Sony new venture to forge ‘backbone of global Web3 infrastructure’ ...Middle East

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Sony Network Communications (NASDAQ: SONY) has revealed ambitious plans to launch a public blockchain, which it says could become the “backbone of global Web3 infrastructure.” Startale Labs has successfully secured $3.5m in seed funding from @sonynetworkcom To realize the mission of “Web3 for Billions”, Startale will continue its journey to becoming a global leading web3 company. https://t.co/0EcMhz7e0x — Startale Labs (@StartaleHQ) July 3, 2023 Sony confirmed that the project will be in the form of a joint venture agreement with Startale Labs, makers of the Astar Network. Sony stated that it will own 90% of the project, with Startale Labs owning 10%. “As blockchain technology continues

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