- Samsung Next invests in Startale Labs to foster the mission of establishing a “decentralized future.”
- The move follows Startale Labs’ partnership with Sony to launch the Soneium L2 blockchain.
- Startale Labs provides infrastructure and tools to enhance and simplify the Web3 sector.
Samsung Next, the investment arm of Samsung, has invested in Startale Labs, a web3 infrastructure development company. This move comes on the heels of Startale Labs’ strategic collaboration with Sony to launch the L2 blockchain Soneium.
On September 3, 2024, Samsung Next announced its investment in Startale Labs on the X platform. The company expressed its excitement about the partnership and its support for Startale’s mission of building a “decentralized future.”
Last month, Sony announced its partnership with Startale, unveiling the launch of Soneium, a layer-2 network on the Ethereum blockchain. Developed under Sony Block Solutions Labs, Soneium intends to utilize optimistic rollup technology, prioritizing security and stability. Startale Labs CEO Sota Watanabe stated that the project’s key vision is to attract new members to the Web3 ecosystem.
In an official blog post, Samsung Next discussed the significance of the Web3 space in light of the increasing demand for transparent transactions and crypto dealings. Recognizing the need to promote widespread technology adoption, Samsung Next highlighted Startale Labs’ crucial role in the area.
Expanding on their motive behind the new investment, Samsung Next stated that Startale Labs provides infrastructure and tools for building a solid foundation for a “decentralized future.” Startale Lab’s strategies and tools aim to address high entry charges, interoperability risks, and technical complexity.
Additionally, the platform added that its investment in Startale Labs is due to the latter’s leadership in the Web3 sector, which solves the industry’s challenges. Startale Labs’ tools and infrastructure, including the Astar Network, Soneium, and Startale Cloud Services, reportedly simplify the complexities of decentralized applications (dApps) and smart contracts.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
