After announcing plans to develop a public blockchain almost a year ago, today Sony confirmed it has built the new blockchain, Soneium, which will soon launch a testnet. Last year the Japanese giant invested in and partnered with Startale Labs, the founder of the Astar Network. Sony owns 90% of the Singapore joint venture, Sony Block Solution Labs, which built Soneium.
Sony rightly points out that there are many web3 use cases that haven’t gained traction with the public. Sony owns a treasure trove of content across multiple divisions, including Sony Pictures (formerly Columbia Pictures), Sony Music and Sony PlayStation.
The Japanese firm aims to use its content to develop web3 apps in order to “spark the interest of people who have never used Web3 services.” Apart from its own content, it also wants to empower creators and developers.
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