Sony, the major Japanese conglomerate and consumer electronics giant, launched a new web3 division overseeing the development of an Ethereum Layer 2 network.
The newly created Sony Block Solutions Labs (Sony SBL) will lead all of Sony’s blockchain and web3 initiatives. Sony also revealed that the division is developing Soneium, a public Ethereum Layer 2 network, in partnership with Startale Labs, the development team behind Astar Network. (The Defiant)