Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Technology Giant SONY Announces Launch of First Public Test Network for a New Blockchain Based on Optimism!

BitcoinsistemiBitcoinsistemi2024/08/28 12:42
By:Utku Yanık

Sony has announced the launch of a public testnet for the Soneium blockchain, an Ethereum Layer 2 network based on the Optimism Stack (Op Stack).

Sony Block Solutions Labs, Sony’s blockchain division, announced that it has launched the first public testnet for the Soneium blockchain, an Ethereum Layer 2 network based on the Optimism Stack (Op Stack).

Sony to Launch First Public Testnet for Optimism-Based Soneium Blockchain

Alongside the testnet, Sony is also launching a developer incubation program to foster innovation on the platform.

“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 broad global reach and technological expertise in the entertainment, gaming and consumer electronics sectors,” Sony said in a press release.

Related News Bitcoin Exchange Binance Announces It Will Support This Altcoin's Network Upgrade and Hard Fork!

The Soneium blockchain is designed to provide a cost-effective environment for developing consumer-grade applications. Early experimenters on the network will include leading Web3 players such as Circle, Optimism, Alchemy, The Graph, Chainlink, and Astar Network.

Launched as a joint venture between Sony Group Corporation and Startale Labs in 2023, the project has since been transferred to Sony Network Communications Labs for further development.

The ASTR token will become a key asset on the EVM-compatible Minato testnet, which will play a central role in the Soneium ecosystem.

Sony’s entry into the blockchain space underscores its commitment to expanding its presence in the Web3 industry, with Soneium serving as the cornerstone of its strategy to integrate blockchain technology into its entertainment, gaming, and consumer electronics businesses.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

Cryptocurrency Statement from Visa: “The Future Will Be Different”

Visa's cryptocurrency manager, Cuy Sheffield, spoke about the future of the industry in his statement. Here are the details.

Bitcoinsistemi2024/09/20 22:15

Will Altcoin Season Begin? Analytics Company Gives Its Opinion

Is there a possibility of a rally on the altcoin side after the FED makes a big interest rate cut? The analysis company shared.

Bitcoinsistemi2024/09/20 22:15

Michael Saylor’s Bitcoin Claim Dropped Like a Bomb: “According to Credible Rumors…”

MicroStrategy board chairman Michael Saylor touched on a Bitcoin claim in his statement.

Bitcoinsistemi2024/09/20 22:15