• Sony has introduced a brand new L2 blockchain referred to as “Soneium” primarily based on Ethereum.
• Soneium makes use of optimistic rollup know-how and the Optimism OP stack.
• Soneium plans to introduce Sony merchandise, together with Sony Music, inside the subsequent two years.

Japanese tech large Sony is launching a brand new blockchain referred to as Soneium, with the testnet set to go dwell quickly as curiosity within the know-how grows and firms look to construct decentralized merchandise.

Sony Block Options Labs, a partnership between Sony Group and Singapore-based Startail Labs, confirmed on Friday that it’s going to launch Sonium, a brand new Layer 2 community on the Ethereum community. The brand new L2 community will reportedly leverage optimistic rollup know-how.

Optimistic rollup is basically a community that depends on the safety and stability of the guardian blockchain (Ethereum on this case). That’s, it makes use of the guardian chain's consensus mechanism as an alternative of making its personal. Nevertheless, these L2 scaling options enhance the scalability of the blockchain by processing transactions off-chain. In consequence, Soneium permits customers to transact on Ethereum at a low value.

In keeping with the report, Soneium will use the Optimism Community's OP Stack, which permits builders to construct their very own networks utilizing Optimism's know-how. Different organizations utilizing the OP Stack embrace Coinbase's Base Blockchain and Worldcoin's World Chain.

Sota Watanabe, CEO of Startale Labs and co-founder of Astar Community, confirmed that the corporate will focus solely on Soneium and divest from different initiatives such because the Astar zkEVM.

“Astar zkEVM will combine its property and underlying infrastructure with Soneium.”

Watanabe defined that Soneium's purpose for the primary yr is to onboard new customers to Web3, “as a result of the know-how and the group are usually not but prepared for basic customers.” Startale's CEO goals to carry Sony merchandise, reminiscent of Sony Financial institution, Sony Music and Sony Footage, to Soneium inside the subsequent two years.

Trying additional forward, Watanabe plans to carry not solely Sony however all different firms and main decentralized functions onto the blockchain inside three years, although this timeline is versatile and Sony shall be proactive in bringing as many firms onto the blockchain as attainable from the beginning.