Sony has finally launched its Ethereum Layer-2, Soneium: this time, the main network.
In August 2024, they announced the Minato Test Network in partnership with Startale, market leader in Web3 infrastructure development.
The result? Over 47 million transactions from over 14 million users over a four-month period.
Sony plans to integrate the rest of its subsidiaries (films, games and music) into Soneium, with the aim of creating a “blockchain that evokes emotion and enhances creativity” (project statement).
In the meantime, new pre-sales like Solaxy ($SOLX) could ride the bullish wave created by Soneium. $SOLX recently crossed the $10 million presale milestone and heads upwards.
“Soneium is for everyone,” says Sota Watanabe
According to Sota Watanabe (director of Sony Block Solutions Lab), Soneium is focused on widespread accessibility. He wants to bring in regular people who may not be familiar with Web3.
Sony’s Ethereum Layer-2 (L2) platform aims to simplify blockchain and create organic engagement through NFT programs and Soneium Spark, an incubator program.
Entertainment is the name of the Soneium game, as Watanabe claims it can connect cryptocurrencies better than financial incentives.
To this end, L2 is expanding beyond NFTs and digital collectibles, aiming for infrastructure capable of supporting more creator economies. And, finally, Sony movies, games and music.
Soneium Spark, the company’s mentoring program, has already selected 32 applications to support from over 1.7K applicants. The goal is to innovate in the crypto space and give visionary developers and creators a chance to put their ideas to the test.
How will this impact the industry as a whole? Very positively, we think. For example, crypto presales like Solaxy have a lot to gain from Soneium’s efforts.
Solana’s first L2 raises $10 million in presale, aims for more
Solaxy ($SOLX) is the first Solana L2 network built to improve blockchain. Here’s how to do it:
- Reduce data load on Solana with off-chain processing, which ensures faster and smoother operations
- Optimize scalability by consolidating transactions, keeping throughput high and costs low
- Deliver robust Solana security by finalizing transactions on mainnet
- Ensures zero downtime and uninterrupted service during network surges
- Provides space for developers to build custom applications on Solaxy’s modular infrastructure
Best of all, Solaxy was launched on Ethereum, so it can seamlessly bridge Solana and Ethereum. This provides even more flexibility for developers.
The presale recently raised $10 million, a milestone for the project, placing the token price at $0.0016. Presale holders have already staked over 3.3 billion tokens; the current staking APY is 343%.
You can read the white paper And follow the project on to stay informed of important achievements and registration date.
With Sony’s foray into blockchain and L2s creating bullish waves in the crypto space, Solaxy could spark renewed investor interest.
This could push pre-selling to new heights. But remember to DYOR and never invest more than you can afford. The crypto industry is risky and volatile, so be careful.