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Utilizing technologies from Optimism's OP Stack, the new project "Soneium" will be a layer-2 network on top of the Ethereum blockchain.

The massive Japanese electronics company Sony, well known for creating the Walkman and Betamax in the 1970s, is now launching its own blockchain.
On Friday, Sony Block Solutions Labs, a collaborative effort between the Sony Group and Startale Labs in Singapore, announced that Soneium, a new layer-2 network running on top of the Ethereum blockchain, will be released.

The report suggests that traditional businesses would be more interested in developing blockchain-powered consumer goods.

Soneium will employ optimistic rollup technology, which enables users to transact on networks built on top of Ethereum for less money. Soneium is anticipated to become live on a test network in the next days. It will be constructed utilizing the OP Stack, a modifiable toolbox provided by the Optimism blockchain ecosystem, which enables developers to design their own networks utilizing Optimism's technology and connects them to other networks within the ecosystem through the "Superchain."
Other well-known networks that have adopted OP Stack include the decentralized identification project Worldcoin's "World Chain" and the American cryptocurrency exchange Coinbase's "Base."

CEO Sota Watanabe, who co-founded the Astar Network and serves as a director at Sony Block Solutions Labs, is in charge of Startale Labs. Startale broke away from the Astar Foundation and contributed to the upkeep of the Astar zkEVM, which uses Polygon's Chain Development Kit (CDK), a zero-knowledge technology rivaling the OP Stack.
According to Watanabe, who spoke with CoinDesk, Startale will now solely concentrate its efforts and resources on Soneium and will no longer be concentrating on Astar zkEVM.
Sony Block Solutions Labs stated in a press statement that was shared with CoinDesk that "Astar zkEVM will be integrating its assets and underlying infrastructure with Soneium."

"The first year is all about onboarding Web3 people because it's a little bit early to onboard general users, both community- and technology-wise," Watanabe told CoinDesk. Phase two will involve the onboarding of Sony goods, including Sony Pictures, Sony Music, Sony Bank, and so on, within a two-year timeframe. Thus, we hope to include Web3 and blockchain technologies into a product made by Sony. Furthermore, we hope to onboard all businesses and general dapps on top of it in three years in addition to Sony.

However, this is a broad schedule. Watanabe continued, "We're going to strive to enroll as many firms as we can from the first year.

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Sony📺, a global technology giant, has recently taken significant steps into the world of cryptocurrency, signaling its commitment to blockchain technology and digital assets. Here’s a breakdown of their recent activities:
1. Entering the Crypto Exchange Market📈
Sony Group has acquired Amber Japan, a well-known entity in the crypto space, to officially enter the crypto exchange market in Japan. This acquisition marks Sony’s first significant foray into crypto trading, aiming to establish a strong presence in the growing digital currency.
2. Launching Sony Chain⛓️
In addition to venturing into crypto exchanges, Sony Network Communications has partnered with Startale Labs to create a new blockchain called Sony Chain. This blockchain aims to be a key infrastructure component for Web3, the next generation of internet services. The collaboration has led to the formation of Sony Network Communications Labs, which will focus on developing and enhancing blockchain technology.
3. Investing in Blockchain Development👨‍💻
Earlier this year, Sony invested $3.5 million in Startale Labs, reinforcing its commitment to blockchain technology. Startale Labs is known for developing the Astar Network, a smart contract platform that integrates various blockchain networks. This investment and collaboration highlight Sony's intention to be a significant player in the blockchain ecosystem.
4. Future Prospects🔮
Sony's moves into the crypto market are not limited to exchanges and blockchain development. Sony Interactive Entertainment, the division behind PlayStation, has also shown interest in non-fungible tokens (NFTs). They filed a patent allowing the transfer of NFTs between different games and consoles, indicating potential future integration of NFTs in gaming.
What Does This Mean for the Future?👊
Sony’s entry into the crypto market and its development of blockchain technology could have several implications:
- Enhanced Digital Experiences💿: By leveraging blockchain, Sony could offer more secure and innovative digital experiences in gaming and other services.
- Broader Adoption of Web3🛜: Sony’s involvement could accelerate the adoption of Web3 technologies, making decentralized services more mainstream.
- Market Growth🏪: As a major tech player, Sony’s entry into the crypto space could boost market confidence and stimulate further growth and investment in digital assets.
Sony’s strategic moves signify a major shift toward embracing blockchain and cryptocurrencies, setting the stage for exciting developments in the tech and digital asset sectors.
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