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BlockNews
Home CRYPTO

Everything You Need to Know About Sony’s New Layer 2 Blockchain ‘Soneium’

Michael Juanico by Michael Juanico
August 23, 2024
in CRYPTO, GAMING, NFT
Reading Time: 3 mins read
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  • Sony Group and Startale Labs announce Soneium, a next-gen Ethereum layer-2 blockchain that uses Web3 technology to revolutionize app development across multiple sectors.
  • Soneium aims to attract app developers from various sectors including entertainment, gaming, finance, and more, with built-in tools to help developers navigate global regulations.
  • Web3 companies including Optimism, Circle, Alchemy, The Graph, and Chainlink have joined as technology partners for Soneium’s testnet launch to improve its capabilities across various blockchain functionalities.

Sony Group and Startale Labs have announced the launch of Soneium, a new layer-2 blockchain built on Ethereum. The goal is to attract app developers from various sectors including entertainment, gaming, finance and more.

ICYMI: Sony has announced the development of its new layer-2 blockchain @soneium

Crypto gaming is expected to be a pivotal part of this venture pic.twitter.com/4xVSEIWjuZ

— BlockNews.com (@blocknewsdotcom) August 23, 2024

About Soneium

Soneium is being introduced through a partnership with Astar Network. The testnet will offer built-in tools to help developers navigate regulations and create compliant applications.

Sony has been exploring Web3 technologies and sees potential in blockchain to bolster adoption. Soneium aims to reach many users by providing value through Web3 says Jun Watanabe, Chairman of Sony Block Solutions Labs.

Partnerships to Improve Capabilities

Soneium has partnered with leading Web3 companies including Optimism, Circle, Alchemy, The Graph, and Chainlink. These collaborations will improve capabilities across blockchain functionalities.

Sota Watanabe, Director of Sony Block Solutions Labs, says Sony has strong distribution and users. Through Soneium, they will make something people want beyond just Web3.

Exploring Future Applications

The initiative will explore applications for existing Web3 services compatible with Soneium. It will also consider new services linked to Sony’s businesses.

Sony filed a patent in March 2022 to adopt NFTs for transferring digital assets between game platforms. This shows their interest in providing gamers with more opportunities.

Conclusion

Sony’s Soneium blockchain aims to attract developers across sectors like entertainment and finance. Built on Ethereum with support from leading Web3 partners, it has potential for mainstream adoption. Sony is actively exploring blockchain, showing its commitment to innovation with Web3 technology.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: ethereumLayer 2SoneiumSony GroupStartale Labs
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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