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

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Sony Block Options Labs, a subsidiary of Sony Group, has unveiled plans to develop Soneium, an Ethereum Layer-2 community designed to speed up blockchain know-how adoption, in line with an Aug. 23 assertion.

The layer-2 community—a results of a collaboration with blockchain infrastructure supplier Startale—seeks to bridge blockchain know-how (Web3) with on a regular basis web providers.

This challenge indicators Sony’s ongoing growth into the digital asset house. Sony Group hinted at launching a crypto alternate in July after buying Amber Japan’s WhaleFin alternate. The tech big plans to rename and relaunch the alternate, though the timeline stays unclear.

Soneium

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

Soneium would leverage the Op Stack and Superchain developed by the Optimism Basis. A testnet can be launched within the coming weeks to supply builders with hands-on expertise.

A number of crypto protocols, together with Chainlink and the Astar community, are already becoming a member of the challenge as launch companions. Astar stated its zkEVM resolution would transition into Soneium, and its native ASTR token will play an important position throughout the deliberate layer-2 resolution.

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 in depth attain throughout leisure, finance, electronics, and gaming. He emphasised that Soneium will ultimately combine with Sony Group providers to draw customers unfamiliar with Web3.

Layer-2 networks

Ethereum layer-2 networks are designed to reinforce mainnet scalability and pace and have seen sustained success not too long ago.

Over the previous yr, the layer-2 panorama has turn out to be crowded with main crypto corporations, together with Coinbase, launching their networks and scoring huge group adoption.

Consequently, layer-2 networks now deal with most of Ethereum’s exercise. In line with accessible information, about 89% of blockchain transactions happen on these platforms.

Ethereum layer-2 networks (Supply: Coinbase)

Nonetheless, some critics argue that this growth might hurt Ethereum in the long term. These networks have already pushed the blockchain community’s charges to three-year lows and will additionally doubtlessly sign the tip of ETH’s “ultrasound cash” narrative.

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Tags: EthereumgroupLayer2networkPlungeSoneiumSonyTakesWeb3
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