Sony Block Solutions Labs is stepping up support for web3 development through a new incubator initiative. The program, called “Soneium For All,” is focused on helping developers build and scale web3 gaming and consumer apps on the Ethereum Layer 2 network, Soneium.

Good to know

• Applications for the Soneium For All incubator opened June 9.
• Projects go live starting August 2025 on the Soneium network.
• Program includes a $60,000 grant pool and access to Sony’s blockchain ecosystem.

Sony’s blockchain team has launched a new initiative to back web3 creators working on gaming and consumer-focused applications. The program, Soneium For All, will onboard selected developers into the growing Soneium network—an Ethereum Layer 2 platform already supporting over 7 million users and more than 1.5 million transactions daily.

The incubator aims to help early-stage projects solve common issues like scaling, user acquisition, and visibility. Developers will gain direct access to an ecosystem that includes well-known entertainment brands such as Solo Leveling, Seven Deadly Sins, Ghost in the Shell, and Sony’s robotic pet aibo.

Soneium For All is a joint effort between Sony Block Solutions Labs, Astar Network, and Startale Cloud Services. Together, they are offering infrastructure support and a combined grant pool of $60,000. Projects using the ASTR token for payments or utility will qualify for funding. The goal is to reduce technical friction and speed up project deployment.

Mentorship will be another key feature. Selected teams will receive guidance from the Sony Innovation Fund, which could lead to additional funding opportunities and integration with other parts of Sony’s business. Meanwhile, developers will benefit from promotional support through Soneium’s media channels—ranging from livestreams to blog coverage and community events.

Ryohei Suzuki, Director at Sony Block Solutions Labs, said the incubator reflects Sony’s larger effort to help creators access blockchain technology with fewer barriers. He highlighted the importance of smooth onboarding and rapid user engagement as central to the program’s goals.

Astar Foundation Head Maarten Henskens noted that more than 40 projects already use ASTR within Soneium. He said the new incubator will further expand that adoption, particularly in the consumer and gaming segments, while continuing to grow the utility of ASTR across the network.

Toronto, Ontario–(Newsfile Corp. – June 10, 2025) – Prophecy DeFi Inc. PDFI (“Prophecy DeFi” or the “Company“) announces that further to its press release dated May 22, 2025, it has amended the forced conversion price from $0.02 to $0.01, as further described below, with respect to the previously issued aggregate $5,680,000 principal amount convertible debentures (the “Debentures“) of the Company issued on December 23, 2021, as amended on December 13, 2024. Please refer to the Company’s press release of December 12, 2024 for a complete description of the Debentures and previous amendments and please refer to the Company’s press release of May 22, 2025 with respect to the recent proposed original amendments. Due to recent conversions, as of today’s date there remains $5,360,000 principal amount outstanding of the Debentures.

The Company will seek written approval from more than 662/3% of the beneficial holders of Debentures by way of written resolution to effect the proposed amendments, as described below (collectively, the “Amendments“). Further, pursuant to Canadian Securities Exchange (“CSE“) policies, the Amendments require approval from the shareholders of the Company. The Company will hold its annual and special meeting to approve, among other things, the Amendments and the Company will provide further details on the date of the meeting in due course.

The Amendments offer the opportunity to restructure the Company’s balance sheet, positioning it to attract new investment capital and pursue business development initiatives.

Key features of the Amendments

Requisition in Writing

If the Amendments receive the requisite approval by Debenture holders and the shareholders of the Company at the next annual and special meeting which will be held in due course, the Company and the trustee will enter into a supplemental debenture indenture reflecting the revised terms as noted above.

The Amendments have been conditionally approved by the Canadian Securities Exchange and a further announcement related to the effective date of the Amendments will be provided in due course assuming all consents, shareholder approvals and instruments in writing are obtained.

About Prophecy DeFi

Prophecy DeFi Inc. (PDFI) is a publicly traded investment company whose primary objective is to invest its funds for the purpose of generating returns from capital appreciation and income. It plans to accomplish these goals by bringing together technology start-ups in the Blockchain and Decentralized Finance sectors to fund innovation, elevate industry research, and create new business opportunities in a coherent ecosystem.

www.prophecydefi.com

For further information, please contact:

John McMahon, CEO

Tel: (416) 764-0314

Email: jmcmahon@prophecydefi.com

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the approval of the Amendments by the Debenture holders and the Debenture holders providing the requisite number of instruments in writing to the trustee, which is required by the Company to proceed with the Amendments. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Neither the CSE nor its Regulation Services Provider (as such term is defined in the policies of the CSE) accept responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254943