By Mark Hunter
17 hours agoSat Aug 24 2024 10:00:37
Reading Time: 2 minutes
Sony has unveiled Sony Block Solutions Labs (Sony SBL) to advance its blockchain and web3 initiatives
Sony SBL will launch and manage the development of an Ethereum Layer 2 network called “Soneium”
Soneium has been developed in collaboration with Startale Labs, utilizing the Optimism OP Stack
Sony has unveiled a new division dedicated to advancing its blockchain and w eb3 initiatives. Announced on August 23, the new entity, Sony Block Solutions Labs (Sony SBL), will spearhead the development of a public Ethereum Layer 2 network called “Soneium”, marking a significant step into the blockchain space for the tech giant. The network is being developed in collaboration with Startale Labs, the team behind the Astar Network, and will utilize the Optimism OP Stack.
Soneium Creating Comprehensive Ecosystem
Sony SBL states that Soneium aims to bridge the gap between decentralized technology and mainstream consumer applications, particularly in the realms of entertainment, gaming, and finance. By integrating with key blockchain projects like Astar Network, Circle, Chainlink, Alchemy, and The Graph, Soneium seeks to create a comprehensive ecosystem that enhances both digital and real-world experiences.
Sota Watanabe, the director of Sony SBL and founder of Astar Network, highlighted Sony’s potential to introduce web3 technologies to new audiences, leveraging its extensive distribution channels across multiple industries. In a statement, Watanabe said, “Through Soneium, we will create something that appeals to a mainstream audience, going beyond the current web3 landscape.”
Astar Involvement Key
Soneium will closely integrate with Astar’s zkEVM network, utilizing the ASTR token as a central asset within its ecosystem, an announcement that resulted in a quick 6% move for the token. This integration is expected to strengthen Soneium’s infrastructure and broaden its utility within the web3 space.
The launch of Sony’s blockchain division and the development of Soneium signify a broader trend of major corporations entering the blockchain and web3 arena, aiming to harness these technologies for widespread consumer applications. Last month, the company announced plans to launch its own crypto exchange , which is almost certain to implement Soneium in some way.
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