Odaily News Sony Network Communications, a wholly-owned subsidiary of Sony, and Startale Labs, the development company of Astar Network, jointly announced that they will establish a joint venture subsidiary Sony Network Communications Labs Pte. Ltd. in mid-September. The new company will focus on blockchain. Technology research and development. Startale Labs CEO Sota Watanabe said in this regard that the new joint venture subsidiary will promote the development of Sony Chain, which has the potential to surpass the Layer 2 network Base previously released by Coinbase.