Sony’s wholly-owned subsidiary – Sony Network Communications – has injected $3.5 million in a seed round for Singapore Web3 tech giant, Startale Labs in addition to yet another strategic collaboration. The deal was conducted via a private placement of new shares and did not have any other investors. Both firms have announced appointing Jun Watanabe, President and Representative Director of Sony Network Communications Inc., as a director of Startale Labs as part of the partnership. According to the blog post, Startale Labs and Sony Network Communications plan on working towards setting up the necessary infrastructure.
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