Today Sony Network Communications announced it is investing $3.5 million in Japanese blockchain firm Startale Labs. The startups’s founder and CEO also founded the Astar Network, a multichain smart contract platform, which is one of the Polkadot blockchain’s parachains.
In February, Sony Networks announced a collaboration with Astar for a web3 incubation program. Astar also has relationships with NTT Docomo and Toyota, amongst others.
The Sony subsidiary is involved in gaming, network services, music, movies and entertainment, which are all areas where blockchain is highly relevant.
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