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.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Sony Launches Soneium Blockchain Testnet and Incubation appeared first on Coin Engineer.