Sony, the 78-year-old Japanese electronics giant, is the latest giant to explore blockchain technology. On Tuesday, the company announced that it will officially launch Soneum, a general-purpose blockchain platform.
The team behind Sony Block Solutions Labs (SBSL), A A joint project between Sony Group and Singapore-based Startale Labs describe Soneuim — technically a layer-two network on top of Ethereum — as a “general-purpose multi-platform blockchain platform” designed to support a diverse ecosystem of gaming, finance, and entertainment applications. According to SBSL, the launch comes after a four-month testing period that included 14 million participating wallets.
Sony’s network is further evidence that traditional technology companies may once again be keen on blockchain’s ability to connect and media market in the future. The series aims to “bridge the gap between web2 and web3 audiences, especially for creators, fans and the community,” SBSL said in a statement shared with CoinDesk. “The platform prioritizes user-centered design, simplifying blockchain interactions and evolving web3 from a niche hobby into an everyday experience.
Take advantage of the team OP stack for optimism To build their network – a customizable framework that allows developers to use optimistic accumulative technology to transact on Ethereum quickly and at a low cost.
Other companies using OP Stack include US cryptocurrency exchanges Coinbase and Kraken, which use the technology to support their popular coins. a base and ink networks. Uniswap, the leading decentralized exchange, and Worldcoin, the digital passport founded by Sam Altman, also use OP Stack to power layer-2 blockchain networks.
In many cases, the Optimism Foundation, which oversees the development of OP Stack, has provided grants to companies that have agreed to use its technology. SBSL declined to comment on how many OP tokens it will receive as part of this deal Previous reports indicate That grant of optimism can be great.
In August 2023, Coinbase received up to 118 million OP tokens — worth $182 million at the time, or $192 million in today’s prices — to use the OP Stack for the main chain. CoinDesk It was also reported that the Kraken It received up to 25 million OP tokens, worth approximately $100 million, when it agreed to use the OP Stack in January 2024 (now worth $42 million).
Similar grants are being offered by Optimism’s competitors such as Polygon and Arbitrum, each of which is vying to build its own interconnected blockchain network.
Read more: Sony, the leading electronics company behind the Walkman, begins owning the ‘Soneium’ blockchain.
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