Sony Group publicizes its personal blockchain “Soneium” in partnership with Startale. The public Ethereum layer 2 blockchain is constructed on Optimism’s OP Stack. With assist from Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph, the versatile chain goals to draw app builders from sectors together with leisure, gaming, and finance.
Sony Aims to Revolutionize Ethereum Layer 2
Sony Block Solutions Labs, a three way partnership between Sony Group and Startale Labs, has introduced the general public Ethereum layer 2 next-generation blockchain Soneium, as per a press release on August 23.
The firm asserts Soneium is deliberate to be a flexible, general-purpose blockchain that goals to empower builders, creators, and communities.
“We think the development of a comprehensive Web3 solution based on blockchain is very significant to the Sony Group, which has developed a wide variety of businesses under its purpose of “Fill the world with emotion, through the power of creativity and technology”, mentioned Jun Watanabe, Chairman, Sony Block Solutions Labs.
The firm is contemplating providing new providers along with the prevailing Web3 providers with Soneium sooner or later. The blockchain will concentrate on three values — emotion, inventive, and going mainstream.
Soneium Testnet Launch
The firm plans to launch testnet within the coming days. Notably, builders and creators may even begin constructing their very own purposes on the testnet utilizing preliminary developer instruments and SDKs.
The Ethereum Layer 2 blockchain will deal with information processing with quick processing velocity and low charges. Also, the chain is designed to have a sturdy growth surroundings, developer & creator-centric instruments and assets, and increase accessibility.
Crypto to Benefit From New Blockchain
The Soneium blockchain launch will increase in community and costs of Astar Network and different companions together with Chainlink, Optimism, and The Graph.
Astar Network is transitioning Astar zkEVM to Soneium, enhancing ASTR’s visibility and utility. Moreover, the income generated will probably be reinvested into Astar.
Astar Network is present process a two-phase evolution – Phase 1 has begun.
We’re transitioning Astar zkEVM to @soneium L2, an Ethereum Layer 2 developed by Sony Block Solutions Labs – a three way partnership by Sony Group and @StartaleHQ. This strategic alignment units the stage for brand new… pic.twitter.com/k5SzopGRUJ
— Astar Network (@AstarNetwork) August 23, 2024
ASTR value noticed 10% soar after the announcement, however the upsurge has not dipped to five% within the final 24 hours. The 24-hour high and low are 0.06902 and 0.0772, respectively.
Optimism price surged 8% over the past 24 hours, with a sudden upside transfer after this new blockchain announcement. It hit a 24-high of $1.57.
GRT price additionally witnessed a 7% upside prior to now 24 hours. Meanwhile, LINK price rose 1.40% within the final 24 hours.
Meanwhile, Circle mentioned it’s redefining the Web3 panorama with bridged USDC on Soneium, making Web3 experiences extra accessible.
Varinder Singh
Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a expertise fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those modern future applied sciences. He is at the moment masking all the most recent updates and developments within the crypto trade.
Disclaimer: The offered content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
