Sony, the Japanese tech giant, has launched a new Web3 division focused on developing a cutting-edge Ethereum Layer 2 network. Launched on August 23, Sony Block Solutions Labs (Sony SBL) will spearhead Sony’s blockchain and Web3 projects. In collaboration with Startale Labs, the creators of Astar Network, Sony is developing a public Ethereum Layer 2 network named Soneium.
Soneium will be powered by Optimism’s OP Stack and will support Ethereum Virtual Machine (EVM) smart contracts. The network is gearing up for its testnet launch and plans to release technical documentation and software development kits in the near future.
Sony SBL emphasized that the new blockchain brings together top Web3 projects and industry leaders, such as Astar Network, Circle, Chainlink, Alchemy, and The Graph, to merge decentralized technology with mainstream applications in entertainment, gaming, and finance.
Introducing #Soneium by #Sony Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity.
Soneium aims to connect Web3 with everyday internet services, making blockchain technology more… pic.twitter.com/I7zAIbB5Td
— Soneium 💿 (@soneium) August 23, 2024
The division is also exploring innovative ways to enhance profit-sharing between creators and fans, protect content, and ensure seamless integration between digital and real-world environments.
Sony’s extensive distribution channels and presence in multiple industries offer a unique opportunity to introduce Web3 technologies to a broader audience. According to Sota Watanabe, director of Sony SBL and founder of Astar Network, Soneium is poised to create something that resonates with people and has the potential to go mainstream, transcending the boundaries of Web3.
Soneium will also closely integrate with the Astar zkEVM network, with Astar’s ASTR token playing a key role in the Layer 2 ecosystem. Following the announcement, ASTR’s price surged by more than 6% within hours.
Sony and Startale Labs have been working together since September 2023, when they first hinted at their blockchain collaboration. They also partnered earlier in 2023 to launch a Web3 incubator program. Soneium will further integrate with Circle’s USDC stablecoin, Chainlink’s cross-chain platform, Alchemy’s development tools, and The Graph’s on-chain data services.
Subhadra, a seasoned research analyst, specializes in distilling complex developments in blockchain and AI into insightful narratives. Her expertise lies in providing a nuanced understanding of emerging technologies, making her a trusted source for in-depth and up-to-date analysis at the intersection of blockchain and AI.
