Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: KryptoBull on August 29, 2024, 08:56:30 AM
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Sony is a global giant in the electronics industry. Their most well-known products that I'm aware of are music players, TVs, and PlayStation, all of which are exceptionally high quality. Recently, Sony has expressed interest in entering the blockchain market with Soneium - an Ethereum Layer-2 solution for Web3.
Sony is looking to leverage Soneium to enhance its own existing services. The company is exploring how Soneium can be integrated into the PlayStation gaming platform and other entertainment services. Sony has also established partnerships with major projects in the blockchain market such as Optimism, Circle, Alchemy, The Graph, and Chainlink. It's clear that Sony has prepared extensively for its plans with Soneium, and this isn't just a new initiative that popped up last weekend.
“We will work to create diverse businesses and new use cases with the aim of reaching as many users as possible with the customer value that can be enjoyed only with Web3 technology.” [1]
A few other companies have introduced their own blockchains but haven't garnered much user interest [2, 3], so I'll be watching to see how Sony integrates Soneium into its existing businesses and how developers leverage Soneium to create innovative new dApps related to Sony's areas of expertise.
This could be the first major step in seeing public blockchains adopted at enterprise scale with high transparency. I don't think Sony will introduce a new token; it will likely function similar to Base. NFTs could be used to tokenize assets or ownership, and it would be exciting if NFTs could be incorporated into AAA games on PlayStation.
I would like to know your opinion on this issue:
- Will Soneium have its own native token?
- Do you think Soneium can be successful and bring benefits to Sony?
- Should companies develop their own blockchain or should they use existing blockchains in the market?
References:
[1] Soneium blockchain launched by Sony to attract Web3 developers (https://cointelegraph.com/news/sony-startale-joint-venture-ethereum-layer2-blockchain-soneium)
[2] Samsung Blockchain, Simple and trust proven (https://www.samsung.com/lb/apps/samsung-blockchain)
[3] IBM Blockchain (https://www.ibm.com/blockchain)
Note:
- My opinion has been presented in a topic, on BitcoinTalk forum (https://bitcointalk.org/index.php?topic=5507663).
- This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
- This statement is to avoid accusations of plagiarism.
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I have no idea why Sony would want to do something like this or be interested.
This doesn't look like something that would align with their business plans at all.
They had already launched a blockchain several months back if you guys remember.
Then again, Sony the Japanese parent company and Sony the subsidiaries are all different so maybe this is something that's just going to be used inside Japan. Otherwise the SEC claims would be unbearable.
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- Will Soneium have its own native token?
- Do you think Soneium can be successful and bring benefits to Sony?
- Should companies develop their own blockchain or should they use existing blockchains in the market?
1. Many L2 and DEX have it's own token, so i wouldn't be surprised if there's Soneium token.
2. Probably no. There are too many ETH L2 out there.
3. I'm in favor for them using existing blockchain, due to reason stated on point 2.
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The news about Soneium took me by surprise, even though it is a trend for companies to experiment with cryptos and blockchain
They may launch a token if they want this token to be used to buy digital items or have some as-yet-undisclosed benefit
But it won't be a governance token
Companies launch a lot of things that aren't so successful and then don't continue, as was the case with MS and kinect, Sony itself with PS Move and cameras, various discontinued accessories, etc
If it's something integrated with Sony's technologies, especially in the Playstation division, it might work and people might use it
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The news about Soneium took me by surprise, even though it is a trend for companies to experiment with cryptos and blockchain
They may launch a token if they want this token to be used to buy digital items or have some as-yet-undisclosed benefit
But it won't be a governance token
Companies launch a lot of things that aren't so successful and then don't continue, as was the case with MS and kinect, Sony itself with PS Move and cameras, various discontinued accessories, etc
If it's something integrated with Sony's technologies, especially in the Playstation division, it might work and people might use it
Currently, Arb and Op are facing many governance issues as their native tokens don't have much value within their ecosystems. Sony might be aware of this, so they haven't announced any plans for a new native token for Soneium yet.
I'm looking forward to Sony's success with this experiment in the crypto market. The success of Soneium could potentially reinvigorate the participation of many other companies in the blockchain space, leading them to either utilize existing blockchains (Ether, Arb, Op, Bnb, Avax, Sol, Near, Apt...) or develop new L2 blockchains based on Optimism's technology.
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I would like to know your opinion on this issue:
- Will Soneium have its own native token?
- Do you think Soneium can be successful and bring benefits to Sony?
- Should companies develop their own blockchain or should they use existing blockchains in the market?
1. As you've mentioned, I also think Soneium doesn't need to create its own token to avoid legal troubles. It could use ETH as a transaction fee, similar to how Base is operating quite effectively.
2. If Soneium is successful and brings users to the Sony ecosystem, the values of blockchain will be utilized and turned into revenue for Sony, improving Sony's image in the tech world. This is a risk-free experiment for Sony, the company will only gain more or less benefits.
3. I want blockchains in the market to be utilized for businesses, for example Ethereum, Solana, Avalanche, Ton..., because they have ready-made tokenomics and attract more funds into the crypto market. If businesses develop their own blockchains, they usually prioritize features over tokenomics and the benefits will only go to them, not the crypto market.
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Currently, Arb and Op are facing many governance issues as their native tokens don't have much value within their ecosystems. Sony might be aware of this, so they haven't announced any plans for a new native token for Soneium yet.
I'm looking forward to Sony's success with this experiment in the crypto market. The success of Soneium could potentially reinvigorate the participation of many other companies in the blockchain space, leading them to either utilize existing blockchains (Ether, Arb, Op, Bnb, Avax, Sol, Near, Apt...) or develop new L2 blockchains based on Optimism's technology.
In my opinion, governance tokens are very problematic, and for the end user and/or users with little capital (like me), it doesn't make much sense to buy them, as they are extremely difficult to rise in value in the medium and long term
I have a few governance tokens that I won in airdrops, but almost all of them have fallen in value
What do you think Sony's real product will be?
Collectible NFTs? NFTs with exclusive access to games? Tokens to buy discounted items?
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1. As you've mentioned, I also think Soneium doesn't need to create its own token to avoid legal troubles. It could use ETH as a transaction fee, similar to how Base is operating quite effectively.
2. If Soneium is successful and brings users to the Sony ecosystem, the values of blockchain will be utilized and turned into revenue for Sony, improving Sony's image in the tech world. This is a risk-free experiment for Sony, the company will only gain more or less benefits.
3. I want blockchains in the market to be utilized for businesses, for example Ethereum, Solana, Avalanche, Ton..., because they have ready-made tokenomics and attract more funds into the crypto market. If businesses develop their own blockchains, they usually prioritize features over tokenomics and the benefits will only go to them, not the crypto market.
We will wait and hope for the success of Sony's Soneium experiment. If Sony can achieve significant results in terms of sales and revenue from traditional services brought onto Web3, a new era will be opened, bringing blockchain into enterprises as we have expected for many years.
While Sony is developing its own blockchain, it also operates on Ethereum's technology and sends data to Ethereum L1, making it part of the public blockchain ecosystem. I think this is completely normal for Sony to customize features and promote the Sony brand in this market. I even thought they would name this L2 Sonyerum :)
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It's not the first time a company tries to explore the field but eventually they may end up because some issues are better managed on centralized servers rather than a decentralized blockchain.
Generally I don't have any information about Soneium, I will look for it and adjust my opinion based on developments related to it.
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It's not the first time a company tries to explore the field but eventually they may end up because some issues are better managed on centralized servers rather than a decentralized blockchain.
Generally I don't have any information about Soneium, I will look for it and adjust my opinion based on developments related to it.
Some companies like IBM have achieved certain success with their hyper-blockchain but are not well-known in the blockchain/crypto market. IBM allows businesses to customize their blockchain and most prefer private blockchains for supply chains instead of public blockchains which risk revealing business secrets. That's why these blockchains cannot become famous or have a large ecosystem.
Sony can be considered a pioneer in deploying services on a public blockchain. This is probably only achievable thanks to the success of L2 and especially OP Stack. We will follow together and wait for official announcements from Soneium about what they offer and what users can experience and benefit from on this L2.
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A few other companies have introduced their own blockchains but haven't garnered much user interest [2, 3], so I'll be watching to see how Sony integrates Soneium into its existing businesses and how developers leverage Soneium to create innovative new dApps related to Sony's areas of expertise.
I would like to know your opinion on this issue:
- Will Soneium have its own native token?
- Do you think Soneium can be successful and bring benefits to Sony?
- Should companies develop their own blockchain or should they use existing blockchains in the market?
One big advantage with Sony with the introduction of Soneium is the fact that it has its own big audience or market already on the bag unlike many other platforms where they are starting from almost zero. Sony can leverage its many users for this matter which can be a strong start already and of course it got its big reputation and goodwill too. So this is a matter of good execution and relying on its strong vision.
1. Am sure Soneium is thinking of this option and maybe later they can be releasing their token at the right time most especially if the project will really take off.
2. Yes, Soneium can be helping Sony a lot and in fact can be a very pioneering moves in the industry where Sony is a leader and hopefully we can see the many benefits in the use of the blockchain technology in many businesses and industries.
3. Each company or organization has their own unique situation and condition so there is no point to answer that question generally as it would be better that they evaluate themselves and come up with plan of actions according to their needs...but definitely the blockchain technology can be applied by all and I am sure in the coming many years there would be more advancements on this matter.
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One big advantage with Sony with the introduction of Soneium is the fact that it has its own big audience or market already on the bag unlike many other platforms where they are starting from almost zero. Sony can leverage its many users for this matter which can be a strong start already and of course it got its big reputation and goodwill too. So this is a matter of good execution and relying on its strong vision.
1. Am sure Soneium is thinking of this option and maybe later they can be releasing their token at the right time most especially if the project will really take off.
2. Yes, Soneium can be helping Sony a lot and in fact can be a very pioneering moves in the industry where Sony is a leader and hopefully we can see the many benefits in the use of the blockchain technology in many businesses and industries.
3. Each company or organization has their own unique situation and condition so there is no point to answer that question generally as it would be better that they evaluate themselves and come up with plan of actions according to their needs...but definitely the blockchain technology can be applied by all and I am sure in the coming many years there would be more advancements on this matter.
It would be really interesting if we could see Sony fans become blockchain users or crypto investors thanks to Soneium. That would be a valuable addition to the strength of the crypto community in the 2025 uptrend.
I don't dare to comment on the possibility of Soneium having its own token. If a new token is deployed, it will be difficult for us to assess whether its value will be supported by the Soneium ecosystem or Sony's business situation. I also haven't imagined a scenario where users can pay for Sony services like buying a TV or PS with that new token.
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It would be really interesting if we could see Sony fans become blockchain users or crypto investors thanks to Soneium. That would be a valuable addition to the strength of the crypto community in the 2025 uptrend.
Do such people exist? As far as I can tell, the most notorious fanbase is probably Playstation hardcore fans. I doubt they truly believe Sony is the best company and will follow whatever they do though. Not to mention most of them hate NFTs because so many scammers spam fake games on many platform such as Steam, Playstation Store, etc. If anything I think Sony will not market this blockchain heavily to their end users and will use it as a background service to support their long-term target such as live play services, etc.
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But I have a personal opinion that may be different from other members. I feel that Sony does not need to create its own blockchain because it will complicate the context of their work in the real world in the field of Video Games or TV. And maybe it's better for Sony to stick to an existing blockchain network like Ethereum, BSC or TRON. In other words, this will minimize the costs incurred by Sony rather than having to create its own blockchain and of course if Sony works with TRON then both will benefit from each other because Sony and TRON work together. Cmiiw
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This week I'm hoping the market has some good pull up, so we all can. Be happy
I think your post not constructive with topic , Moderator should be remove this post. Thank
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Do such people exist? As far as I can tell, the most notorious fanbase is probably Playstation hardcore fans. I doubt they truly believe Sony is the best company and will follow whatever they do though. Not to mention most of them hate NFTs because so many scammers spam fake games on many platform such as Steam, Playstation Store, etc. If anything I think Sony will not market this blockchain heavily to their end users and will use it as a background service to support their long-term target such as live play services, etc.
I hope Sony fans will be willing to try out the services deployed on Soneium if they are indeed good and user-friendly, making it easy for users to use Web3 just like Web2. Currently, according to the latest update, Soneium can be used to operate a stablecoin based on JPY, which is really interesting.
Scams always exist in this market, but I believe that opportunities always exist for projects with real potential and effective solutions. Sony fans are usually people with a good understanding of technology, they will not miss the opportunity to experience something interesting from blockchain technology introduced by Sony.
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Yesterday Sony made the official announcement of the Playstation 5 pro
I thought they might mention Soneium at some point, but I didn't see anything
Maybe an integration, a feature already built into the console, some web3 focus or even that the console could run the Soneium blockchain, but they didn't say anything
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Yesterday Sony made the official announcement of the Playstation 5 pro
I thought they might mention Soneium at some point, but I didn't see anything
Maybe an integration, a feature already built into the console, some web3 focus or even that the console could run the Soneium blockchain, but they didn't say anything
Unfortunately, we haven't seen Soneium mentioned widely in Sony events, perhaps they have some reason to be more cautious with promotions related to blockchain and crypto. Soneium has also just been introduced, there aren't too many features or dapps that users can experience, Devs will also need time to deploy many solutions for users on Soneium.
It would be great if we saw PS5 supported by a Soneium-related service in the future. Maybe GameFi or NFTs that confirm ownership of games for players, helping Sony not have to apply many anti-cheat methods and players can experience games more simply and at the best quality.
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Yesterday Sony made the official announcement of the Playstation 5 pro
I thought they might mention Soneium at some point, but I didn't see anything
Maybe an integration, a feature already built into the console, some web3 focus or even that the console could run the Soneium blockchain, but they didn't say anything
Nobody knows why, but i would speculate that,
1. They couldn't find way to mention it without attracting negative opinion from those who don't like cryptocurrency or blockchain.
2. There aren't any popular PS5 games which support or use Soneium, but CMIIW.
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It would be great if we saw PS5 supported by a Soneium-related service in the future. Maybe GameFi or NFTs that confirm ownership of games for players, helping Sony not have to apply many anti-cheat methods and players can experience games more simply and at the best quality.
Nobody knows why, but i would speculate that,
1. They couldn't find way to mention it without attracting negative opinion from those who don't like cryptocurrency or blockchain.
2. There aren't any popular PS5 games which support or use Soneium, but CMIIW.
I imagined something, but I know it will NEVER happen hehehe
Imagine if games could be verified via NFT, and after a while you could sell your game to another user via NFT
Obviously you'd have to pay a transfer fee to SONY
But I know it will never happen because every producer is against reselling games hehehe
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I have no idea why Sony would want to do something like this or be interested.
This doesn't look like something that would align with their business plans at all.
i mean they are a tech company so it’s not completely far off and most of the time companies have subsidiaries where their business is not exactly or directly connected/related to the main company they are just bringing the name of the company basically
- Will Soneium have its own native token?
i won’t be surprised i think many companies could benefit from having their own tokens which can be used to buy or avail their products and services and they might even introduce some exclusive benefits from holding their token who knows?
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I imagined something, but I know it will NEVER happen hehehe
Imagine if games could be verified via NFT, and after a while you could sell your game to another user via NFT
Obviously you'd have to pay a transfer fee to SONY
Customer would see it as revolutionary option, since they could spend less money ;D. Although i was talking about NFT which represent digital items, that can be sold or given to another user.
But I know it will never happen because every producer is against reselling games hehehe
That's why selling game via CD or DVD no longer popular option.
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Customer would see it as revolutionary option, since they could spend less money ;D. Although i was talking about NFT which represent digital items, that can be sold or given to another user.
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Games that use NFTs nowadays, in my opinion, end up being a bit forced.
NFTs and blockchain resources are good, but the game lacks being VERY good or long-lasting, or a AAA game
If Sony manages to put this type of NFT in games, as you mentioned, game items, but that really make sense, it could be very successful
Being able to trade some NFTs with your friends, sell them, keep them, etc. would be really cool
NFTs can also be used as a tool for early access, give you some DLCs, or even discounts on other games or items
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Games that use NFTs nowadays, in my opinion, end up being a bit forced.
NFTs and blockchain resources are good, but the game lacks being VERY good or long-lasting, or a AAA game
If Sony manages to put this type of NFT in games, as you mentioned, game items, but that really make sense, it could be very successful
Being able to trade some NFTs with your friends, sell them, keep them, etc. would be really cool
NFTs can also be used as a tool for early access, give you some DLCs, or even discounts on other games or items
We witnessed the value of NFTs in GameFi in 2021. NFTs were effectively used to create unique, unfalsifiable assets for games. The collapse of GameFi in 2021 was due to unsustainable tokenomics and the overall decline of the crypto market.
If Sony could implement NFTs, we can imagine many games being integrated with Sony's Web3 wallet for a richer experience. This would be a revolution for the gaming industry, and NFTs could truly become a part of everyday life in a unique role.
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^ NFTs deffo deserves a place in gaming industry, they can be implemented in multiple ways as to trade game itself, trade game items, show ownership and track that ownership but it needs to be deeply thought onto, which is possibly why the wait from the gaming industry.
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^ NFTs deffo deserves a place in gaming industry, they can be implemented in multiple ways as to trade game itself, trade game items, show ownership and track that ownership but it needs to be deeply thought onto, which is possibly why the wait from the gaming industry.
this has been done before by many projects from the past this seems to have been the obvious direction for nfts to use them in the gamefi sector one example would be axie infinity i remember a little before the pandemic and then after it started it was really huge and i was hearing about it everywhere but i don’t think it is as huge now
i am sure there are still many projects that incorporate nfts with gamefi that have been successful but i have not heard of a lot of them in recent times
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this has been done before by many projects from the past this seems to have been the obvious direction for nfts to use them in the gamefi sector one example would be axie infinity i remember a little before the pandemic and then after it started it was really huge and i was hearing about it everywhere but i don’t think it is as huge now
The hype dried up as usual, like many other crypto trends like ICO, IEO, meme tokens, etc. I seconded the opinion that what we need is a good game. Too many crypto devs focus more on how to hype up the tokens/NFTs and not the game itself.
There are tons of people playing MMO to this day. If you can replace the ownership of a sword/armor with NFT and stop selling the investment opportunities more people would probably try it. As long as the game is fun, I doubt those people care whether the game offers NFTs or not. Trying to market the tech/blockchain-related stuff without having a good game to play with would make people hate the tech even more. CMIIW.
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^ NFTs deffo deserves a place in gaming industry, they can be implemented in multiple ways as to trade game itself, trade game items, show ownership and track that ownership but it needs to be deeply thought onto, which is possibly why the wait from the gaming industry.
this has been done before by many projects from the past this seems to have been the obvious direction for nfts to use them in the gamefi sector..
Yes, because that's what I have seen and have nothing out of box to say, but my ignorance doesn't exclude use cases creative thinkers can come up with.
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I would like to know your opinion on this issue:
- Will Soneium have its own native token?
- Do you think Soneium can be successful and bring benefits to Sony?
- Should companies develop their own blockchain or should they use existing blockchains in the market?
Yes, I believe Soneium might have their own native token instead of relaying on someone else's. I even think that a company like Sony might consider to have their own blockchain so they might make more profits from it in future.
Yes, there's huge chance that Soneium will get success in bringing benefits to Sony because of the user base that Sony already has. It won't take Sony a long time to have many investors for Soneium and that's why I believe it will get success sooner.
I believe big companies like Sony, Apple, Nvidia, Intel, AMD, Qualcomm, and others should consider developing their own blockchains instead of relying on other blockchains. It would be much beneficial for them in long run.
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Yes, I believe Soneium might have their own native token instead of relaying on someone else's. I even think that a company like Sony might consider to have their own blockchain so they might make more profits from it in future.
Yes, there's huge chance that Soneium will get success in bringing benefits to Sony because of the user base that Sony already has. It won't take Sony a long time to have many investors for Soneium and that's why I believe it will get success sooner.
I believe big companies like Sony, Apple, Nvidia, Intel, AMD, Qualcomm, and others should consider developing their own blockchains instead of relying on other blockchains. It would be much beneficial for them in long run.
For now, we don't have any additional information about the Soneium native token, while USDC has already been deployed on this L2. I think Sony might follow Coinbase's approach: using ETH as transaction fees on Soneium to avoid the complexity of token management or being accused of issuing unregistered securities.
We have many large tech companies in the market. If all of them introduce their own blockchains, it would be interesting but would cause great confusion for users and investors. It would be better if they adopted existing public blockchains for tokenizing products or bringing their ecosystems to Web3.
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For now, we don't have any additional information about the Soneium native token, while USDC has already been deployed on this L2. I think Sony might follow Coinbase's approach: using ETH as transaction fees on Soneium to avoid the complexity of token management or being accused of issuing unregistered securities.
Well, even if Sony follows Coinbase's approach and does something similar then still it would be a good step to bringing their presence in crypto world. Well, Ethereum is going to be a good choice for them and I'm pretty sure if they choose ETH for deploying their token then I would surely invest some money in it, cause such tokens often get hyped pretty soon and huge money can be made with such tokens within days.
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Well, even if Sony follows Coinbase's approach and does something similar then still it would be a good step to bringing their presence in crypto world. Well, Ethereum is going to be a good choice for them and I'm pretty sure if they choose ETH for deploying their token then I would surely invest some money in it, cause such tokens often get hyped pretty soon and huge money can be made with such tokens within days.
If Sony needs to deploy a native token, they will likely use their own Soneium instead of pushing it onto Ethereum's Layer 1. L2 offers lower transaction fees and higher speeds, and it's also the product Sony promotes and prioritizes when needed.
Although a native token will come with various legal challenges, if you're interested in investing in it, you should follow the development of Soneium to assess its future potential. It will have to compete with other L2s like Arbitrum and Optimism.
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Have a read at official article: https://www.sony.com/en/SonyInfo/News/Press/202408/24-029E/
Nowhere it's mentioned that Soneium is trying to compete with other L2s, or is meant to scaling solution for Ethereum, Sony has their own plans to use their blockchain in entertainment industry, give control to users for their data and more.
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Have a read at official article: https://www.sony.com/en/SonyInfo/News/Press/202408/24-029E/
Nowhere it's mentioned that Soneium is trying to compete with other L2s, or is meant to scaling solution for Ethereum, Sony has their own plans to use their blockchain in entertainment industry, give control to users for their data and more.
That would be great if devs and people got good tools to do something on it themselves, though I overall think that all this stuff is done just due to Web3 being a niche where the big companies can get good funds and hype around it.
Only time will tell.
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Have a read at official article: https://www.sony.com/en/SonyInfo/News/Press/202408/24-029E/
Nowhere it's mentioned that Soneium is trying to compete with other L2s, or is meant to scaling solution for Ethereum, Sony has their own plans to use their blockchain in entertainment industry, give control to users for their data and more.
That would be great if devs and people got good tools to do something on it themselves, though I overall think that all this stuff is done just due to Web3 being a niche where the big companies can get good funds and hype around it.
Only time will tell.
Reading article, looks like Sony has plans that people might actually benefit from, plus at least from looks of it — it t doesn't look like they are cashing on hype but indeed time will tell.
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Well, even if Sony follows Coinbase's approach and does something similar then still it would be a good step to bringing their presence in crypto world. Well, Ethereum is going to be a good choice for them and I'm pretty sure if they choose ETH for deploying their token then I would surely invest some money in it, cause such tokens often get hyped pretty soon and huge money can be made with such tokens within days.
If Sony needs to deploy a native token, they will likely use their own Soneium instead of pushing it onto Ethereum's Layer 1. L2 offers lower transaction fees and higher speeds, and it's also the product Sony promotes and prioritizes when needed.
Although a native token will come with various legal challenges, if you're interested in investing in it, you should follow the development of Soneium to assess its future potential. It will have to compete with other L2s like Arbitrum and Optimism.
That's surely interesting to watch, will it be able to offer something that would differ it from them and in consequence - become better than those of the likes of ARB and OP.
I do hope for innovation to prevail, first and foremost.
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Have a read at official article: https://www.sony.com/en/SonyInfo/News/Press/202408/24-029E/
Nowhere it's mentioned that Soneium is trying to compete with other L2s, or is meant to scaling solution for Ethereum, Sony has their own plans to use their blockchain in entertainment industry, give control to users for their data and more.
Every project is born to benefit the #DevelopmentTeam , and other purposes are secondary. Arbitrum was introduced as a faster and cheaper solution for users while still leveraging the decentralization advantages of Ethereum. Sony is doing the same thing; it may have a user-centric goal, but Ethereum Devs can still easily deploy Dapps on Soneium if they want.
Competition is inevitable, unless Soneium only tries to exploit its traditional customer base. Otherwise, they will have to convince users that Soneium is better and worth experiencing more than other L2s in the market like Arb, Op, Base. Competition is the driving force of development, Soneium needs to face competition to grow stronger.
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Have a read at official article: https://www.sony.com/en/SonyInfo/News/Press/202408/24-029E/
Nowhere it's mentioned that Soneium is trying to compete with other L2s, or is meant to scaling solution for Ethereum, Sony has their own plans to use their blockchain in entertainment industry, give control to users for their data and more.
Competition is inevitable, unless Soneium only tries to exploit its traditional customer base. Otherwise, they will have to convince users that Soneium is better and worth experiencing more than other L2s in the market like Arb, Op, Base. Competition is the driving force of development, Soneium needs to face competition to grow stronger.
Sony on it's own already has a huge consumer base, sure they will try to tackle that first, it makes no sense to go elsewhere.
Also, Base and Soneium are both made using OP stack so they are not competitor to Optimism, rather they are strengthening it.
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Sony on it's own already has a huge consumer base, sure they will try to tackle that first, it makes no sense to go elsewhere.
Also, Base and Soneium are both made using OP stack so they are not competitor to Optimism, rather they are strengthening it.
Technologically, Soneium leverages the Op Stack but shares a similar user base and market, making competition inevitable regardless of Soneium's intentions. There's no reported data on traditional Sony users exploring Soneium, a negative signal if Sony aims to utilize Soneium for its existing ecosystem growth.
Soneium is also an Ethereum L2, capable of serving any dApp from Ethereum and other L2s. This could be a new direction, and Soneium's potential may not solely depend on users from Sony's traditional ecosystem.
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There's no reported data on traditional Sony users exploring Soneium, a negative signal if Sony aims to utilize Soneium for its existing ecosystem growth.
Sony integrates Soneium with PlayStation and you would see millions of users using it, but I'm sure Sony doesn't want to do such applications for a blockchain that's still in infancy.
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Sony integrates Soneium with PlayStation and you would see millions of users using it, but I'm sure Sony doesn't want to do such applications for a blockchain that's still in infancy.
We really need specific data like the level of interest from PS players or a clear announcement from Sony about integrating specific features for PS on Soneium. Otherwise, everything is still just a plan for a new L2 blockchain in the market.
Soneium uses OP Stack so technology probably isn't a major issue. It can inherit all the advantages of Op and operate stably. What we don't know is what kind of projects Sony really wants to support and encourage in this ecosystem. I've thought about products from Sony's traditional market but unfortunately we haven't seen their Web3 versions on Soneium yet.
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Sony integrates Soneium with PlayStation and you would see millions of users using it, but I'm sure Sony doesn't want to do such applications for a blockchain that's still in infancy.
We really need specific data like the level of interest from PS players or a clear announcement from Sony about integrating specific features.
Crypto and gaming are not something opposite of spectrum sectors. Sure, I can't generalize, but at least in my surroundings people who are in crypto, also play video games, having to see crypto stuff in console/video games will not be a new thing for them.
I've thought about products from Sony's traditional market but unfortunately we haven't seen their Web3 versions on Soneium yet.
You are expecting too much for a chain that was announced a month ago.
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Crypto and gaming are not something opposite of spectrum sectors. Sure, I can't generalize, but at least in my surroundings people who are in crypto, also play video games, having to see crypto stuff in console/video games will not be a new thing for them.
You are expecting too much for a chain that was announced a month ago.
We may need to wait for further updates and reports from Sony. Soneium has been in the works for a while now and boasts significant partnerships within the market, including Chainlink, and has also secured USDC from Circle. I hope it can capitalize on this current uptrend rather than missing out.
GameFi once held immense promise and was a major trend, but unfortunately, it hasn't met expectations. I'm uncertain whether PS gamers are ready to embrace wallet integration and the use of NFTs/crypto within their accounts. Crucially, Sony has yet to disclose any specific plans for Soneium's utilization.
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Crypto and gaming are not something opposite of spectrum sectors. Sure, I can't generalize, but at least in my surroundings people who are in crypto, also play video games, having to see crypto stuff in console/video games will not be a new thing for them.
You are expecting too much for a chain that was announced a month ago.
We may need to wait for further updates and reports from Sony. Soneium has been in the works for a while now and boasts significant partnerships within the market, including Chainlink, and has also secured USDC from Circle. I hope it can capitalize on this current uptrend rather than missing out.
GameFi once held immense promise and was a major trend, but unfortunately, it hasn't met expectations. I'm uncertain whether PS gamers are ready to embrace wallet integration and the use of NFTs/crypto within their accounts. Crucially, Sony has yet to disclose any specific plans for Soneium's utilization.
It is true, there is massive opportunities in the conjunction of blockchain technology comprising of crypto and NFTs with giant platforms such as PlayStation. But the biggest question is are the audience outside the niche such as Playstation users ready to embrace and go out of their way to use this innovation.
As you know, Sony has shown that it is interested in blockchain technology because it has collaborated with some giants like Chainlink and Circle. Thus, until Sony gives a clear plan of the further use for Soneium, it will be tough to measure how real this integration will be on the market. It could have immense viability if the upward movement is sustained in the future, particularly if the GameFi sector ultimately achieves a means of engaging ordinary people.
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It is true, there is massive opportunities in the conjunction of blockchain technology comprising of crypto and NFTs with giant platforms such as PlayStation. But the biggest question is are the audience outside the niche such as Playstation users ready to embrace and go out of their way to use this innovation.
As you know, Sony has shown that it is interested in blockchain technology because it has collaborated with some giants like Chainlink and Circle. Thus, until Sony gives a clear plan of the further use for Soneium, it will be tough to measure how real this integration will be on the market. It could have immense viability if the upward movement is sustained in the future, particularly if the GameFi sector ultimately achieves a means of engaging ordinary people.
Honestly, when I heard Sony was entering the blockchain space, all I could think about was GameFi and I was hoping The Legend of Zelda would be brought onto the blockchain, forever changing the quality of GameFi projects in this market :)
However, we know that an ecosystem needs many factors to survive, and Sony may be ready to implement many unique ideas and initiatives on Soneium. Clearly, Soneium is a Layer-2 solution and it has the potential to be as successful as Arb or Base, existing independently in the crypto market as a profitable venture for Sony.