Sony Electronics, the Japanese electronics giant is currently developing a new product. own Soneium has teamed up with Startale, a Singaporean web3 infrastructure company, to create a blockchain.
In an August 23 announcement, the company revealed that it had made the decision. releaseSoneium Testnet to be launched in the near future. This will give developers the opportunity to test and develop applications.
Sony is positioning the blockchain network as an open public network which will allow for greater transparency. web3 Technology accessible and mainstream. The company criticized the centralization and concentration of information on the internet today, in which economic power is concentrated among a small number of entities. Soneium is a decentralization tool that can tackle the two biggest problems facing web3: limited adoption and lack of use cases.
Soneium, however, will not be ready to accept general users until the following year, says Startale’s chief executive Sota Watsunabe. In the second year, it is planned to include Sony Music and Sony Pictures on the platform. The team plans to allow decentralized and other enterprise applications on Soneium in the third-year.
Soneium will be running on a rollup optimistic technology using the Optimism.OPOP Stack. Startale will integrate Astar’s zero-knowledge. Ethereum Virtual machine that provides liquidity and tokens both fungible & non-fungible.
According to a recent press release from the electronics maker, it intends to examine how it could integrate Soneium to its other business to create decentralized apps for web3 customers. Sony states that the new blockchain-based infrastructure it has developed will protect content rights as well as create new models of profit sharing for creators.
Web3 is an umbrella term that describes the next Iteration of internet, with a focus on user empowerment and decentralization. But its growth is faced with several challenges including interoperability and scalability.
Sony has stated that its blockchain project will have a goal of having “internet-level scalability,” A feat which could help it be adaptable to everyday users. In the beginning of the year the company said it was going to be partnering Siemens will create industrial applications using the Metaverse.
The collaboration began with a Mixed Reality headset designed specifically for Web3 designers and developers. Sony also recently acquired S.BLOX, the Japanese crypto-exchange Amber was rebranded from Amber. Startale CEO Watanabe also runs the WhaleFin Exchange.
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Source: crypto.news