Sony Group takes plunge into Web3 with new Ethereum Layer-2 network Soneium
Sony Team takes plunge into Web3 with novel Ethereum Layer-2 network Soneium Sony Team takes plunge into Web3 with novel Ethereum Layer-2 network Soneium
Sony's Soneium objectives to bridge Web3 and every day web companies.
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Sony Block Solutions Labs, a subsidiary of Sony Team, has unveiled plans to assassinate Soneium, an Ethereum Layer-2 network designed to bolt up blockchain technology adoption, in line with an Aug. 23 assertion.
The layer-2 networkâa results of a collaboration with blockchain infrastructure provider Startaleâseeks to bridge blockchain technology (Web3) with every day web companies.
This mission alerts Sony’s ongoing expansion into the digital asset web page. Sony Team hinted at launching a crypto exchange in July after acquiring Amber Japan’s WhaleFin exchange. The tech enormous plans to rename and relaunch the exchange, though the timeline stays unclear.
Soneium
The network would possibly well per chance be designed as a flexible, classic-reason blockchain with competitive facets, blending aspects from entertainment, gaming, finance, and various sectors.
Soneium would leverage the Op Stack and Superchain developed by the Optimism Foundation. A testnet will be launched in the upcoming weeks to provide developers with fingers-on abilities.
Several crypto protocols, along with Chainlink and the Astar network, are already becoming a member of the mission as originate partners. Astar mentioned its zkEVM solution would transition into Soneium, and its native ASTR token will play an main role for the length of the planned layer-2 solution.
Jun Watanabe, Chairman of Sony Block Solutions Labs, highlighted Soneium’s alternative to introduce blockchain technology to a world target market by leveraging Sony’s intensive reach all the intention in which through entertainment, finance, electronics, and gaming. He emphasised that Soneium will in the smash mix with Sony Team companies to appeal to users peculiar with Web3.
Layer-2 networks
Ethereum layer-2 networks are designed to spice up mainnet scalability and bolt and beget viewed sustained success now now not too long in the past.
In some unspecified time in the future of the final year, the layer-2 landscape has turn into crowded with predominant crypto firms, along with Coinbase, launching their networks and scoring massive community adoption.
Consequently, layer-2 networks now take care of most of Ethereum’s enlighten. Essentially essentially essentially based on available data, about 89% of blockchain transactions occur on these platforms.
However, some critics argue that this expansion would possibly well also distress Ethereum at some point. These networks beget already pushed the blockchain network’s charges to some-year lows and would possibly well per chance also perhaps trace the halt of ETH’s “ultrasound money” legend.
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Ethereum is a decentralized, originate-offer blockchain platform that lets in the creation of dapper contracts and decentralized applications (DApps).
Optimism is a layer-2 scaling network for the Ethereum blockchain.
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Sony Team Company, in overall identified merely as Sony, is a Jap multinational conglomerate company headquartered in Minato, Tokyo, Japan.
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