Gaming giant Sony invests in Japanese public chain Astar Network developer Startale, putting in 3.5 million euros to build Web3 infrastructure.

Japanese conglomerate Sony announced at the end of June that it has invested in Japanese Web3 developer Startale, injecting a total of $3.5 million to build Web3 infrastructure. Source

What is Web3 developer Startale?

Startale is a Web3 developer founded by CEO Watanabe Sota, a new-generation figure in the Japanese Web3 startup scene, born in 1995. One of Startale's products is the emerging public chain in Japan called Astar Network.

What is the collaboration between Sony and Startale?

Sony made a seed round investment of $3.5 million in Startale for equity, and the representative director of Sony Network Communications Inc., Watanabe Jun, has been appointed as a director of Startale. The two companies will collaborate to promote global adoption of Web3, assisting Sony in creating successful solution services in communication and other fields.

Industry Giant Sony Enters! Integration of Web3 with Playstation Possible?

Startale CEO Watanabe Sota expressed his honor in partnering with Sony, a company with outstanding performance in various industries including gaming, network services, music, imaging, entertainment technology, and services. Additionally, Sony excels in imaging and sensing solutions and financial services. He believes Sony has immense potential in the Web3 industry and hopes to jointly develop global Web3 adoption with Sony.

Sony representative director Watanabe Jun stated that Sony will lead incubation projects with Startale to develop Web3 and help advance global Web3 adoption in Sony's business.

In March of this year, Sony has already organized an incubation program with Startale.