Dive into Soneium and learn about Sony’s entire plan to enter Web3
author:insights4.vc
Compiled by: Xiaobai Navigation coderworld
Soneium is a public Layer 2 blockchain based on Ethereum Blockchain, designed with emphasis on scalability and ease of use, aiming to promote its widespread application.
Soneium combines Sony's global presence in entertainment, gaming, finance and electronics with Startale'sBlockchainProfessional technology, committed to simplifying the user experience and providing a powerful platform for developers. Soneium's vision is to build an open Internet that transcends cultural and geographical boundaries and promotes unlimited innovation. This vision is consistent with Sony's core values: creating an exciting and attractive environment (Emotion), stimulating creativity (Creative), and popularizing Web3 technology (Go Mainstream).
Sony Corporation – FY2024 Q1 Consolidated Results
This move comes at a time when Sony is showing strong financial performance in its core business areas. In the first quarter of fiscal 2024, Sony's sales and operating income increased, especially in the Gaming & Network Services and Music segments. The company raised its performance forecast for fiscal 2024, demonstrating its solid financial position and strategic growth plans. The latest financial report of Sony Group Corporation was published on August 7, 2024, and the relevant link can be found at the end of the newsletter.
Sony Corporation – First Quarter Fiscal 2024 Segment Results
Startale Labs
Startale Labs We are promoting Astar Network, a leading publicBlockchain, and provides Web3 infrastructure through Startale Web3 Cloud. In collaboration with Sony Network Communications, they launched a beta version of the cloud platform through a joint venture. On September 12, 2023, Sony Network Communications and Startale Labs announced the establishment of a joint venture to build a global Web3 infrastructureBlockchain，这是增强区块链能力的战略举措。公司于 2024 年 8 月 19 日更名为 Sony Block Solutions Labs Pte. Ltd.，这反映出他们对区块链解决方案的更深层次关注。不久之后，在 2024 年 8 月 23 日，他们推出了“Soneium”，这是一种旨在将 Web3 应用场景整合到日常生活中的新型区块链。
Sony Block Solutions Labs Pte. Ltd. was established in October 2023 and is located at 105 Cecil Street, Singapore. The company is owned by Sony Group companies with 90% shares and Startale Labs Pte. Ltd. with 10% shares.
The Startale Labs board of directors is as follows::
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President：Jun Watanabe
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director：Ryohei Suzuki, Masaaki Isozu, Sota Watanabe, Takeshi Narita
Soneium's core team includes:
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Marketing Executive:Alex Preukschat
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Chief of Staff (Astar FoundationChief Operating Officer):Shun Ishikawa
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Head of the Agreement Department:Maarten Henskens
Startale Labs financing information
Total funding raised: $7 million | Company valuation: $63.5 million
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Undisclosed rounds:Date: June 28, 2023 | Amount raised: $3.5 million
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investor:Sony Network Communications Series A: Date: February 6, 2024 | Amount raised: $3.5 million
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Investors include:SamsungNext, UOB Venture Management (a subsidiary of Singaporean bank UOB), Signum Capital, Sony Network Communications
Architecture Design
Modular Framework:Soneium uses OP Stack, a modular development toolkit introduced in the Optimism 'Bedrock' upgrade. The framework supports efficient project launches and simplifies Layer 2 (L2) Creation of blockchain.
Hierarchical structure
Data availability tier:Ensures that all transaction data is published on Ethereum Layer 1 (L1), providing public verification and preventing censorship.
Sorting Layer:Responsible for collecting and sorting transactions into batches. Currently centralized, but plans to decentralize in the future to enhance trust.
Derived layer:exist L2 Re-execute the transaction batch on the L1 layer to derive a new state root, ensuring consistency between L1 and L2.
Execution layer:Use Ethereum Virtual Machine (EVM) to process transactions and update L2 status to ensure smartcontractcompatibility.
Proof Layer: Generate and submit fraud proofs to L1 to challenge invalid L2 transactions and maintain the integrity of the system.
Optimism Hyperchain Integration
Shared Technology:Soneium is built on OP Stack, ensuring compatibility and seamless communication with other blockchains in the hyperchain ecosystem.
Interoperability:Supports asset transfer and interaction between Soneium and other OP Stack-based networks, facilitating connections between networks.
Collective governance:It operates under the governance of the decentralized entity Optimism Collective, which oversees the development of the ecosystem and funds beneficial projects through a revenue sharing mechanism.
Minato Testnet
Minato is Soneium’s public testnet, where developers cantestand optimize applications.
Functional accessibility
walletintegrated:Support MetaMask and WalletConnect, etc.wallet, making it easier for users to switch to the Minato network.
bridgingFunction:Providing tools for users to bridge assets and interact with the testnet environment.
Block Explorer:In partnership with Blockscout, Soneium provides blockchainXiaobai NavigationChain browser, with:
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Transaction tracking and analysis capabilities.
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Gas cost metrics, including average gas limit and price.
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Graphs and statistics of network activity to help developers and users optimize transactions.
Partnerships
In addition to key partnerships with Sony Group and Startale, Soneium has also established notable partnerships with:
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Astar Network: As the launch partner for the transition from Astar zkEVM to Soneium, this collaboration enhances the application value of Astar’s native Token (ASTR) while strengthening the connection between the two ecosystems.
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Transak: Provide Web3 infrastructure services, such as fiat currency deposits/withdrawals and NFT transactions, to help users smoothly transition from Web2 to Web3 and improve global accessibility.
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Alchemy: Provides Web3 development tools, including an easy-to-use dashboard and Supernode API, to support efficient development and expansion of decentralized applications (dApps) on Soneium.
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Optimism: Built on Optimism's OP Stack, it ensures compatibility within the hyperchain and provides a developer-friendly environment with high-speed transactions and low gas fees.
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Chainlink: Provide decentralized oracle services such as data feeds and smartcontract自动化，提升数据可靠性和智能合约的功能。
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Circle (USDC): Enhance liquidity and stablecoin applications by integrating USD Coin, and use trusted stablecoins to promote transactions and widespread adoption.
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The Graph: Supports efficient organization and access to blockchain data, provides nearly 100% uptime, and improves user experience and dApp reliability.
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Python Network: Provide real-time market data through Pyth price feeds, providing critical high-precision data support for DeFi applications on Soneium.
Soneium Ecosystem
Key Minato Testnet Metrics (September 19, 2024)
Key testnet data
Account growth (cumulative number of accounts per period): 104,804
Transaction growth (cumulative number of transactions): 4,607,906
Soneium Spark
The Soneium Spark Incubation Program aims to support innovators and creators developing on the Soneium blockchain to promote innovation. Each selected innovation team will receive financial support of up to $100,000. Participants will receive expert guidance to fully explore the potential of their projects, access advanced technical resources, and connect with industry leaders to advance their projects. The application deadline for the first batch of the program is the end of September 2024, and the incubation period will begin in mid-October 2024 and will be conducted online for global participation.
Sony Group Company Links
First Quarter Fiscal Year 2024 Consolidated Financial Results (Published: August 7, 2024)
https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/24q1_sonypre.pdf
Consolidated Financial Highlights for the First Quarter Ending June 30, 2024
https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/24q1_sony.pdf
Soneium Related Links
source
https://cryptorank.io/ico/startale-labs
Notice:This communication is not sponsored by Sony Group Corporation or any of its affiliated entities; it is an objective description of Sony's involvement in blockchain technology through the creation of Soneium.
Risk Disclaimer
insights4.vc The Company and its newsletters provide research and information for educational purposes only and do not constitute professional advice of any kind. We do not recommend any investment actions, including buying, selling or holding digital assets.
The content reflects the author's personal views and is not financial advice.cryptocurrency, DeFi, NFTs, Web3 or related technologies, please conduct sufficient investigation on your own as these areas are high risk and have large value fluctuations.
The article comes from the Internet:Dive into Soneium and learn about Sony’s entire plan to enter Web3
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