Samsung Next, the venture capital branch of South Korea’s tech giant Samsung, has announced its strategic investment in Startale Labs through Sony’s Soneium Spark program.
Founded in 2023 by Sota Watanabe, Startale Labs is aligned with Astar Network to support its development. The company initially started independently but later formed a joint venture with Sony Network Communications Inc.
Both Startale Labs and Astar Network share Watanabe’s vision, and Watanabe is also the director at Sony Blockchain Solutions Labs, which recently launched Soneium, an Ethereum Layer-2 blockchain.
Although specific financial details of the investment were not disclosed, Samsung Next investor John Yim highlighted that the partnership aims to support Startale Labs, a key player in addressing major Web3 challenges. Yim emphasized that the goal is to nurture a community of innovators to turn visionary ideas into practical solutions for long-term growth in Web3.
Recently, Startale Labs has been involved in launching Soneium, an Ethereum Layer-2 blockchain designed to enhance Web3 accessibility and functionality.
Samsung Next’s participation in this incubation program aligns with its goal to foster innovation and support the growth of Web3 technologies. The program also includes other blockchain industry giants like Circle, Alchemy, Chainlink, and The Graph, as well as Sony subsidiaries such as Sony Music and Sony Pictures.
Soneium, developed using optimistic rollups and the Astar zkEVM infrastructure, is positioned to make Web3 more accessible and functional. The Soneium Spark incubation program, part of this initiative, will offer investments of up to $100,000 per team to encourage Web3 developers to create decentralized applications (dApps) on the Soneium blockchain.
Also Read: Sony Launches Soneium Testnet Minato for Web3 Development
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