Sony Block Options Labs, a subsidiary of Sony Group, unveiled plans to develop Soneium, an Ethereum Layer-2 community designed to speed up the adoption of blockchain know-how, in keeping with a press release on August 23.
The Layer 2 community – the results of a collaboration with blockchain infrastructure supplier Startale – seeks to attach blockchain know-how (Web3) with on a regular basis Web companies.
This mission alerts Sony's continued enlargement into the digital asset house. Sony Group hinted at launching a crypto trade in July after acquiring Amber Japan's WhaleFin trade. The tech large plans to rebrand and relaunch the trade, although the timeline stays unclear.
Soneium
The community could be designed as a flexible, common blockchain with competing options, combining components from leisure, gaming, finance and different sectors.
Soneium would leverage the Op Stack and Superchain developed by the Optimism Basis. A testnet might be launched within the coming weeks to offer builders hands-on expertise.
A number of crypto protocols, together with Chainlink and the Astar community, are already becoming a member of the mission as launch companions. Astar mentioned its zkEVM answer will transition to Soneium and its native ASTR token will play a crucial function within the deliberate Layer 2 answer.
Jun Watanabe, chairman of Sony Block Options Labs, highlighted Soneium's alternative to introduce blockchain know-how to a worldwide viewers by leveraging Sony's broad attain in leisure, finance, electronics and gaming. He emphasised that Soneium will finally combine with Sony Group companies to draw customers unfamiliar with Web3.
Layer 2 networks
Ethereum Layer 2 networks are designed to enhance the scalability and velocity of the mainnet and have seen constant success lately.
Over the previous 12 months, the Layer 2 panorama has been stuffed with main crypto corporations, together with Coinbase, launching their networks and seeing large neighborhood adoption.
In consequence, Layer 2 networks now deal with most Ethereum exercise. Based on out there knowledge, about 89% of blockchain transactions happen on these platforms.
Nonetheless, some critics argue that this enlargement may harm Ethereum in the long term. These networks have already pushed blockchain community charges to a three-year low and will additionally doubtlessly sign the tip of ETH's “ultrasonic cash” story.
