Samsung Next, the investment branch of Samsung, has made headlines by investing in Startale Labs, a leading Web3 company.
This move is drawing attention due to Startale Labs’ recent collaboration with Sony to develop Soneium, a Layer 2 blockchain solution.
On September 3, Samsung Next announced its backing of Startale Labs, which is known for advancing Web3 technology. The company is focused on improving tools like the Astar Network and Soneium, which are designed to facilitate the creation and deployment of decentralized applications (dApps) while addressing issues like high entry costs and technical barriers.
Startale Labs responded positively to the investment, emphasizing their commitment to expanding Web3 access and hinting at upcoming innovations.
Despite the investment news, shares of both Sony and Samsung Electronics experienced declines. Sony’s stock fell by 2.13% to $95.48, and Samsung’s dropped 3% to 70,300 KRW. This downturn is attributed to broader market issues, including regulatory actions against Nvidia by the U.S. Department of Justice and potential interest rate hikes by the Bank of Japan.
The DOJ’s investigation into Nvidia has led to a market decline, with the S&P 500 and Nvidia’s stock both suffering significant losses. Additionally, the anticipated interest rate increase from the Bank of Japan is adding to market volatility.
Hamster Kombat’s new Layer-2 (L2) blockchain, Hamster Network, has surpassed Solana in transactions per second (TPS).
An Ethereum researcher, Malik672, has proposed a new solution to address the centralization issues plaguing Ethereum’s block-building process.
Mike Novogratz, the billionaire CEO of Galaxy Digital, has called on global authorities to take stronger action against Lazarus, the North Korean hacking group behind the massive $1.4 billion Ethereum theft from Bybit.
MANTRA has launched RWAccelerator, a new initiative designed to support Web3 founders by offering them resources such as funding, mentorship, and AI tools.