Sony Enters Crypto Market, Acquires Amber Japan, Launches S.BLOX
Sony has officially entered the crypto news market by acquiring Amber Japan, a crypto exchange, and restarting it under the new name S.BLOX. This marks the electronics giant's first foray into the digital currency realm.
The acquisition comes after Sony's collaboration with Amber Group, a leading digital asset platform. Together, they aim to explore new business fields and create synergies by integrating S.BLOX into various Sony sectors.
Sony has been quietly making moves in the crypto nypost. The company filed a patent for using non-fungible tokens (NFTs) in gaming and has been working on a public blockchain platform. However, it has not yet revealed specific plans for the international expansion of the S.BLOX crypto news exchange service.
The relaunched S.BLOX will be a rebranded version of the WhaleFin app, previously operated by Amber. Despite facing challenges last year, including layoffs following the FTX collapse, Amber holds a license from the Japanese financial regulator.
Sony's acquisition of Amber Japan and the subsequent launch of S.BLOX signals the company's commitment to exploring the crypto news market. While specific international expansion plans remain unclear, Sony's integration of S.BLOX into its various sectors suggests a strategic approach to this new business field.
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