So, Sony is essentially acquiring Amber Japan and rebranding it as a new crypto exchange, rather than building one from scratch. This approach allows them to leverage existing infrastructure and expertise, while still putting their own spin on it.
This is a significant development, and Sony's involvement could bring:
- Credibility and trustworthiness to the crypto space
- Deep pockets for investment and expansion
- Potential integration with their existing products and services (e.g., PlayStation, music, and movies)
- A new use case for web3 technologies
This is a small experiment for Sony, but if successful, it could lead to much larger investments and expansions into the web3 space.
Let's indeed keep an eye on how this develops!
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