Sun* and Sony Network Communications establish NFT operating company in Singapore
Sun* Inc. (Representative Director: Taihei Kobayashi / Headquarters location: Chiyoda-ku, Tokyo; hereinafter, “Sun*”) and Sony Network Communications Inc. (President: Jun Watanabe / Headquarters location: Shinagawa-ku, Tokyo; hereinafter “Sony Network Communications”) have established “Sony Network Communications Singapore Pte. Ltd.” (hereinafter, “the new company”) in Singapore, which will engage in the development and/or operation (commission based) business and consulting business related to NFTs (Non-Fungible Tokens).
The NFT market has expanded rapidly in recent years, and is expected to become even more widespread in the future. As unique digital data, NFTs are contributing to the creation and utilization of new businesses in various industries such as games, art, sports, music, and real estate.
The new company will utilize Sony Network Communications’ knowledge and experience in the telecommunications and service solutions businesses, as well as the development and operation resources, expertise and technological capabilities of Sun *, to promote contract development and consulting businesses in the ever-expanding NFT market. The new company will promote its business and aim to contribute to the diverse economic areas created in the world of Web3.0 in the future.
|Company Name||Sony Network Communications Singapore Pte. Ltd.|
|Location||1 Raffles Place, #20-01 One Raffles Place Tower One, Singapore 048616|
|Investment Ratio||Sony Network Communications Inc.：70％ Sun* Inc.：30％|
|Business Scope||Contract development business related to NFT business, consulting business and related business|
＜Sony Network Communications Inc.＞
|Company Name||Sony Network Communications Inc.|
|Location||4-12-3 Higashi-Shinagawa, Shinagawa-ku, Tokyo|
|Establishment||November 1, 1995|
|Representative||President and Representative Director Jun Watanabe|
|Capital||7,969 million yen|
|Business Scope||Internet communication business, IoT business, etc.|
|Company Name||Sun* Inc.|
|Location||1-6-1 Otemachi, Chiyoda-ku, Tokyo Otemachi Building B1|
|Representative||Representative Director Taihei Kobayashi|
|Capital||3,389,410,000 yen (including capital reserve)|
|Business Scope||Digital creative studio business|