Sony Eyes Investment in Web3 Projects Worldwide

According to the latest reports, it’s been revealed that Sony is eyeing new Web3 project investments. Check out the latest reports about all this below.

The popular online publication Blockworks notes the fact that Sony Group’s internet services division is offering a Web3 incubation program in partnership with multi-chain decentralized app (dapp) hub Astar Network.

“The program will be jointly hosted by Singapore-based Startale Labs, a company led by Astar’s CEO Sota Watanabe, and will run from mid-March to mid-June. Startale Labs is a developer of dapps and other infrastructure like wallets.”

In April last year, Sony Network Communications launched a Singapore-based business to explore NFT-related development outsourcing and consulting.

The same publication notes the following fact:

“The three-month incubation program will begin accepting applications on Feb. 17 and close on March 6. Most of the program will be conducted online, with communication about mentoring and Web3 sessions on Slack.”

It’s also worth noting the fact that the demo day will be in person at Sony Group’s headquarters in Tokyo during Japan Blockchain Week in mid-June.

In other recent news, there are various optimistic predictions about the price of Bitcoin these days.

It’s been revealed that a crypto strategist who nailed Bitcoin’s May 2021 collapse says that a steep rally could be on the horizon for BTC.

Pseudonymous analyst Dave the Wave said not too long ago that Bitcoin could be mirroring its early 2019 price action when the king crypto surged from below $4,000 to about $14,000 in a few months.

“A BTC risk to the upside. Number can get big fast…”

It’s also worth noting the fact that looking at the long-term upside potential of Bitcoin, Dave the Wave uses Elliott Wave theory to forecast a new Bitcoin all-time high at $150,000 sometime in early 2025.

“With a maturing BTC market, why not a classic impulse wave up within the LGC [logarithmic growth curve]?”