Entertainment giant deepens blockchain infrastructure partnership as jointly developed Ethereum Layer 2 gains tractionEntertainment giant deepens blockchain infrastructure partnership as jointly developed Ethereum Layer 2 gains traction

Sony Invests Additional $13M in Startale as Soneium Blockchain Surpasses 500M Transactions

Sony Invests Additional $13M in Startale as Soneium Blockchain Surpasses 500M Transactions

Startale Group secured an additional $13 million investment from Sony Innovation Fund, deepening a partnership focused on building blockchain infrastructure for entertainment, intellectual property and artificial intelligence applications, the blockchain developer announced today in a statement.

The follow-on investment marks Sony's continued backing of Startale since the company's September 2023 seed round. The partnership expanded through Sony Block Solutions Labs, the joint venture behind Soneium, an Ethereum Layer 2 blockchain co-developed by the two companies.

The investment reinforces Sony's blockchain strategy as the company builds infrastructure at the intersection of entertainment and distributed ledger technology. The partnership aims to advance new models for IP-led platforms, creator-centric monetization and fan engagement as the industry navigates the AI era.

Soneium has processed over 500 million transactions since launching its mainnet in January 2025, with 5.4 million active wallets and more than 250 live decentralized applications, according to Startale. The network has positioned itself as an entertainment-focused blockchain platform.

The Startale App serves as the primary gateway to the Soneium ecosystem, integrating wallet functionality, asset management and application access. Startale USD provides a settlement layer connecting applications, users and payments across the network.

"Startale has been an important partner to Sony since the early days of Soneium," said Sota Watanabe, CEO of Startale Group. "Our vision is to bring the world on-chain, and Sony's continued support strengthens our ability to deliver the infrastructure required to realize that vision at global scale."

The partnership targets infrastructure for onchain entertainment where intellectual property, creators and communities converge as generative AI reshapes content creation and distribution. Sony brings entertainment industry expertise and technology capabilities, while Startale provides blockchain infrastructure knowledge.

Kazuhito Hadano, CEO of Sony Ventures Corporation, said Startale works across blockchain infrastructure and applications with a global perspective focused on enabling new value flows through onchain technologies.

➢ Stay ahead of the curve. Join Blockhead on Telegram today for all the latest in crypto.
+ Follow Blockhead on Google News
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

BlackRock Increases U.S. Stock Exposure Amid AI Surge

BlackRock Increases U.S. Stock Exposure Amid AI Surge

The post BlackRock Increases U.S. Stock Exposure Amid AI Surge appeared on BitcoinEthereumNews.com. Key Points: BlackRock significantly increased U.S. stock exposure. AI sector driven gains boost S&P 500 to historic highs. Shift may set a precedent for other major asset managers. BlackRock, the largest asset manager, significantly increased U.S. stock and AI sector exposure, adjusting its $185 billion investment portfolios, according to a recent investment outlook report.. This strategic shift signals strong confidence in U.S. market growth, driven by AI and anticipated Federal Reserve moves, influencing significant fund flows into BlackRock’s ETFs. The reallocation increases U.S. stocks by 2% while reducing holdings in international developed markets. BlackRock’s move reflects confidence in the U.S. stock market’s trajectory, driven by robust earnings and the anticipation of Federal Reserve rate cuts. As a result, billions of dollars have flowed into BlackRock’s ETFs following the portfolio adjustment. “Our increased allocation to U.S. stocks, particularly in the AI sector, is a testament to our confidence in the growth potential of these technologies.” — Larry Fink, CEO, BlackRock The financial markets have responded favorably to this adjustment. The S&P 500 Index recently reached a historic high this year, supported by AI-driven investment enthusiasm. BlackRock’s decision aligns with widespread market speculation on the Federal Reserve’s next moves, further amplifying investor interest and confidence. AI Surge Propels S&P 500 to Historic Highs At no other time in history has the S&P 500 seen such dramatic gains driven by a single sector as the recent surge spurred by AI investments in 2023. Experts suggest that the strategic increase in U.S. stock exposure by BlackRock may set a precedent for other major asset managers. Historically, shifts of this magnitude have influenced broader market behaviors as others follow suit. Market analysts point to the favorable economic environment and technological advancements that are propelling the AI sector’s momentum. The continued growth of AI technologies is…
Share
BitcoinEthereumNews2025/09/18 02:49
U.S. Court Dismisses Major XRP Investor Lawsuit

U.S. Court Dismisses Major XRP Investor Lawsuit

The post U.S. Court Dismisses Major XRP Investor Lawsuit appeared on BitcoinEthereumNews.com. Ninth Circuit Dismisses Class Action Against Ripple, Clearing Legal
Share
BitcoinEthereumNews2026/01/30 15:35
Trading Moment: Global Asset Market Turmoil Causes BTC Confidence to Collapse, $81,000 Becomes the Last Line of Defense Against a Plunge

Trading Moment: Global Asset Market Turmoil Causes BTC Confidence to Collapse, $81,000 Becomes the Last Line of Defense Against a Plunge

Daily market data review and trend analysis, produced by PANews. 1. Market Observation Amidst a complex interplay of macroeconomic and geopolitical factors, global
Share
PANews2026/01/30 15:08