By launching its layer 2 Ethereum testnet, as well as an incubation program encouraging developers and companies to base their projects on its network, Sony hopes to become a major player in the Web3 ecosystem.
Soneium officially launched through a public testnet
A few days ago, Sony announced the upcoming launch of its own layer 2 on Ethereum: Soneium. The Japanese tech giant wasted no time as it launched the public testnet of its network on Wednesday..
Sony Block Solutions Labs, the blockchain division of the group behind Soneium, usedOP Stackan open source modular framework created by the Optimism Foundation, to build its layer 2It will also rely on Optimistic aggregation technology, which consists of grouping multiple transactions and processing them off-chain.
💡 What is a layer 2?
Following the announcement of its testnet, Sony Block Solutions Labs has displayed its ambitions to become a major player in the Web3 ecosystem :
This dual initiative marks a significant milestone in Sony Group Corporation's entry into Web3, poised to catalyze ecosystem growth and accelerate adoption by leveraging its extensive global reach and technology expertise in the entertainment, gaming and consumer electronics sectors.
Dubbed Minato, Soneium's testnet offers ” a fast and cost-effective development environment to provide developers with an Ethereum-compatible platform “. This testnet will be done in collaboration with the zkEVM protocol of the Astar network.
The test network will be accessible to the publicallowing any Internet user to test the different functionalities of the blockchain.
As Sony states, This testnet should allow the creation of communities around the applications designed around its network. Its users will be able to interact and make comments around them and make possible modifications to them.
For Sony Block Solution Labs President Jun Watanabe, The launch of the testnet is an opportunity to initiate the creation of a ” creator-centric fan community that can connect diverse values through Soneium ».
Also, developers will have access to development tools, including a software development kit, and to Soneium datasheetsallowing them to start building applications on layer 2.
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An incubation program to support the most active users
Alongside the launch of Soneium Minato, an incubation program was presented. It will offer up to $100,000. to developers who will be heavily involved in this blockchain project.
Sony is looking for developers or companies having projects focused on Web3 : decentralized finance (DeFi) solutions such as decentralized exchanges (DEX) or lending platforms, non-fungible tokens (NFT), video games, metaverse, etc.
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The group is particularly interested to projects focused on the design of decentralized applications (dApps)inviting them to choose their layer 2 or migrate to it. Participating projects will receive support in several key areas, including marketing and technical support.
Several Sony affiliated companies will participate in this incubation programincluding Sony Music, the Sony Innovation Fund, and Inzone, its division specializing in headsets for gamers.
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Source: Press release
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Surprised by the rise of crypto-assets in the late 2010s, I started to closely follow this sector that fascinates me to the highest degree. When I am not in football stadiums, rugby or handball halls, I work on writing relevant articles about cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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