Sony’s Crypto Ambitions: From Whalefin to S.BLOX
The tech giant’s foray into the world of cryptocurrency and blockchain technology has been making waves in recent months. With its acquisition of Amber Japan, a local cryptocurrency exchange, Sony is poised to make a significant impact on the industry.
A Brief History of Sony’s Crypto Ventures
In August 2023, Sony subsidiary Quetta Web acquired Amber Japan, a move that was largely under the radar. However, with the recent rebranding of Amber Japan to S.BLOX, Sony’s ownership of the exchange is now out in the open. This development has sparked interest in the tech giant’s crypto ambitions, particularly in light of its existing partnerships and investments in the space.
The Whalefin Connection
Whalefin, a crypto offering from S.BLOX, has been upgraded and is set to collaborate with various Sony Group businesses. This move is likely to leverage Sony’s vast intellectual properties across the metaverse. Moreover, new signups to Whalefin will receive ¥3,000 worth of Bitcoin, equivalent to $18.60, as part of a promotion deal with Nuro Mobile, a Sony mobile contract reseller.
Sony’s Blockchain Plans
The company has been actively exploring blockchain technology, with plans to create a Sony blockchain that utilizes its intellectual properties. This initiative is part of a joint venture with Startale Labs, the founder of the Astar Network, a Polkadot parachain. With its ownership of Sony Pictures, Music, and PlayStations, the group has a vast array of brands it can deploy across the metaverse.
Sony Bank’s NFT Entertainment Rewards
Sony Bank is set to launch its Sony Bank Connect app, which will offer NFT entertainment rewards linked to financial products. The bank has already started pre-registering users for the web3 app. Additionally, Sony provides an NFT marketplace, SNFT, where users can grade their NFTs.
A Green Finance Security Token
Sony Bank has also been active in the blockchain space, with plans to issue stablecoins on the Polygon blockchain. In March, it piloted a $1 million issuance of a green finance security token targeted at retail investors using dollars, having previously launched its own real estate token.
The Future of Crypto with Sony
With its diverse range of businesses and intellectual properties, Sony is well-positioned to make a significant impact on the crypto and blockchain industries. As the company continues to explore and invest in these areas, it will be interesting to see how its ambitions unfold.
Sony’s foray into crypto and blockchain technology
Bitcoin Price Prediction for July
Will Bitcoin’s price recover in July? According to popular analyst Ali Chartson X, July is traditionally a strong month for Bitcoin. Historically, when Bitcoin has had a negative June, it tends to bounce back strongly in July. In fact, BTC has shown an average return of 7.98% and a median return of 9.6% during this month.
Bitcoin’s price prediction for July
With the last hours of June behind us, it will be interesting to see how the month of July unfolds for Bitcoin. Will the bulls attempt a comeback, or will the bears continue to dominate the market? Only time will tell.
Bitcoin bulls attempt a comeback
