Sony Network Communications, a Japanese electronics powerhouse, has announced its new web3 incubation program in partnership with Japan’s most popular blockchain, Astar Network. This program will run from mid-March to mid-June and will provide 10-15 startups with direct resources, tech support, and financial assistance. The companies that qualify for this program will also have access to learning sessions with Venture Capitals, tech workshops, and an offline demo day in June at the Sony Group headquarters in Tokyo during the Japan Blockchain Week.
Startale Labs, a Singapore-based company founded by Sota Watanabe, Astar’s CEO, will help with the program’s organization. This platform develops infrastructure and dApps, offering business consulting concerning multi-chain protocol development. It is also a gateway for large enterprises to use Astrar Network services. Startale will give business strategy and tech support to the participating projects.
Watanabe mentioned that the company looks forward to working with Sony Network Communications in the NFTs and web3 sectors. He hopes that knowledge and resources from the two companies will be valuable to the selected participants and that new use cases and projects will emerge from the program.
Sony Interactive Entertainment, a Sony subsidiary, recently announced its plans to rent NFTs to streamers and players. The patent, by Sony, suggests NFTs could come to PS4 and PS5 soon. It described the system as interconnected to give users an offer to rent an NFT that looks like an artwork or asset from the popular PS 5 games. Meanwhile, they will have access directly by navigating the user interface. The initial filing for the patent was on July 6, 2022, showing Sony has been working towards NFTs for some time. The company also showed interest by proposing PlayStation Stars digital collectibles earlier.
The web3 incubation program by Sony Network Communications and Astar Network is an exciting venture into the blockchain space. It will provide the participants with access to resources, tech support, and financial assistance. The program will also have learning sessions with Venture Capitals, tech workshops, and an offline demo day. It is a great opportunity for startups to get exposure and learn more about the web3 space.
Sony Interactive Entertainment is also taking steps towards NFTs by proposing PlayStation Stars digital collectibles and filing a patent for NFTs. This suggests that soon, PS4 and PS5 users will have access to NFTs. This is an exciting development as it will give users a chance to rent out artworks or assets from the popular PS 5 games.
Overall, Sony is venturing into the web3 space in a big way. The web3 incubation program is a great way for startups to get exposure and resources. Meanwhile, Sony Interactive Entertainment is taking steps towards NFTs. This is an exciting development as it will give users a chance to rent out artworks or assets from the popular PS 5 games. It is clear that Sony is making strides in the blockchain space and is sure to bring more innovative projects in the near future.
