Sony introduces Soneium blockchain - a step forward for enterprise blockchain?

[SamReomo]

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.

[KryptoBull]

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.

[libert19]

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.

[royalRitta]

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.

[libert19]

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.

[enoch_from_off]

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.

[KryptoBull]

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.

[libert19]

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.

[KryptoBull]

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.

[libert19]

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.

[KryptoBull]

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.

[libert19]

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.

[KryptoBull]

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.

[MRY]

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.

[KryptoBull]

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.