September 05, 2024
Samsung Next, the investment arm of Samsung, has gained attention by investing in Startale Labs, a prominent Web3 company. This investment is notable due to Startale Labs’ recent partnership with Sony to develop Soneium, a Layer 2 blockchain solution.
Project | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|
Startale | September 3, 2024 | Samsung Next | Web3 |
On September 3, Samsung Next announced its support for Startale Labs, which is recognized for its advancements in Web3 technology. The company focuses on enhancing tools like the Astar Network and Soneium to facilitate the creation and deployment of decentralized applications (dApps) while addressing high entry costs and technical challenges.
Startale Labs welcomed the investment, highlighting their dedication to expanding Web3 access and hinting at future innovations.
Despite the positive investment news, shares of both Sony and Samsung Electronics declined. Sony’s stock dropped by 2.13% to $95.48, and Samsung’s fell by 3% to 70,300 KRW. This decline is linked 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 contributed to a market downturn, with the S&P 500 and Nvidia’s stock both experiencing significant losses. Additionally, the expected interest rate increase from the Bank of Japan is adding to market volatility.
About Startale
It seems like the link you provided is for Star Stable, an online game where players can ride and take care of horses while exploring the island of Jorvik. The game offers various adventures, quests, and updates every week. Players can try the game for free, but full access requires a subscription.
Website: https://startale.com/en
X Followers today: 9,615
X Followers 30 days ago: 7,193
X Change: 2,422 (+33.67%)
About Investor
Investor: Samsung Next
Samsung Next is the investment arm of Samsung, focusing on innovative technology startups. They invest in areas like artificial intelligence, healthtech, consumer services, and frontier technology. Their goal is to support founders who are developing groundbreaking technologies and to help these startups grow and scale their businesses.
Location: Mountain View, CA
Website: https://www.samsungnext.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments