Sony finally launched its Ethereum Layer-2, Soneium: this time, the mainnet.
Back in August 2024, they announced the Minato testnet in partnership with Startale, a market leader in Web3 infrastructure development.
The result? Over 47M transactions from over 14M users in a four-month period.
Sony plans to onboard the rest of its subsidiaries (films, games, and music) to Soneium, aiming for a ‘blockchain that evokes emotion and empowers creativity’ (statement from the project).
In the meantime, new presales like Solaxy ($SOLX) could ride the bullish wave created by Soneium. $SOLX recently passed the $10M presale milestone and is headed up.
‘Soneium Is for Everyone,’ Says Sota Watanabe
According to Sota Watanabe (director of Sony Block Solutions Lab), Soneium centers around widespread accessibility. It wants to onboard regular people who might not know about Web3.
Sony’s Ethereum Layer-2 (L2) platform aims to simplify the blockchain and build 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 crypto people better than financial incentives.
To that end, the L2 expands beyond NFTs and digital collectibles, aiming for an infrastructure to support more creator economies. And, eventually, Sony films, games, and music.
Soneium Spark, the company’s mentorship program, has already selected 32 applications to support from over 1,7K applicants. The goal is to innovate the crypto space and offer visionary developers and creators a chance to put their ideas to the test.
How will this impact the industry at large? Very positively, we think. For instance, crypto presales like Solaxy have much to gain from Soneium’s efforts.
Solana’s First L2 Raises $10M in Presale and Aims for More
Solaxy ($SOLX) is the first Solana L2 network built to improve on the blockchain. Here’s how:
- Reducing the data burden on Solana through off-chain processing, which ensures faster and smoother operations
- Optimizing scalability by bundling transactions together, keeping throughput high and costs low
- Offering robust security from Solana by finalizing the transactions on the mainnet
- Ensures zero downtime and uninterrupted service during network surges
- Provides a space for developers to create tailored apps on Solaxy’s modular infrastructure
Even better, Solaxy was launched on Ethereum, so it can seamlessly bridge between Solana and Ethereum. This offers even more flexibility to developers.
The presale has recently raised $10M, a significant milestone for the project, putting the token price at $0.0016. Presale holders have already staked over 3.3B tokens; the current staking APY is 343%.
You can read the whitepaper and follow the project on X to remain up-to-date about milestone achievements and the listing date.
With Sony’s foray into blockchain and L2s creating bullish waves in the crypto space, Solaxy could receive renewed investor interest.
This could push the presale to new peaks. But remember to DYOR and never invest more than you can afford. The crypto industry is risky and volatile, so take care.
