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Sony Introduces Soneium Ethereum L2

It's one of the biggest mainstream names to launch its own chain this cycle.
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Aug 23, 20241 min read

Sony Block Solutions Labs has announced its development of Soneium, an Ethereum Layer 2 (L2) network for bringing onchain possibilities into the mainstream. 

What's the Scoop?

  • Soneium is designed to be a versatile, general-purpose blockchain that will cater to a variety of industries, developers, creators, and communities.
  • The network will initially target crypto enthusiasts, with plans to integrate Sony’s extensive portfolio, including Sony Bank, Sony Music, and Sony Pictures, within the next two years.
  • Soneium will leverage Optimism’s OP Stack for its infrastructure, allowing compatibility with other networks in the Superchain ecosystem like Base and Zora Network. 

Bankless Take:

This news demonstrates how some of the biggest companies in the world are still embracing blockchain applications, e.g. in this case building a custom chain as a Sony hub atop Ethereum. It also demonstrates the appeal of the OP Stack in offering a streamlined way to launch robust, custom L2s without these mainstream enterprises having to start development from scratch. We’ll see what happens from here, but either way, Soneium is now a project to watch in the coming years.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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