Last year Sony entered into a joint venture with Singapore-based startup Startale Labs. Now the first fruits of that collaboration have come to light, with the launch of Soneium, an Ethereum layer 2 blockchain, from Startale and Sony Block Solutions Labs. The platform is first being made available to developers, with plans for an eventual public launch, the goal being “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,” according to Sony. Continue reading Sony and Startale Labs Launch Soneium Blockchain for Web3

Ethereum, the second most popular cryptocurrency after Bitcoin, has completed a software upgrade that aims to make its network cheaper. Called Dencun, the update lowers the cost of so-called layer-2 networks — which include chains like Base, Polygon and Arbitrum — to about a cent for transactions that previously cost $1, while exchanges that used to cost a few cents are reduced to fractions of a cent. Accomplished through a new system of storing data, the upgrade is being welcomed as a harbinger of a development renaissance brimming with new applications and free services. Continue reading Ethereum Software Upgrade Could Reduce Transaction Fees