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LY Corporation Refutes Collaboration with Soneium Amid Rumors

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by Giorgi Kostiuk

3 days ago


LY Corporation responded to rumors of a partnership with Soneium, stating that no business arrangement has been established between the companies.

Announcement by LY Corporation

On March 28, LY Corporation issued a statement denying the rumored partnership with Sony-backed Soneium network. The information was based on Soneium’s March 12 announcement about utilizing LINE API and Mini Apps, yet no business cooperation was established.

These reports were based on an announcement made by Soneium on March 12 that it plans to expand its business by using the LINE API and LINE Mini Apps on our platform, although no business partnership or the like has been established between Soneium and LY Corporation.LY Corporation

Innovations in Japan's Blockchain Sector

LY Corporation, formed in 2023 through a merger, includes Line and other major companies. Line Next, launched in late 2021, raised $140 million and introduced Mini Dapps, offering games and social content within the LINE messenger.

Soneium and Promotion of Anime in Web3

Soneium, backed by Sony, announced on March 28 a partnership with Animoca Brands to promote anime culture in Web3. The Moca Network will create a decentralized identity layer for anime fans as a first step in this technological development.

The situation with rumors highlights the importance of clear communications amid growing interest in blockchain technologies and collaborations, especially concerning popular products such as anime and Dapps.

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