Sony launched layer-2 blockchain called Soneium in collaboration with Astar Network, the Graph, and Chainlink

Sony launched a new Ethereum layer-2 blockchain called Soneium on August 23, 2024.

Soneium is an Ethereum layer-2 scaling solution built using OP Stack from Optimsim.

This initiative is a joint venture between the Sony Group and Startale Labs, aimed at attracting Web3 developers across various sectors, including entertainment, gaming, and finance.

The Soneium testnet, developed in collaboration with Astar Network, is part of Sony’s broader strategy to integrate Web3 technologies into its operations.

With technology partnerships including Optimism, Circle, Alchemy, Astar Network, the Graph, and Chainlink, Soneium is poised to enhance its capabilities and offer developers tools to navigate global regulations for creating compliant applications.

Soneium will integrate Astar Network (zkEVM) closely with Soneium. ASTR will be integrated as a key asset within the Soneium L2 ecosystem.

Soneium is designed to address issues like slower data processing speeds and increased fees associated with Ethereum Layer 1 by handling data processing on its network.

It’s a public blockchain with an open network that anyone can join, focusing on decentralizing the power of the centralized Internet and providing comprehensive Web3 solutions from infrastructure to the application layer.

For developers, Soneium will offer built-in tools to help navigate global regulations to create compliant applications. It’s also exploring applications for existing Web3 services compatible with Soneium and considering new services linked to businesses within the Sony Group.

This move by Sony is part of a broader effort to incorporate Web3 technologies into its business.