Built on an Op Stack meant to offer a “cost-effective development environment” for creating consumer-grade applications, the Soneium blockchain is an Ethereum Layer 2. Early network pioneers will be Circle, Optimism, Alchemy, The Graph, Chainlink, and the Astar Network.

Launched in 2023 and lately given to Sony Network Communications Labs, the project is a collaborative effort between Sony Group Corporation and Startale Labs. Furthermore, scheduled for integration on the EVM-compatible Minato testnet is the ASTR token as “a key asset.”.

Furthermore, Astar Network will combine its zkEVM assets and underlying infrastructure with Soneium to increase the initial liquidity of the new chain, Sony stated last week, therefore hinting at the testnet debut.

Among Sony companies, including SonyMusic and Sony Pictures, the Sony Innovation Fund, among others, will be involved in the Soneium Spark incubation program. Starting capital for applicants will be up to $100,000; they will also have access to a network of exchanges and venture capitalists. Previously acquired by Sony subsidiary Quetta Web Co., cryptocurrencies exchange WhaleFin will be rebranded and launched this year.

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Leveraging Sony’s worldwide Web2 footprint, Soneium is meant to provide Web3 apps in entertainment, gaming, and banking. Key components for the success of the platform, according to Sota Watanabe, Director of Sony Block Solution Labs and Founder of Astar Network, are Sony’s strong distribution channels and everyday user interaction.

Soneium‘s launch date is still unknown, but the company is aggressively getting ready for a testnet release. In the next weeks the platform will publish technical information and developer tools. The zkEVM of Astar Network will interface with Soneium to improve the initial liquidity of the blockchain during the testnet stage.

Future applications of Soneium will involve safeguarding creator-generated material rights and setting equitable profit-sharing policies between artists and supporters.

Further extending Sony’s blockchain and crypto activities is apparently its preparation to open a local bitcoin trading platform in Japan.

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