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Sony Ventures into Blockchain Space, Announces Joint Venture for Web3 Development
Japanese tech giant Sony is set to enter the Web3 space by developing its own blockchain network. The company's IT subsidiary, Sony Network Communications, will collaborate with Singapore-based Startale Labs to create a joint venture called Sony Network Communications Labs. Sony aims to leverage its expertise in IoT, AI, and solution services to build a global infrastructure for the Web3 era. This move follows Sony's previous forays into blockchain, including rights management solutions and blockchain platforms for J-pop groups. Sony joins a growing list of Japanese firms entering the blockchain, metaverse, and NFT sectors.