Sony Enters Crypto Market, Acquires Amber Japan, Launches S.BLOX
Sony is making waves in the crypto world. The tech giant has acquired crypto exchange Amber Japan, set to relaunch it as S.BLOX, marking its official entry into the crypto business. This move comes after years of Sony exploring the crypto market, including filing a patent for NFT use in gaming in 2022.
Sony's subsidiary Quetta Web had already snapped up Amber Japan in August 2023. The acquired exchange, licensed by the Japanese financial regulator, had faced challenges post the FTX collapse, including layoffs and halted international expansion. Now, Sony plans to redesign Amber's WhaleFin app under the S.BLOX brand. Jun Watanabe, the designated Director of S.BLOX, is eager to explore new business areas through this partnership with Sony.
Sony's interest in blockchain isn't new. It has been working with Startale Labs since last year on its own public blockchain platform. With the acquisition of Amber Japan, Sony aims to integrate S.BLOX into various sectors of its business to create synergies.
Sony's acquisition of Amber Japan and its relaunch as S.BLOX signals the tech giant's official entry into the crypto market. With a Director appointed and plans to integrate S.BLOX into various Sony sectors, the stage is set for Sony to make its mark in the crypto world.
Read also:
- West Virginia Governor's Revived Board Sparks Legal Concerns Amidst US Clean Energy Push
- Trump and Xi speak over the phone, according to China's confirmation.
- Unlawful MMO gold peddler cultivates around half a million dollars in income, triggering a tax dispute, followed by developers unveiling strategies to clamp down on real-world transactions
- Prices of transit tickets in Berlin and Brandenburg are on the rise
