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Entertainment Giant Sony Group Develops New Ethereum (ETH) Layer-2 Solution ‘Soneium’

August 26, 2024
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Electronics and leisure titan Sony is creating a brand new Ethereum (ETH) layer-2 blockchain known as “Soneium.”

In a current press launch, Sony Group is saying the event of Soneium as a method of additional venturing into the world of web3.

In keeping with Sony, making the most of blockchain expertise will give a extra streamlined, safe and decentralized expertise for customers.

“By creating blockchain, which is the fundamental infrastructure of web3, we will present complete web3 options from the infrastructure to the applying layer, reasonably than simply offering partial providers.

Finish customers will be capable of entry Soneium by functions which might be appropriate with Soneium’s community, and can be capable of work together with web3 video games and NFT (non-fungible token) marketplaces offered by every app, in addition to entertainment-related providers.”

Moreover, Sony notes that with Soneium, it is going to concentrate on onboarding new customers to web3 and supporting content material creators.

“We’ll work to create use circumstances that may spark the curiosity of people that have by no means used web3 providers. Soneium’s web3 expertise can help the growth of creators’ potential and strengthen engagement with fan communities.

Particularly, we’ll discover defending the rights of content material created by creators, new mechanisms for returning earnings to help creators and followers, and alternatives for creators to be energetic throughout the digital and actual worlds.”

Sony goes on to say {that a} Soneium testnet will probably be launched quickly, although no particular date was given.

In July, it was introduced that Sony Group bought Japanese digital asset agency Amber Japan, with plans to revamp and develop its crypto change platform.

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Tags: DevelopsEntertainmentETHEthereumGiantgroupLayer2SolutionSoneiumSony
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