Samsung Invests in 'Web3 Backbone'

Samsung Next announced investment in Startale Labs to accelerate the development of web3 infrastructure and drive the future of decentralized technology.

The Deets

• Investment Partnership: Samsung Next's investment supports Startale Labs in its mission to build the backbone of Web3.
• Focus Areas: Startale Labs develops tools for decentralized applications (dApps) and smart contracts, enhancing Web3 accessibility and scalability.
• Key Projects: Initiatives like the Astar Network and Soneium are central to Startale Labs' strategy for expanding Web3 technologies.
• Joint Venture with Sony: Startale Labs collaborates with Sony Group to develop the Soneium blockchain network, aiming to support next-generation decentralized applications.

The Bulk

Samsung Next's recent investment in Startale Labs underscores the company's confidence in Startale's ability to make an impact in web3. Startale Labs focuses on building essential tools that simplify the deployment of decentralized applications (dApps) and smart contracts, making web3 more accessible to developers and businesses.

Startale Labs' projects, such as the Astar Network, are designed to enhance interoperability across various blockchain networks, promoting a seamless digital ecosystem. A key Astar Network initiative is the Soneium blockchain network, developed in partnership with Sony Group, which aims to support innovative dApps with robust, scalable infrastructure. 

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🔜 What's Next?

With Samsung Next's backing, Startale Labs is poised to advance its key projects, such as enhancing the Astar Network and expanding the capabilities of the Soneium blockchain. 

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