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

Sony's Soneium Mainnet: A Successful Move or a Controversial Step?

user avatar

by Giorgi Kostiuk

a year ago


Sony has introduced its new blockchain platform Soneium, featuring technological innovations and partnerships with well-known divisions like Sony Pictures and Sony Music. However, its launch has been met with both praise and criticism.

Mainnet Launch and Initial Reactions

Sony officially launched its L2 blockchain platform Soneium, developed by Sony Block Solutions Labs to streamline blockchain interactions. The platform is built on the OP Stack from the Optimism Foundation and includes an NFT-based Fan Marketing Platform. The focus is on supporting creators, developers, and fans. However, user reactions were mixed: some supported Soneium's potential, while others raised concerns about possible 'blacklisting' of contract addresses.

Sony's Response to Criticism

Soneium director Sota Watanabe stated that the restrictions affected 'only two specific contracts' due to intellectual property violations. He emphasized that users and developers could appeal the decision, and discussions are underway with the project whose contracts were restricted. 'This allows targeted and minimally disruptive action while protecting creators’ rights,' he added, stressing that funds were not frozen.

Soneium: Looking to the Future

Soneium aims to involve billions of users in Web3 by making the transition from Web2 as seamless as possible. Watanabe highlighted the importance of improving user experience to achieve this goal. The platform is also designed to protect the intellectual property of creators and facilitate profit-sharing with fans. 'We envision Soneium as the next chapter of Web3,' Watanabe noted.

The launch of Soneium is a significant step for Sony in blockchain development, yet it still needs to overcome the controversies and convince a multitude of users of the platform's benefits.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Retail Investors Face Billions in Losses from TRUMP and MELANIA Memecoins

chest

Retail investors have incurred over $4 billion in losses on the official TRUMP and MELANIA memecoins, which have plummeted significantly since their launch.

user avatarElias Mukuru

Bitcoin Spot ETFs Face Largest Drawdown in History

chest

Bitcoin spot ETFs have experienced the largest drawdown in history, with a decline of 100,300 BTC following the October all-time high, reflecting a risk-off environment and institutional derisking.

user avatarDiego Alvarez

t54ai Introduces x402 Facilitator for Seamless AI Payments on XRP Ledger

chest

t54ai has launched an innovative x402 facilitator on the XRP Ledger, enabling AI agents to pay for API calls and digital services using XRP or RLUSD.

user avatarKenji Takahashi

Bitcoin Lightning Network Sees Surge in Monthly Transactions

chest

In November 2023, the Bitcoin Lightning Network saw a surge with over 11 billion transactions processed, indicating increased adoption by larger players.

user avatarMaria Fernandez

Capitulation Risk Grows for Ethereum Whales Amid Unrealized Losses

chest

Capitulation risk grows for Ethereum whales amid unrealized losses.

user avatarGustavo Mendoza

Exchange Inflows and Liquidity Dynamics Impact XRP Market

chest

A recent CryptoQuant report highlights the impact of exchange inflows and liquidity dynamics on XRP's market behavior, indicating that spikes in inflows may precede volatility expansion.

user avatarRajesh Kumar

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.