Sony Is Developing a New Ethereum L2 Blockchain Called 'Soneium” to Further Venture Into Web3

Electronics and entertainment titan Sony is developing a new Ethereum (ETH) layer-2 blockchain called “Soneium.” In a recent press release, Sony Group is announcing the development of Soneium as a means of further venturing into the world of web3.

Electronics and entertainment giant Sony is venturing further into the realm of Web3 with the development of a new Ethereum (ETH) Layer-2 blockchain dubbed "Soneium."

In a recent press release, Sony Group announced the creation of Soneium, which is part of a broader effort to integrate Web3 technologies into the company's diverse offerings.

According to Sony, utilizing blockchain technology will enhance user experiences by making them more efficient, secure and decentralized.

“By developing blockchain, which is the basic infrastructure of web3, we will be able to provide comprehensive web3 solutions from the infrastructure to the application layer, rather than just providing partial services.

End users will be able to access Soneium through applications that are compatible with Soneium’s network, and will be able to interact with web3 games and NFT (non-fungible token) marketplaces provided by each app, as well as entertainment-related services.”

Moreover, Sony highlighted that Soneium will prioritize onboarding new users to Web3 and supporting content creators.

“We will work to create use cases that can spark the interest of people who have never used web3 services. Soneium’s web3 technology can support the expansion of creators’ potential and strengthen engagement with fan communities.

Specifically, we will explore protecting the rights of content created by creators, new mechanisms for returning profits to support creators and fans, and opportunities for creators to be active across the digital and real worlds.”

To conclude, Sony announced that a testnet for Soneium will be launched in the near future, although a specific date was not disclosed.

In related news, July saw the announcement of Sony Group's acquisition of Japanese digital asset firm Amber Japan, with plans to revamp and expand its crypto exchange platform.

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