Sony Block Solutions Labs, the blockchain branch of Sony, has rolled out a public testnet for its new Ethereum Layer 2 network, Soneium, which is built on the Optimism Stack (Op Stack).
Alongside this, Sony is introducing a developer program to encourage innovation on the platform.
This launch marks Sony’s deeper dive into Web3, where the company plans to leverage its expertise in entertainment, gaming, and electronics to drive blockchain adoption.
Soneium aims to offer a cost-effective solution for consumer-focused applications. Early partners experimenting with the network include Circle, Optimism, Alchemy, The Graph, Chainlink, and Astar Network.
Originally a joint project with Startale Labs in 2023, Soneium is now under the development of Sony Network Communications Labs. The ASTR token will be a key component of the ecosystem on the Minato testnet.
This move highlights Sony’s commitment to integrating blockchain into its core industries, with Soneium playing a pivotal role in that strategy.
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Franklin Templeton, the asset management giant with $1.5 trillion in assets, is set to launch a mutual fund on the Solana blockchain.
Charles Hoskinson, founder of Cardano, will meet with Argentina’s President Javier Milei in October to discuss blockchain’s role in shaping future economies.