• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sony's Soneium Launch Faces Community Backlash

user avatar

by Giorgi Kostiuk

10 months ago


Soneium is Sony's blockchain-based solution aimed at improving creator and fan interaction, but its IP protection features have drawn criticism from decentralization advocates.

What is Soneium

Built on the OP Stack from the Optimism Foundation, Soneium is a layer-2 blockchain solution designed to bridge the gap between web2 and web3 users. The platform integrates Sony’s NFT-based Fan Marketing Platform and Soneium Spark, offering unique blockchain-based collectibles and experiences to fans.

Community Backlash

The launch of Soneium prompted backlash due to its policy of restricting certain blockchain activities. Many voiced concerns over its practice of blacklisting addresses linked to potential IP violations or harmful activities.

Ethereum needs a community-driven L2 that mirrors its values of fairness and decentralization.Ignas | DeFi

How Soneium’s Censorship Features Work

Soneium has implemented a system to address unauthorized IP use and potentially harmful activities. Suspected violations result in the contract's address being added to a 'Suspected' list, initiating a warning period. If unresolved, the address faces activity restrictions.

Soneium’s Response

Soneium's team defends its policies, emphasizing a commitment to decentralization and creator protection. In the wake of community backlash, they reiterated their commitment to maintaining web3's core values.

Despite the initial backlash, Sony's push to integrate blockchain technology into daily life could set a precedent in web3. Time will tell if Soneium can achieve its goals of a fairer and more connected digital world.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Dominance Falls Below Key Technical Levels, Igniting Altcoin Speculation

chest

Bitcoin Dominance has dropped below key technical levels, sparking speculation about an altcoin surge.

user avatarDavid Robinson

Uniswap Faces Market Volatility Due to Whale Selloffs

chest

Uniswap is experiencing significant market volatility due to large whale selloffs, leading to sharp price retracements.

user avatarAndrew Smith

Malaysian Authorities Intensify Crackdown on Illegal Crypto Mining Operations

chest

Malaysian authorities arrested seven individuals for illegal Bitcoin operations linked to electricity theft, seizing 52 mining rigs and related equipment.

user avatarJacob Williams

Malaysia Faces Over RM1 Billion Losses Due to Electricity Theft Linked to Crypto Mining

chest

Tenaga Nasional Bhd reports over RM1 billion losses due to electricity theft linked to cryptocurrency mining, with nearly 14,000 illegal power taps identified since 2020.

user avatarZainab Kamara

The Transition from ESG Narrative to Financial Reality

chest

The transition from ESG goals driven by reporting frameworks to tokenized carbon credits is underway, introducing liquidity and financial optionality in financial markets.

user avatarAyman Ben Youssef

Richard Sandor Advocates for Carbon's Transition to Digital Asset Class

chest

Richard Sandor discusses the evolution of carbon markets from regulatory tools to digital assets at the Caixin Summit ESG Forum.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.