Sony is set to relaunch the Japanese cryptocurrency exchange Whalefin, which it acquired from Amber Group in 2023, marking its entry into the crypto market. Sony has begun engaging Web3, investing and incubating products with Astar Network mainly related to NFTs across gaming platforms.
Tuesday, July 2, 2024Prominent Japanese electronics company Sony is launching its own Ethereum-based Layer 2, called Soneium. It is based on OP Stack technology and will be part of the Superchain Interoperability effort. The project aims to onboard existing Web3 users, and then integrate Sony products like Sony Bank, Music, and Pictures within two years.
Sony is launching a public testnet and a developer incubation program for its Soneium blockchain, an L2 based on Optimism.
Sony Bank is planning to launch a Stable Yen on Sony's upcoming L2, Soneium. The experimental process to determine its legal status will last several months. The project's goal is to make money transfers faster and cheaper.
Circle has partnered with Sony Block Solutions Labs to integrate Bridged USDC on the Soneium blockchain, enhancing its use as a primary token for secure, borderless transactions. This collaboration aims to empower creators in the digital economy, leveraging decentralized technologies to drive innovation and global accessibility on Soneium, a versatile Ethereum layer 2 platform.