BTC

$98962.15

0.99%

ETH

$3464.758

-0.13%

XRP

$2.312

-0.15%

BNB

$699.932

0.89%

News

Sony Group unveils Soneium Layer-2 blockchain with Startale Labs

August 23, 2024 - Around 2 mins mins to read

Key Points:

  • Sony Block Solutions Labs unveiled the development of Soneium, an Ethereum Layer-2 blockchain focused on mainstream adoption.
  • The joint venture is currently preparing for a testnet launch.
Sony and Startale are creating the Soneium Layer-2 blockchain for Web3 apps in entertainment, gaming, and finance, focusing on scalability and mainstream use.
Sony Group unveils Soneium Layer-2 blockchain with Startale Labs

Sony and Startale Develop Soneium Layer-2 Blockchain

Sony Group, in partnership with Startale Labs, has announced the creation of Soneium, its first Layer-2 Ethereum blockchain. Soneium is designed to prioritize scalability and user-friendliness, focusing on mass adoption.

At launch, it aims to power Web3 applications across various sectors, including entertainment, gaming, and finance. According to Sony Block Solutions Labs, Soneium is poised to bridge the gap between traditional industries and decentralized systems by leveraging Sony’s global Web2 reach.

Read more: Plume Network Review: Layer-2 designed specifically for RWA

Testnet Launch and Future Applications of Soneium Layer-2

The joint venture is preparing for the launch of Soneium’s testnet, with details on developer tools and requirements to be announced soon. Astar Network will support Soneium’s testnet by integrating its zkEVM and providing initial liquidity and underlying infrastructure.

Future use cases for Soneium Layer-2 include rights protection for creator-generated content and innovative revenue-sharing models between creators and fans. Meanwhile, Sony also plans to launch a local cryptocurrency exchange in Japan, signalling its deeper involvement in blockchain and cryptocurrency initiatives.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

astar network

Layer-2

Sony Group

Startale Labs

Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.