Samsung Next Invests In Startale Labs For Ethereum Layer2 Network Development

According to Odaily, Samsung Next, the investment arm of Samsung Electronics, has officially announced its investment in Startale Labs, the development team behind the Sony Layer2 network, Soneium. This investment aims to bolster the development of the Soneium network, which is designed to enhance the Ethereum Layer2 ecosystem. Previously, it was reported that Sony and Startale Labs have jointly launched the testnet for the Soneium network. This collaboration marks a significant step in advancing Layer2 solutions for Ethereum, aiming to improve scalability and transaction efficiency on the blockchain. The testnet launch is a critical phase in the network's development, allowing for extensive testing and optimization before a full-scale deployment. Samsung Next's investment underscores the growing interest and commitment of major technology companies in blockchain technology and its potential applications. By supporting Startale Labs, Samsung Next is contributing to the innovation and expansion of blockchain infrastructure, which is expected to play a crucial role in the future of digital transactions and decentralized applications.