According to Foresight News, Sota Watanabe, the founder of Astar Network, a Polkadot ecosystem smart contract platform, has announced that Sony Network Communications and Startale Labs, a Web3 infrastructure under Astar Network, are expected to reveal their brand restructuring plan within the next one to two weeks.
In previous news from Foresight News, Startale Labs completed a follow-up financing of $3.5 million in its Series A round in February. The investors included UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures, bringing the post-investment valuation to $63.5 million.