Sony to Use This Altcoin Technology in Its Own Blockchain: Price Rises
Sony Group's joint blockchain initiative with Startale has announced their first blockchain project called "Soneium", an Ethereum Layer-2 solution.
Soneium aims to achieve mainstream adoption by standing out with its scalability and user-friendliness features.
It is stated that after the launch of Soneium, Sony plans to offer Web3 applications in many areas such as entertainment, gaming and finance, taking advantage of its position in the Web2 space.
Soneium will use Optimism's toolset known as OP Stack. Optimism's own cryptocurrency, OP, gained 3.51 percent on a daily basis.
The joint venture is currently preparing for Soneium's testnet launch, but the exact launch date has not yet been announced. Sony Block Solutions Labs announced that they will share technical details about the platform's tools and requirements for developers in the coming weeks. For the testnet launch, Astar Network plans to integrate its zkEVM with Soneium to increase the initial liquidity of the new chain. Sony Block Solutions Labs stated that future use cases for Soneium will include protecting the rights of content creators and developing new mechanisms to ensure fair profit sharing between fans and content creators. Meanwhile, it was reported last month that Sony was preparing to launch a local cryptocurrency trading platform in Japan.
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