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Home » Soneium Partners with Chainlink to Expand Web3 Adoption for Sony’s Blockchain

Soneium Partners with Chainlink to Expand Web3 Adoption for Sony’s Blockchain

A Strategic Move for Cross-Chain Infrastructure

Kelly Cromley by Kelly Cromley
Sep 13, 2024
in Market News, News
Reading Time: 3 mins read
0
soneium partners with chainlink

Soneium, an Ethereum Layer-2 (L2) blockchain aimed at introducing Web3 technologies to Sony Group’s extensive user base, has made a significant move by collaborating with Chainlink through the Chainlink Scale program. This partnership will allow Soneium to adopt Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which will serve as its primary cross-chain infrastructure. The integration of CCIP marks a step forward in Soneium’s mission to leverage blockchain technology for entertainment, gaming, and finance.

 

The creation of Soneium L2 is the result of a collaborative effort between Sony Group and blockchain startup Startale, which led to the establishment of Sony Block Solutions Labs. This new Layer-2 blockchain is positioned to provide practical applications in several sectors, focusing on the strengths of both Sony and Startale in creating a robust and scalable blockchain ecosystem.

 

Expanding Blockchain Capabilities with Chainlink’s Support

The Chainlink Scale program is designed to support the growth of blockchain and Layer-2 ecosystems by providing access to high-quality Oracle services at a lower cost. By partnering with Chainlink, Soneium will gain access to these industry-standard Oracle services, which will be integrated into its Soneium Minato Testnet. This move is expected to enhance the blockchain’s ability to handle cross-chain transactions efficiently and securely, contributing to its broader goal of advancing Web3 adoption.

 

The collaboration positions Soneium to apply blockchain technology in practical ways across a range of industries. Sony Block Solutions Labs, which oversees the development of Soneium, is committed to addressing real-world challenges through innovative blockchain solutions, further supporting the maturity of the industry.

 

Technical Infrastructure and Future Growth

Soneium’s technical architecture will be built on the Superchain ecosystem platform, utilizing Optimism’s OP Stack technology. This setup allows multiple chains to coordinate more effectively, improving transaction throughput and efficiency. By adopting this advanced technical foundation, Soneium aims to offer developers the tools they need to create high-performance decentralized applications (dApps) while providing a seamless onboarding experience for users.

 

Soneium had previously launched a testnet in collaboration with the Astar Network, integrating Astar’s zkEVM assets and infrastructure. This initial testnet provided the necessary liquidity for developers to build applications while setting the stage for further developments in the Soneium ecosystem.

 

The partnership with Chainlink is expected to play a crucial role in driving the growth of Soneium’s blockchain by enabling cross-chain interoperability. This, in turn, will attract developers and businesses to create more sophisticated applications using Soneium’s blockchain platform.

 

Chainlink’s Growing Influence in the Blockchain Space

Chainlink’s prominence in the blockchain ecosystem has been increasing steadily, as reflected by the recent surge in social media attention surrounding its native token, LINK. According to on-chain analytics tool Santiment, social media mentions of Chainlink reached their highest level in 2024, indicating growing interest in the platform’s capabilities. This rise in attention is partly due to the widespread integration of Chainlink’s services across various blockchains, including major platforms like Ethereum, Arbitrum, Base, BNB Chain, Polygon, and StarkNet.

 

In addition to Soneium, other projects such as Ambit Finance, Borderless, Euler Finance, Jojo Exchange, Sonic, Tadle, and zkLend have adopted Chainlink’s technology, further expanding the company’s reach in the decentralized finance (DeFi) space. Chainlink’s CCIP, in particular, has become a cornerstone of cross-chain connectivity, now supporting over nine blockchains.

 

Chainlink co-founder Sergey Nazarov noted that the general availability of CCIP on the mainnet has made it easier for developers to adopt the protocol, allowing for more secure and efficient cross-chain transactions. As more projects integrate Chainlink’s services, its influence in the blockchain ecosystem continues to grow, reinforcing its role as a key player in the advancement of DeFi and cross-chain infrastructure.

 

Soneium’s Future in Web3 Development

Soneium’s partnership with Chainlink is a strategic move that aligns with its broader vision of bringing Web3 technologies to Sony’s global audience. By integrating Chainlink’s CCIP, Soneium is enhancing its cross-chain capabilities, making it more appealing to developers and businesses looking to build on a robust and scalable blockchain platform. The collaboration also highlights the growing importance of cross-chain interoperability in the Web3 space, as more projects seek to bridge the gap between different blockchain networks.

 

As Soneium continues to develop its blockchain ecosystem, its partnership with Chainlink will likely play a pivotal role in shaping the future of decentralized applications and Web3 adoption across entertainment, gaming, and finance. By leveraging advanced blockchain technologies and industry-standard infrastructure, Soneium is positioning itself as a key player in the evolving Web3 landscape.

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