–News Direct–

Sony Network Communications and Startale Labs are thrilled to announce that they have entered into a joint venture agreement dedicated to developing a blockchain that can become the backbone of global web3 infrastructure by combining their expertise, skillset, and network of partners. As blockchain technology continues advancing, the teams will harness it to its fullest potential and focus on creating killer web3 use cases to drive the adoption of web3. The joint venture company will be established in September, as Sony Network Communications Labs Pte. Ltd..

With its involvement across Sony Groups diverse business segments such as game and network services, music, pictures, entertainment technology and services, imaging and sensing solutions, and financial services, the new company will aim to provide value-added services in various business arenas.

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."

Company Name	Sony Network Communications Labs Pte. Ltd.
Address	105 Cecil Street #24-02 The Octagon Singapore 069534
Date established	September 2023
Chairman	Jun Watanabe
Capital	1,000,000 SGD
Investment ratio	Sony Network Communications: 90% Startale Labs: 10%
Services	The planning, development, and related business activities concerning blockchain.
URL	https://wwwip.sonynetwork.co.jp/sonynetworkcomlabs/en/

About Sony Network Communications Inc.

Sony Network Communications Inc, a Sony Group company, was established in 1995 as an Internet service provider. In addition to its telecommunications business, including the high-speed fiber-optic broadband service NURO Hikari, the Company is engaged in businesses such as IoT, AI, and solution services. Based on its corporate vision INFRASTRUCTURE of CHANGE For all humanity, Sony Network Communications also promotes diverse incubation and new businesses, including the Web3 area.

https://www.sonynetwork.co.jp/corporation/en/

About Startale Labs

Startale Labs is a leading technology company headquartered in Singapore. With a focus on Web3 infrastructure, the company aims to build innovative products to enable the widespread adoption of Web3 technologies.

Company Name: Startale Labs Pte Ltd

Address: 105 Cecil Street #2402 The Octagon, Singapore

Representative: CEO Sota Watanabe

Corporate Website: https://startale.org/

Twitter Account: https://twitter.com/StartaleHQ

Contact: [email protected]

As Sony Network Communications Labs Pte. Ltd., we will be exhibiting at the 'TOKEN 2049' taking place in Singapore from September 13th to 14th.

For more information about the event, please refer to the following link: https://www.asia.token2049.com/

Contacts:

Sony Network Communications Media Contact: [email protected]

Startale Media Contact: [email protected]

Contact Details

Startale Labs

Startale Media Contact

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/sony-network-communications-and-startale-labs-form-joint-venture-to-build-a-blockchain-in-areas-of-global-web3-infrastructure-735716698

Startale Labs

COMTEX_440003510/2655/2023-09-11T20:43:54