- Sony’s latest blockchain involvement has spurred much positive sentiment
- Tech giant looking to build a solid developer ecosystem with its latest initiative
Sony BSL, the blockchain division of Sony, has launched the Minato testnet and a developer incubator program. Both these initiatives are aimed at expanding its footprint in the blockchain space. The testnet, built on the Ethereum Layer-2 blockchain Soneium, was launched on 28 August, supported by Astar Network.
The other initiative, known as the Soneium Spark Incubator, will offer developers a platform to experiment with decentralized apps. By doing so, it will provide them with infrastructure, guidance, and funding.
The Soneium Spark Incubator program aims to cultivate an active developer ecosystem around Soneium. It will focus on building scalable and innovative solutions on blockchain technology. Through this program, Sony will offer developers an environment to freely test and develop decentralized applications (dApps).
This will pave the way for further advancements in blockchain technology, potentially shaping its future role in various industries.
A press release from the company claimed that a funding grant of upto $100k will be given to creators and projects under this incubation programme. The initiative will start accepting applications in the “coming weeks.”
According to Sota Watanabe, Director of Sony Blockchain Solutions Labs,
“Through Soneium Spark, we bridge Web3 and Web2, startups and enterprises, and innovative builders and the mass users. By leveraging Sony Group’s assets and Startale’s experience, we will go mainstream together with the community.”
Not the first or only time…
Owing to the same, Sony is just the latest tech company to join a growing list of industry giants exploring blockchain’s potential applications. These include decentralized finance, supply chain management, and digital identity verification.
This isn’t Sony’s first rodeo with emerging technologies though. A few years ago, for instance, another subsidiary of Sony invested in MakersPlace, an NFT market with a niche in digital art. Similarly, earlier this year, there were rumours that Sony is looking into utilizing stablecoins for dealing with business that use its IP.
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