was conducted directly and the round did not have any other backers.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The freshly raised capital will also be deployed in <strong>hiring new talent for the development of products and services across the Web3 spectrum, the company confirmed.\u00a0<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For context, Startale Labs is a core contributor to Astar Network and is charged with creating tools and infrastructure to enable enterprise use of Web3 and wider adoption.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We laid out the Astar 2.0 vision to empower billions of people &amp; enterprises with Web3.<\/p>\n<p>The Astar Foundation, Startale, and Governance will achieve this together!<\/p>\n<p>\ud83d\udd2c June 28, <a href=\"https:\/\/twitter.com\/StartaleHQ?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@StartaleHQ<\/a> shares the first milestone of Astar 2.0!<\/p>\n<p>Mark your calendars!<a href=\"https:\/\/t.co\/7WF7FHaRgi\" target=\"_blank\">https:\/\/t.co\/7WF7FHaRgi<\/a> <a href=\"https:\/\/t.co\/n5UtUgXZJZ\" target=\"_blank\">pic.twitter.com\/n5UtUgXZJZ<\/a><\/p>\n<p>&mdash; Astar, Future of Smart Contracts for Multichain (@AstarNetwork) <a href=\"https:\/\/twitter.com\/AstarNetwork\/status\/1670919260519165952?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\"><strong>The partnership between the companies is aimed at establishing the infrastructure necessary to support the global adoption of Web3<\/strong>, according to the Startale. This will be facilitated by Sony Network Communications\u2019 <em>&#8220;extensive knowledge and experience&#8221;<\/em> in developing successful solution services in telecommunications and other sectors.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Commenting on the development, Sota Watanabe, CEO of Startale Labs, said,<\/span><\/p>\n<p style=\"text-align: center;\"><em><span style=\"font-weight: 400;\">&#8220;We are honored to enter into this partnership with Sony Network Communications, a company of the Sony Group that is renowned for its achievements across industries including Games &amp; Network Services, Music, Pictures, Entertainment Technologies &amp; Services, Imaging &amp; Sensing Solutions, and Financial Services. Sony Group has tremendous potential in the Web3 space, and we can\u2019t wait to collaborate on tapping into that.&#8221;\u00a0<\/span><\/em><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The exec further added that the <strong>collaboration with Sony Network Communications is part of the broader vision to develop global Web3 infrastructure<\/strong> and create groundbreaking use cases in the space.<\/span><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"aligncenter wp-image-144941 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/06\/Startale-Labs-e1687946984547.jpg\" alt=\"Startale labs\" width=\"825\" height=\"269\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/06\/Startale-Labs-e1687946984547.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/06\/Startale-Labs-e1687946984547-300x98.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/06\/Startale-Labs-e1687946984547-768x250.jpg 768w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/06\/Startale-Labs-e1687946984547-18x6.jpg 18w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left;\"><b>Sony&#8217;s Previous Collaborations<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">This isn&#8217;t the first time the two companies have teamed up. In fact, <strong>Sony Network Communications have already been cooperating with Startale Labs to host incubation programs in cahoots<\/strong>, with Web3 development being the core objective, for which the duo tapped Astar Network.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Meanwhile, with the latest capital partnership, both companies are onboarding Jun Watanabe, President and Representative Director of Sony Network Communications Inc., as a director of Startale Labs.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony is doubling down its footprint across Web3 space which has augmented considerably in recent years, penetrating in various sectors.<\/p>\n","protected":false},"author":21,"featured_media":144949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[5453],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/144929"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=144929"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/144929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/144949"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=144929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=144929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=144929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}