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

[KryptoBull]

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
[2] Samsung Blockchain, Simple and trust proven
[3] IBM Blockchain
Note:

• My opinion has been presented in a topic, on BitcoinTalk forum.
• 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.

[NotATether]

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.

[ABCbits]

• 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.

[rdluffy]

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

[KryptoBull]

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.

[MrSpasybo]

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.

[rdluffy]

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?

[KryptoBull]

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

[hugeblack]

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.

[KryptoBull]

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.

[TomPluz]

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.

[KryptoBull]

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.

[joniboini]

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.

[erus]

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

[erus]

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