Sony Poised to Roll Out Ethereum Layer-2 Blockchain in Coming Days
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Japanese conglomerate Sony — a trendsetter in electronics, entertainment, and gaming — is developing its blockchain.
Sony Block Solutions Labs, a collaboration between Sony and Singapore-based Startale Labs, announced Friday that it is launching a layer-2 network on Ethereum called “Soneium.”
The launch comes after Sony reported a 10% profit increase in the first quarter this year, with its gaming and music divisions fueling growth.
Soneium plans to introduce Web3 applications in entertainment, gaming, and finance once launched. The project seeks to leverage Sony’s vast global presence in the Web2 space.
Introducing #Soneium by #Sony Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity.
Soneium aims to connect Web3 with everyday internet services, making blockchain technology more… pic.twitter.com/I7zAIbB5Td
Sony aims for the blockchain to operate as a versatile, multi-purpose platform. It will be designed to address needs across various industries while serving users globally.
“Our aim is to empower developers, creators, and communities with a robust, developer-friendly environment backed by scalable technology,” the division said in a statement.
The joint venture is currently focused on launching the blockchain’s testnet. Meanwhile, the mainnet launch date has not yet been announced. Sony Block Solutions Labs said that Soneium will provide technical details about the platform’s tools soon. Subsequently, developer requirements will be released in the coming weeks.
Further, Astar Network plans to integrate its
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