Web3.0

Sony Launches Soneum on Ethereum for Digital Creator Economy

Thursday. January 16 at 11:00 AM

1 min. read

Sony, the media and entertainment giant, has introduced Soneum, a layer 2 network on Ethereum, under its subsidiary Sony Block Solutions Labs. Soneum aims to utilize Web3 technology to support a digital creator economy. Developed with the OP stack from the Optimism Foundation, the network employs chain abstraction methods to onboard users to Web3 without the need for deep technical understanding. Emphasizing the protection of intellectual property (IP) rights, Soneum incorporates mechanisms for safeguarding creators' rights. Sony BSL's Head, Sota Watanabe, highlights the importance of fostering meme culture while respecting IP rights. In contrast to other brands focused on NFTs, Sony is establishing an infrastructure for the creator economy's advancement. Spark, an incubator program by Soneum, has chosen 32 projects out of 1,700 for the network. With over 14 million users during the testnet phase and 50 million transactions, Soneum's mainnet has been successfully launched.

More news 🗞️

Raydium's Price Rebounds by Over 10% Following Market Crash

Wednesday. February 5 at 4:00 AM

Raydium's price has surged by more than 10% after the recent market downturn, bringing its market cap close to $2 billion. The cryptocurrency's technical indicators are now signaling a potential bullish trend continuation. Raydium remains a top revenue-generating Web3 protocol, with impressive earnings and trading volume surpassing major players like Circle and Uniswap. Despite a recent correction, Raydium's RSI has rebounded, indicating increased buying pressure and potential for further price movement. The cryptocurrency's EMA lines suggest a golden cross formation, which could lead to a continued price recovery. However, failure to maintain momentum may result in a test of support levels at $5.85 and potential further declines. Investors are advised to conduct their own research and seek professional advice before making any financial decisions.

Web3.0

Telegram's Exclusive Support for TON: A Necessity for Security and Scalability

Tuesday. February 4 at 5:00 PM

Telegram's decision to exclusively back The Open Network (TON) for its in-app Web3 ecosystem was deemed essential for security and scalability by TON Foundation board member Steve Yun. Yun emphasized TON's ability to cater to a large audience, making it a suitable choice for Telegram's 950 million users. While the move sparked mixed reactions regarding decentralization and stability concerns, Yun defended TON's exclusivity, stating that it was designed for mass adoption. He also addressed worries about blockchain centralization within Telegram's ecosystem, highlighting TON's permissionless nature. Despite the exclusivity of Mini Apps, Telegram bots will continue to support multiple blockchains. Yun sees the partnership as a positive development for the TON network, anticipating increased adoption and use cases. To support growth, Yun launched TVM Ventures, a $100 million fund aimed at fostering decentralized finance applications on TON.

Web3.0

Sony Launches Soneum on Ethereum for Digital Creator Economy

Thursday. January 16 at 11:00 AM

Web3.0

Transitioning to Web3: U2U Network's Decentralized Solutions

Friday. November 1 at 12:30 AM

Chloe Phung, co-CEO of U2U Network, discussed the growing interest in projects like Filecoin and the challenges of achieving growth in the Web3 space. U2U Network, supported by KuCoin Ventures and others, focuses on decentralized resources like VPN and GPU. Their decentralized VPN, U2DPN, has attracted over 60,000 users globally. The network boasts a high-performance layer-1 platform with a Direct Acyclic Graph and Helios consensus protocol for security. Through subnets, U2U Network offers a sharing economy model for node users, encouraging participation and decentralization. The network's public node sale was a success, selling out within hours. To sustain decentralization, U2U rewards node operators with tokens. Phung emphasized the importance of community contribution and the need to cultivate demand for decentralized resources. Despite challenges as a female founder in the tech industry, Phung remains optimistic about the future of women in Web3 startups.

Web3.0