Emily Walker
Sony has officially launched its Ethereum Layer-2 platform, Soneium, marking the introduction of its mainnet.
In August 2024, they revealed the Minato testnet in collaboration with Startale, a leader in Web3 infrastructure.
The result of this initiative? An impressive 47 million transactions from 14 million users within four months.
Sony’s goal is to incorporate its various subsidiaries—films, games, and music—into Soneium, with a vision of creating a ‘blockchain that inspires emotions and fuels creativity’ according to the project’s statement.
Additionally, new presales such as Solaxy ($SOLX) are expected to benefit from the positive momentum generated by Soneium. Recently, $SOLX reached over $10 million in presales and continues to rise.
Sota Watanabe: ‘Soneium Is for Everyone’
Sota Watanabe, director of Sony Block Solutions Lab, stated that Soneium is focused on broad accessibility, aiming to attract everyday users who may not be familiar with Web3.
This Ethereum Layer-2 platform is designed to streamline blockchain interactions while fostering community engagement through NFT initiatives and the Soneium Spark incubator program.
Entertainment is a key focus for Soneium, as Watanabe emphasizes its ability to connect crypto enthusiasts beyond just financial rewards.
The platform aspires to extend beyond NFTs and digital collectibles to create a supportive framework for diverse creator economies, ultimately encompassing Sony’s films, games, and music.
The Soneium Spark program has already chosen 32 projects out of over 1,700 submissions to mentor, aimed at spurring innovation within the crypto sector and giving visionary developers a chance to turn their ideas into reality.
How will this influence the wider industry? We believe it will have a profoundly positive impact. For example, crypto presales like Solaxy stand to gain significantly from Soneium’s strides.
Solana’s First L2 Hits $10M in Presale with Ambitious Plans
Solaxy ($SOLX) has emerged as the first Layer-2 network for Solana, designed to enhance the blockchain’s capabilities. Here’s how:
- By alleviating the data load on Solana through off-chain processing for enhanced speed and efficiency.
- By improving scalability with bundled transactions to maintain high throughput and low costs.
- By leveraging Solana’s robust security with transactions being finalized on the mainnet.
- By ensuring continuous service during network load spikes.
- By providing a platform for developers to create custom applications within Solaxy’s modular system.
Moreover, Solaxy, which launched on Ethereum, facilitates easy integration between Solana and Ethereum, offering developers greater versatility.
The presale has successfully garnered $10 million, a notable achievement, with token prices set at $0.0016. Staking has already seen over 3.3 billion tokens locked, achieving a current annual percentage yield of 343%.
For more detailed insights, you can access the whitepaper and follow the project on X for updates on milestones and listing dates.
With Sony venturing into blockchain and Layer-2 technology creating a positive buzz, interest in Solaxy could see a boost from investors.
This increased attention could elevate the presale to new heights. However, it’s crucial to conduct your own research and only invest what you can afford to lose, as the crypto landscape remains unpredictable and volatile. Stay cautious!