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It's all about the balance. And right now, you know, if IP is freely used by anyone, meme coin, monetized by someone, we will never onboard the mainstream creators on chain. So so I think we are taking the right step.
Hi, everyone. Welcome to Unchained, your know how resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have a comment from Chris, the drummer, on x responding to the recent bits and bits discussion on Tether. He writes, Tether's move to El Salvador just shows how the US is shooting itself in the foot with overregulation. I'm loving the UAE's approach to fintech. Makes me wonder why I'm still in the US. To have your comment featured, write a review of the podcast, or leave a comment on the episode on YouTube or x. This is t
Thank you very much for having me, Lola. I'm a big fan of the unchained.
Oh, thanks. Thanks for listening. Sony launched its layer 2, Sonium, this week. How did Sony decide to launch a layer 2, and how does Sonium differ from other layer twos?
Yeah. I would like to explain the structure of the Sonium first. So Sonium is developed by Sony Block Solution Lab, which is a joint venture between Sony Group Corporation, which is the HQ of Sony, and the starter group. And, I'm director of Sonium. And we kicked off the conversation 2 years ago, and we have researched a lot of blockchain, a lot of the tech stack, migration, you know, accounting tax, or I think almost everything. And we decided to launch a Ethereum layer 2 with Office stack and joining the super chain. And I think one of the most important things as a Web 3 project is to align
And so your layer 2 though, it is a little bit different from other layer twos. So, how would you describe it?
We are making the entertainment layout of the web 3. So, Sony Group is recognized as an entertainment company, such as Sony Pictures, Sony Music, Sony Gaming, and even more. Sony Interactive and Dot m is the gaming department of the Sony Group. And that I think today, we onboarded around 220,000,000 monthly active wallet addresses in a market, but, this is not our address. So I would say we onboarded around 1 or 2% of the human being, so which is not enough. And, Web 3 is already recognized as a finance layer of the next Internet, and that I think our our next market is going to be entertainme
So Sonium hopes to support creator economies and leverage, the connections to Sony's subsidiaries for film, music, and games. So if Sodium becomes widely used someday, then what will that vision look like for creators and their fans?
Creators, funds, and the developers are the most important people in our own on Sonium, and we are here to unleash creativity, to connect the people, and, onboard a lot of the people on chain. And I would like to give you some of the example, which is already public and published by, Sony Group, 2 days ago. The one use case is built by Sony Picture Entertainment, Japan, and the the the company is offering free access to exclusive contents for these who purchase the eligible title on Prime Video, which is Amazon Prime Video. And the customers, customers will be able to join the specific group b
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