Sony Group is looking for its Sony Pictures and Sony Music units and a new global incubator to help it with a push into the blockchain and Web3 space.
“Web3” is a term that describes a vision for a decentralized internet that is built on blockchain technology and communally controlled by its users.
Last week, Sony Block Solutions Labs, a joint venture between the Japanese conglomerate’s former Sony Network Communications Labs unit and Startale Labs, a Sony company established for the express purpose of “building new network infrastructure using blockchain technology, said that it has developed the Soneium blockchain as the infrastructure network on which the company wants “to accelerate Web3 innovation.” (THR)