As a seasoned researcher with a knack for following tech trends, I must admit that Sony’s foray into blockchain technology with Soneium piques my interest. Having witnessed the evolution of the internet and its subsequent revolutions, I can’t help but see parallels between the early days of the web and this new venture.
Sony, a renowned Japanese electronics firm, is jointly working on the creation of their proprietary blockchain, known as Soneium, alongside Startale – a web3 infrastructure provider based in Singapore.
As an analyst, I’m excited to share that our company has revealed its plans for the upcoming live launch of the Soneium testnet in the near future. This development gives us, as developers, the opportunity to explore, innovate, and construct applications, effectively setting the stage for a potential public release down the line.
Presenting Soneium, a project by Sony Block Solutions Labs, constructing an advanced Ethereum layer 2 blockchain infrastructure. This ecosystem is geared towards evoking emotions and fostering creativity.
— Soneium 📀 (@soneium) August 23, 2024
Sony has introduced its latest blockchain as a public platform aimed at making web3 technology understandable and popular among masses. The company criticizes the current state of the internet, where data and economic control is predominantly held by a select few. In this perspective, they believe that Soneium could assist in decentralizing the internet and addressing two major issues plaguing web3: low adoption rates and insufficient real-world applications.
According to Sota Watanabe, CEO of Startale, the initial phase for Soneium (year one) will focus on acclimating core web3 users due to the current immature state of the technology and community. In the second year, the goal is to merge various Sony products onto the platform, such as Sony Music, Sony Pictures, and Sony Bank. Lastly, during the third year, Soneium’s team will enable other companies and decentralized applications to construct on their platform.
In simpler terms, the Soneium test network is designed to operate utilizing Optimistic Rollup technology constructed with the Optimism (OP) OP Stack. Additionally, it will incorporate Startale’s Astar zero-knowledge Ethereum virtual machine, which offers liquidity and both fungible and non-fungible tokens.
In the press announcement, the electronics company shared their intention to research methods for combining Soneium with their current operations, aiming to develop a collection of distributed applications and services tailored for both new and seasoned web3 users. Sony asserts that their novel blockchain platform will safeguard content ownership rights and devise innovative revenue-sharing mechanisms for creators.
The term “Web3” signifies the upcoming version of the internet, emphasizing decentralization and giving users more control. But, it encounters a few hurdles in its growth, such as scalability issues and the need for seamless interaction between different platforms.
Sony’s new blockchain initiative aims for “scalability similar to the internet,” an accomplishment which could enhance its user-friendliness. Previously, the corporation unveiled a collaboration with Siemens to develop practical applications in the metaverse for industrial purposes.
The first product of the collaboration was a mixed reality headset built specifically for web3 designers and engineers. In addition, Sony recently acquired Japanese crypto exchange Amber, which then rebranded to S.BLOX. The company runs the WhaleFin exchange and is also led by Startale CEO Watanabe.
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2024-08-23 10:06