Tokyo, Japan - Sony Block Solution Labs Pte. Ltd, (Headquarter: Singapore, Chairman: Jun Watanabe. Hereafter Sony Block Solutions Labs) of the Sony Group has developed the blockchain "Soneium", which is the infrastructure network that forms the basis of Web3. In the future, we will explore and develop a plan to make the network available to the public, and aim to create new services by leveraging the various businesses and IP within the Sony Group so that Soneium becomes an infrastructure that everyone can use on a daily basis.
While the Internet has contributed to improving convenience worldwide, it has led to the centralization of a huge amount of information and the economic sphere online. Web3 makes it possible to decentralize that concentrated power. Today, Web3 faces two challenges: the current community of Web3 technology and services is limited to a few core users and there are numerous use cases that have yet to gain the traction to go mainstream with the general public. The creation of killer use cases is eagerly awaited.
Sony Block Solutions Labs will continue to explore the provision and development of the blockchain "
Soneium" in the future. Soneium is a public blockchain with an open network that anyone can participate in. By developing blockchain, which is the basic infrastructure of Web3, we will be able to provide comprehensive Web3 solutions from the infrastructure to the application layer, rather than just providing partial services.
End users will be able to access Soneium through applications that are compatible with Soneium's network, and will be able to interact with Web3 games and NFT marketplaces provided by each app, as well as entertainment-related services. By utilizing blockchain technology, activity history within apps is managed in a more decentralized and autonomous manner than on the traditional Internet. Each app can be used by accessing it from your digital wallet.
In addition to the existing Web3 services that will be compatible with Soneium's future, we will investigate how new services that collaborate with businesses within the Sony Group can be developed as Soneium-compatible apps. We will work to create use cases that can spark the interest of people who have never used Web3 services. Soneium's Web3 technology can support the expansion of creators' potential and strengthen engagement with fan communities. Specifically, we will explore protecting the rights of content created by creators, new mechanisms for returning profits to support creators and fans, and opportunities for creators to be active across the digital and real worlds.
For developers and creators using Soneium, we provide tools and environments that are easy to use, efficient, and cost-effective. We are also planning to release a Soneium "testnet" for app developers soon. The purpose of this testnet is to co-create applications using Soneium's technology with developers inside and outside the Sony Group. In the future, we will continue to work towards making Soneium "mainnet'' publicly available, alongside the apps developed on the testnet. Mainnet will allow users to freely access various applications and use Web3 services.
Furthermore, by utilizing Web3 services, such as the crypto asset trading service operated by Sony Group's S.BLOX Inc., and adding new value to the various businesses and IP developed by the Sony Group we aim to create apps that can be used daily by people who have never had the opportunity to experience Web3, and to build a world where Web3 services permeate people's daily lives.
