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Home»ADOPTION NEWS»Sony Group Teases Launch of Ethereum Layer-2 Blockchain with StarTail Labs
ADOPTION NEWS

Sony Group Teases Launch of Ethereum Layer-2 Blockchain with StarTail Labs

By Crypto FlexsAugust 23, 20243 Mins Read
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Sony Group Teases Launch of Ethereum Layer-2 Blockchain with StarTail Labs
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Company • August 23, 2024 12:08 AM EDT

Updated: August 23, 2024 12:11 AM EDT

Global corporation Sony GroupStartale, a joint blockchain investment firm, announced the development of Soneium, the first Ethereum layer-2 blockchain aimed at mass adoption with a focus on scalability and user-friendliness.

Sony Block Solutions Labs said in a statement that Soneium plans to offer Web3 apps across a range of verticals including entertainment, gaming and finance after launch, leveraging Sony’s global Web2 presence.

“The Sony Group has strong distribution channels across a wide range of industries and users who already exist in our daily lives,” said founder Sota Watanabe. Asta Network And Sony Block Solution Labs director said in a press release: “With Soneium, we’re going to build what people want and take it beyond Web3 and into the mainstream.”

The joint venture is currently preparing to launch the blockchain’s testnet, but no launch date has been announced yet. Sony Block Solutions Labs said Soneium will release technical details about the platform’s tools and developer requirements in the coming weeks.

For the testnet launch, Astar Network will integrate its zkEVM with Soneium to integrate assets and underlying infrastructure to increase initial liquidity of the new chain.

Sony Block Solutions Labs mentioned that future use cases for Soneium include protecting the rights of creators to their content and creating new mechanisms for fair distribution of profits between creators and fans.

Meanwhile, last month Sony Preparing for launch Japan’s regional cryptocurrency trading platform.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He was previously a reporter at Forkast.News, where he actively covered the downfalls of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor of Arts in Journalism and Business Marketing from the University of Hong Kong.

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