Sony will promote the on-chainization of its IP assets and plans to establish an investment fund to support the Soneium ecosystem.
Foresight News reported, citing NADA NEWS, that Kazuto Hatano, head of the on-chain business for Soneium, Sony's Ethereum Layer 2 network, stated that Sony's blockchain business is moving from the experimental phase to the business development phase. The former "Advanced Infrastructure Business Exploration Department" has been renamed the "On-Chain Business Strategy Department," repositioning blockchain as a core company strategy. This year, Sony will focus on exploring on-chain applications in the IP sector, leveraging Soneium to build on-chain IP infrastructure for core assets such as music, animation, games, film, and sports. Currently, Sony is simultaneously working on designing relevant legal and regulatory frameworks.
In addition, Sony is preparing to establish a GP/LP-type investment fund to accelerate investment in Soneium-based applications and the entertainment sector by introducing external capital. At present, its incubation program SPARK has received over 2,000 DApp applications, with 23 projects already receiving investment. The Sony ecosystem also includes the cryptocurrency exchange S.BLOX, which aims to connect fiat currency and digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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