Key Takeaways:
- Sony Block Solutions Labs launches the Soneium Minato Testnet, offering a cost-effective platform for Web3 development.
- Chainlink (LINK) supports the Soneium Spark Incubation Program, fostering innovation with up to $100,000 in startup capital.
- Sony partners with Web3 leaders like Chainlink to integrate advanced technology into the Minato Testnet.
YEREVAN (CoinChapter.com) — Sony Block Solutions Labs has launched the Soneium Minato Testnet as part of its move into the Web3 space. This Ethereum Layer 2 solution, built on the Optimism stack, offers a more affordable platform for developing consumer applications. The testnet focuses on helping developers create decentralized applications (dApps) with greater efficiency and speed, while also reducing costs.
Soneium Partners and Sony Subsidiaries Back New Blockchain Initiatives
The Soneium Minato Testnet network has attracted early participation from several key players in the Web3 space, including Circle, Optimism, Alchemy, The Graph, Chainlink (LINK), and Astar Network. These collaborations are intended to integrate top technology and infrastructure into the Soneium blockchain. The ASTR token will be a significant asset on the EVM-compatible Minato Testnet, contributing to the initial liquidity of the network.
Sony subsidiaries, including SonyMusic, Sony Pictures, and the Sony Innovation Fund, are actively participating in the Soneium Spark Incubation Program. This program offers up to $100,000 in starting capital to selected developers and startups. Additionally, participants gain access to Sony’s extensive network of exchanges and venture capitalists.
Sony Subsidiary Acquires WhaleFin as Minato Testnet Goes Live
Sony’s subsidiary, Quetta Web Co., has acquired the cryptocurrency exchange WhaleFin. The company plans to rebrand and relaunch it later this year. This acquisition aligns with Sony’s broader strategy to integrate blockchain technology into its operations and support the expansion of its Web3 initiatives.
Sony’s new Testnet is now live, marking the company’s latest step in blockchain development. The industry will observe how this new initiative progresses.
