Today marks a significant milestone in major corporations adopting blockchain technology, and it’s powered by Pyth Network. Pyth, in collaboration with Sony Group and Startale, has deployed its real-time price oracle to Soneium, a new blockchain developed by Sony Block Solutions Labs. This collaboration is set to advance blockchain experiences for developers, applications, and users, with Pyth Network playing a crucial role in supporting Sony’s Web3 infrastructure.

The first phase of this partnership oversees the deployment of Pyth Price Feeds on the Soneium testnet to deliver reliable, high-fidelity data for participants of the Soneium Spark incubation program. This launch plays a key role in transforming blockchain infrastructure for mainstream Web3 applications and helping developers bridge the gap between traditional and on-chain media and entertainment experiences.

Soneium by Sony Block Solutions Labs: A New Frontier in DeFi and Beyond

Sony Group, a global leader in technology and innovation, has entered the blockchain space with a bold vision to create the backbone of global Web3 infrastructure. Through its subsidiary, Sony Block Solutions Labs, Sony Group has partnered with Startale Labs—a Web3 development company specializing in blockchain infrastructure—to develop Soneium, a high-performance blockchain designed to create an open internet that transcends cultural differences and brings together people with diverse values.

This collaboration, announced in September 2023, underscores Sony Group’s commitment to embracing blockchain technology and its transformative potential across various industries.

Sota Watanabe, the head of Sony Blockchain Solution Labs and CEO of Startale, shared his enthusiasm about Pyth Network’s role as a key infrastructure solution within the Soneium ecosystem: "Soneium Spark is at the forefront of bridging Web3 and Web2, startups and enterprises, and innovative builders and the mass market. By welcoming Pyth as an infrastructure partner, we're not just expanding the possibilities for builders but also reinforcing our mission to go mainstream with blockchain technology. With the combined strengths of Sony Group’s resources and Startale’s expertise, we’re eager to break new ground with Pyth Network.”

Pyth Network: Enhancing Soneium with Real-Time Data Feeds

Pyth Price Feeds, an oracle solution for high-fidelity, low-latency price data across multiple asset classes, is now live on Soneium’s testnet environment. This integration into Soneium will provide developers with the reliable, real-time data they need to build robust and efficient decentralized applications. This collaboration underscores Pyth’s role as a key infrastructure provider, supporting Sony Group’s broader Web3 strategy.

Soneium is designed to be a powerful platform, offering low-latency transactions, high throughput, and a developer-friendly environment. With Pyth Price Feeds, Soneium’s developers can access over 500 real-time price feeds, ensuring their applications are powered by the most accurate and up-to-date market data available.

Michael Cahill, CEO and Co-Founder of Douro Labs, commented on the partnership, saying, “Sony Group and Startale are bringing business on-chain through Soneium, and it's powered by Pyth. We look forward to enabling developers to create transformative experiences within the Soneium Spark incubation program by offering enterprise-grade infrastructure solutions. Our shared mission with Sony Group will foster a new era of decentralized innovation, particularly in gaming and DeFi, as well as other creative sectors.”

Join the Soneium Spark Incubation Program: Building the Future of Finance

As part of this development, Sony Group and Startale Labs have launched the Soneium Spark incubation program, designed to support early-stage projects across a variety of sectors, including DeFi, Web3 Experience, and an Open Category for all creators. Pyth Network is honored to be both a day-one infrastructure partner and an incubation partner, helping to drive developer activity on Soneium’s testnet. Winners are expected to debut their projects on Soneium’s mainnet. This initiative offers a unique opportunity for developers to be at the forefront of Web3 innovation, backed by Sony Group’s massive network and Startale’s extensive blockchain expertise.

We encourage developers to explore Soneium’s testnet and join the Soneium Spark. Take advantage of the resources below to get started and be part of this exciting new era in blockchain technology.

• Explore Soneium
• Learn More About Pyth Network

Together, Pyth Network, Sony Group, and Startale are poised to redefine what’s possible in Web3. We look forward to seeing the groundbreaking projects that will emerge on Soneium, powered by Pyth.

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