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Sony Network invests in Japanese Web3 startup to spur mass adoption

Published 06/28/2023, 03:50 AM
Updated 06/28/2023, 05:20 AM
© Reuters.
SONY
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Sony (NYSE:SONY) continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3.

On June 28, Sony Network Communications — a subsidiary of Sony — and Japanese Web3 infrastructure tech company Startale Labs revealed a new business collaboration and a $3.5 million investment to build a foundation for the widespread adoption of Web3.

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A step in the right direction. We appreciate the Sony Network in supporting Web3 startups just like a top-tier crypto exchange, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, with an initial investment of $100 million to focus on investing in Web3-friendly venture capital and outstanding Web3 projects, to support the development of the next generation of crypto projects.
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