Breaking: Sony Announces Ethereum L2 Soneium On Optimism, These Crypto To Rally
Breaking: Sony Announces Ethereum L2 Soneium On Optimism, These Crypto To Rally
Sony Group has unveiled its new blockchain, named Soneium, in collaboration with Startale Labs. This public Ethereum Layer 2 blockchain is constructed using Optimism’s OP Stack. Backed by prominent partners such as Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph, Soneium is designed to appeal to developers across various industries, including entertainment, gaming, and finance.
Sony Set to Transform Ethereum Layer 2 with New Blockchain
Sony Block Solutions Labs, a collaboration between Sony Group and Startale Labs, has unveiled Soneium, its next-generation public Ethereum Layer 2 blockchain. The announcement, made on August 23, positions Soneium as a key player in advancing blockchain technology.
Soneium is designed as a highly adaptable and general-purpose blockchain, aimed at empowering developers, creators, and communities. The platform is set to offer a broad range of applications and services to meet diverse needs.
Jun Watanabe, Chairman of Sony Block Solutions Labs, highlighted the importance of this development for Sony Group. He emphasized that Soneium aligns with Sony’s mission to “Fill the world with emotion, through the power of creativity and technology.”
Looking forward, Sony plans to expand Soneium’s capabilities beyond its initial Web3 services. The blockchain will center on three key principles: fostering emotion, driving creativity, and achieving mainstream adoption.
Through these focus areas, Sony aims to create a blockchain environment that supports innovative solutions and widespread use. Soneium is expected to play a significant role in advancing the Web3 landscape.
Overall, Soneium represents Sony’s strategic effort to leverage blockchain technology to enhance its business initiatives and contribute to the broader evolution of digital ecosystems.
Soneium Testnet Set to Launch
Sony Block Solutions Labs is preparing to launch the Soneium testnet in the near future. This initial phase will enable developers and creators to begin building applications using the available developer tools and SDKs.
Soneium, an Ethereum Layer 2 blockchain, promises rapid data processing and minimal transaction fees. It is designed to offer a strong development environment, complete with tools and resources tailored to developers and creators, while also enhancing overall accessibility.
Crypto Ecosystem Poised for Gains with Soneium Launch
The introduction of the Soneium blockchain is set to positively impact the networks and prices of its partner projects, including Astar Network, Chainlink, Optimism, and The Graph.
Astar Network will integrate its Astar zkEVM with Soneium, which is expected to enhance the visibility and utility of its ASTR token. The revenue generated from this integration will be reinvested into Astar Network, fueling further growth. Following the announcement, ASTR saw a 10% price increase, with its 24-hour low and high ranging from 0.06902 to 0.0772. Despite a slight decrease, the price remains elevated.
Optimism’s price surged by 8% in the past 24 hours, reaching a high of $1.57, following the news of the new blockchain. Similarly, The Graph’s GRT token experienced a 7% increase over the same period, while Chainlink’s LINK saw a modest rise of 1.40%.
In addition, Circle is enhancing the Web3 experience by bridging USDC to Soneium, aiming to make digital transactions and applications more accessible within the new blockchain environment.
