Sony has partnered with Startale Labs, a Singapore-based developer of decentralized applications (dApps) and blockchain infrastructure, to explore #Web3 technologies.
In addition to creating an incubation program, Sony and Startale Labs will collaborate on developing new Web3-based products and services.
Sony's patent application filing for NFTs in gaming. It appears that their long-term goal is to position themselves as leaders in blockchain technology. This partnership is a significant development for the Web3 space, as it signals the growing interest of major corporations in the technology.
Commenting on this strategic collaboration, Jun Watanabe, President and Representative Director of Sony Network Communications stated: "We are excited to announce the establishment of this joint venture with Startale Labs, a company renowned for its advanced Web3 technology and expertise. 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 infrastructure that underpins the Web3 era, driving innovation across existing industries."
Sota Watanabe, CEO of Startale Labs, shared his thoughts: "Following our capital partnership with Sony Network Communications in June and the subsequent announcement of this joint venture, we are looking forward to collaborating more deeply. This joint venture is founded on the synergy of our respective assets and knowledge, aimed at co-developing leading blockchain and its ecosystem. We are determined to discern web3 trends and drive them globally."
Blockchain technology powers Web3, the next generation of the internet. It promises to make online experiences more decentralized and user-controlled.
With Web3, Sony and Startale Labs hope to give artists and creators a new outlet and give consumers more control.
Here's how Sony and Startale Labs could work together:
📌 Developing a decentralized music streaming platform that gives artists more control over their music and allows fans to directly support their favorite artists.
📌Creating a Web3-based marketplace for movies and TV shows, where consumers can purchase and stream content directly from the creators.
📌Building a decentralized virtual world for entertainment, where users can interact with each other and experience content in new and innovative ways.
Full info on official sony resource:
https://www.sonynetwork.co.jp/corporation/release/2023/pr20230912_0107.html
