SONEIUM Token Plans Expand Sony’s Entertainment Blockchain

Sony-backed blockchain Soneium announced plans for a native SONEIUM token on October 26 as it expands into entertainment financing. The Ethereum layer-2 network also outlined products for tokenizing music royalties, characters, and other creative rights but gave no token launch date. Its official announcement described an ecosystem with more than 250 applications spanning music, games, anime, film, and fan projects. The SONEIUM token is intended to connect creators, rights holders, developers, fans, and investors within that network. The project has not revealed the supply of the token, its distribution model, and the time of its creation. The project also mentioned that there has never been any SONEIUM token released. Soneium outlines the economic layer that the planned asset is expected to act as for its larger entertainment ecosystem.

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