Electronics and entertainment giant Sony is developing a new Ethereum (ETH) layer 2 blockchain called “Soneium.”
In a recent press release, Sony Group announced that it is developing Soneium as a means to further expand into the web3 world.
According to Sony, leveraging blockchain technology can provide users with a more streamlined, secure, and decentralized experience.
“By developing blockchain, the basic infrastructure of Web3, we will be able to provide comprehensive Web3 solutions from the infrastructure layer to the application layer, rather than simply providing some services.
End users will be able to access Soneium via applications compatible with Soneium’s network, interact with the web3 games and NFT (non-fungible token) marketplaces offered by each app, as well as access entertainment-related services.”
Sony also said it would focus on bringing new users to Web3 and supporting content creators through Soneium.
“We will work to create use cases that will spark interest among people who have never used a Web3 service before. Soneium’s Web3 technology can help expand the potential of creators and enhance engagement with their fan community.
Specifically, we will explore protecting the rights of creators to the content they create, new mechanisms for revenue return to support creators and fans, and opportunities for creators to thrive in the digital and physical worlds.”
Sony has announced that the Soneium testnet will launch soon, but no specific date has been revealed.
In July, Sony Group announced plans to acquire Japanese digital asset company Amber Japan and redesign and expand its cryptocurrency trading platform.
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