Earn up to $100,000 to participate in the Ethereum Layer-2 “Minato” testnet launched by Sony’s blockchain subsidiary Soneium

Sony Group’s blockchain arm has launched the "Minato" testnet for its Ethereum Layer-2 blockchain, Soneium.

This move is part of a broader initiative to onboard developers through a dedicated incubation program.

This development follows a recent joint venture between Sony and Web3 infrastructure provider Startale, leading to the creation of Sony Block Solutions Labs.

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Astar Network will serve as support for Minato testnet

Minato aims to provide a development environment that closely mirrors mainnet conditions, thereby supporting high-volume applications.

This initiative is intended to drive wider adoption of blockchain technology.

Astar Network, known for its multi-chain capabilities, will support the Minato testnet by offering initial liquidity and a range of digital assets, both fungible and non-fungible.

Despite the potential appeal of a blockchain network associated with a global brand like Sony, the actual traction it will achieve remains uncertain.

sony launches Soneium Spark plan

Sony, a company with a significant global footprint, has over 900 million devices in use worldwide.

This network is bolstered by a variety of entertainment services, including the PlayStation Network, which serves as its premier digital media platform.

Following the testnet launch, Sony will roll out the Soneium Spark program, targeting developers.

This program offers access to essential infrastructure, mentorship, and industry partnerships, all designed to stimulate interest and foster growth within the network.

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Preregistration for Spark is currently open, with formal applications expected soon. Sota Watanabe, founder of Astar Network and CEO of Startale, noted that over 50 projects are already building or planning to deploy on Soneium. The program is designed to create a robust community of developers and builders.

Participating in the Spark program will receive an investment of $100,000

Spark aims to facilitate intellectual property collaborations and strategic partnerships with industry players. This could involve co-developing blockchain technologies or creating decentralised applications.

The program will also offer expertise from industry leaders, including Circle, Optimism, Alchemy, The Graph, and Chainlink, to help developers navigate the complexities of blockchain development.

Developers participating in the program may receive up to $100,000 in investment, with additional funding available through the program's partner network.