Sony’s “Entertainment Network”, Soneum, Goes Live – CoinJournal

Sony’s “Entertainment Network”, Soneum, Goes Live – CoinJournal

  • Sony launched a layer 2 community on Ethereum to create an leisure layer on high of a Web3 finance layer.
  • The community is open to all creators and can defend creator rights whereas guaranteeing equitable worth distribution between creators and shoppers.

Sony, the media and Entertainment large, has launched a layer 2 community on Ethereum known as Soneum by its subsidiary, Sony Block Options Labs. The community is meant to make use of Web3 tech to energy a digital creator financial system.

The community, constructed utilizing the OP stack (a blockchain improvement equipment from the Optimism Basis), will use chain abstraction applied sciences and strategies to onboard common customers to Web3 with out requiring them to grasp the underlying tech.

One other vital touchpoint for the Head of Sony BSL, Sota Watanabe, is the safety of IP rights. Soneum is constructed with mechanisms in place to guard these rights.

Based on an X publish by Watanabe, “We’re making a house for all creators inside and outdoors of web3. Memecoins are an vital tradition, which I like as effectively, however IP infringement just isn’t. Let’s create meme tradition not infringing IP rights!”

Not like different main shopper manufacturers whose engagement with Web3 is basically restricted to NFTs, Sony goes past to supply an infrastructure for the following evolution of the creator financial system.

Soneum additionally launched Spark, an incubator program that has chosen 32 initiatives from an inventory of 1,700 that may debut on the brand new community.

Whereas Soneum lately launched its mainnet, it logged over 14 million customers throughout its testnet part which lasted 4 months from August 2024 and logged over 50 million transactions.

The publish Sony’s “Entertainment Network”, Soneum, Goes Live appeared first on CoinJournal.

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