According to a report published on Aug. 23, Sony Block Solutions Labs (a Sony Group subsidiary) has announced plans to create Soneium, which is an Ethereum Layer-2 Network designed to speed up the adoption of blockchain technology. statement.
The layer-2 network—a result of a collaboration with blockchain infrastructure provider Startale—seeks to bridge blockchain technology (Web3) with everyday internet services.
The project is a sign of Sony’s continued expansion in the space of digital assets. Sony Group hinted in July at the launch of a crypto-exchange The following are some of the most recent posts on this blog: acquiring Amber Japan WhaleFin Exchange. Although the timeframe is unclear, the tech giant intends to rebrand and relaunch its exchange.
Soneium
The network is designed to be an all-purpose, versatile blockchain, with features that are competitive, mixing elements from the entertainment, gambling, financial, and other sectors.
Soneium will leverage Op Stacks and Superchains developed by the Optimism Foundation. In the next few weeks, a testnet will launch to give developers hands-on practice.
Crypto protocols include Chainlink The Astar Network and Astar have already joined the project in the capacity of launch partners. Astar’s zkEVM would be converted into Soneium. Its native ASTR Token will also play a key role in the proposed layer-2 solution.
Jun Watanabe of Sony Block Solutions Labs highlighted Soneium as a way to bring blockchain technology to the global market by using Sony’s vast reach within entertainment, gaming, finances, and electronics. Soneium, according to Watanabe, will integrate into Sony Group’s services in the future. This is meant to appeal users not familiar with Web3.
Layer 2 networks
Ethereum layer-2 network is designed to increase mainnet speed, scalability.
The layer-2 market has been overcrowded in the past 12 months with the presence of major crypto firms such as CoinbaseLaunching networks scoring massive community adoption.
Accordingly, the layer-2 network now handles most of Ethereum’s activities. According to the available dataAround 89% blockchain transactions are conducted on these platforms.
Some critics claim that the expansion of Ethereum could be harmful in the future. The networks are already pushing the boundaries of Ethereum. blockchain network’s fees The price of ETH has fallen to its lowest level in three years and may also signal the possible end of ETH “ultrasound money” narrative.
In this article, we mention a number of things. article
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cryptoslate.com