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Sony launches Soneium incubation program for creators

By Rony Roy

Sony Group has launched a global blockchain incubation program to support startups and creators building new entertainment services on its Soneium network. According to an October 29 announcement, the initiative, called the Sony Onchain Entertainment Incubation Program, will provide selected…

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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Startup

A young company built to grow quickly, often around a new product or technology, usually funded by investors.

Startups create new jobs and industries, but most fail, which is why funding rounds are closely watched.

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