Sony Group takes plunge into Web3 with new Ethereum Layer-2 network Soneium

Sony Block Options Labs, a subsidiary of Sony Group, has unveiled plans to develop Soneium, an Ethereum Layer-2 community designed to speed up the adoption of blockchain know-how, in response to an August 23 report statement.

The layer 2 community, a results of a collaboration with blockchain infrastructure supplier Startale, makes an attempt to bridge the hole between blockchain know-how (Web3) and on a regular basis web companies.

This undertaking marks Sony’s continued growth into the digital property house. Sony Group hinted {that a} crypto change can be launched in July after acquisition Amber, the Japanese WhaleFin change. The tech big plans to rename and relaunch the change, though the timeline stays unclear.

Sonium

The community can be designed as a flexible, general-purpose blockchain with aggressive options, combining parts from leisure, gaming, finance and different sectors.

Soneium would use the Op Stack and Superchain, developed by the Optimism Basis. A testnet might be launched within the coming weeks to offer builders with hands-on expertise.

A number of crypto protocols, together with Chainlink and the Astar Community, are already becoming a member of the undertaking as launch companions. Astar mentioned its zkEVM answer would transition to Soneium, and its native ASTR token will play an important position inside the deliberate layer 2 answer.

Jun Watanabe, Chairman of Sony Block Options Labs, highlighted Soneium’s capacity to introduce blockchain know-how to a worldwide viewers by leveraging Sony’s intensive 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 pace of the mainnet and have seen continued success not too long ago.

Over the previous 12 months, the layer 2 panorama has turn out to be crowded with main crypto firms, together with Coinbase, launching their networks and scoring large neighborhood adoption.

Consequently, layer 2 networks now deal with nearly all of Ethereum’s exercise. Based on out there factsroughly 89% of blockchain transactions happen on these platforms.

Nevertheless, some critics argue that this growth may harm Ethereum in the long term. These networks have already pushed blockchain community charges to a three-year low and will additionally probably spell the top of ETH’s “ultrasound cash” story.

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