Samsung Next’s official blog post discussed the growing relevance of the Web3 sector, citing increasing demand for transparent transactions and crypto-related activities. This investment comes after Startale Labs partnered with Sony to bring out the Layer-2 blockchain known as Soneium on Ethereum. Samsung Next revealed the investment on the 3rd of September 2024 through a post on the X platform where he shared his excitement about Startale’s vision of a decentralized world.
In August, Sony collaborated with Startale to introduce Soneium, a Layer-2 blockchain Optimistic roll-up optimized for Security and Stability. The move is under Sony Block Solutions Labs and seeks to grow the Web3 space by onboarding more players. The founder of the Startale Labs, Sota Watanabe, added that the chief purpose of the project is to help newcomers dive into the world of Web3.
Also Read: Sony to Launch New Blockchain ‘Soneium’ on Ethereum’s Layer 2 Network
Samsung Next Highlights the Importance of Web3 Adoption
Web3 also came into the spotlight at Samsung Next, where the firm spoke of a rise in demand for Web3-related transactions and crypto operations. The post reiterated the necessity and importance of embracing Web3 technology in advancing technology transformation in general. For this reason, expanding our investment in Startale Labs is consistent with Samsung Next’s mission of building the infrastructure needed for a decentralized world.
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Samsung Next also outlined the reasons for backing Startale Labs, noting the company’s focus on addressing high entry barriers, interoperability issues, and the technical complexities within the Web3 ecosystem. Startale Labs’ tools and strategies aim to ease these challenges, fostering a seamless environment for developers and users alike.
Conclusion
Samsung Next’s investment in Startale Labs will only further its investment in the future of the Web3 ecosystem. It will further boost the adoption of decentralized technologies leveraging Startale Labs, which significantly offer fundamental services and solutions. Furthermore, the developments between Sony and Startale in building the Soneium blockchain show substantial growth in Web3.
Also Read: Sony Acquires Amber Japan, Marking Entry into the Crypto Industry
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.