Sony-backed Soneium to launch entertainment token
6.8 Tech Sony-backed Soneium will launch $SONEIUM to power a tokenized entertainment economy, enabling IP tokenization, automated royalties, and new investment products. Launch details are yet to be announced.
Soneium, an Ethereum Layer 2 blockchain supported by Sony, has revealed plans to launch its native token, $SONEIUM. This move is part of a broader strategy to create a tokenized entertainment economy that connects creators, IP owners, developers, fans, and investors on a unified platform. The Soneium Portal will serve as the hub for discovering intellectual property, issuing tokens, investing, and automating royalty payments through smart contracts. The platform aims to tokenize entertainment assets such as Japanese character franchises, K-pop concert royalties, and music catalog investments. Initial projects include the Moriusa character IP and K-pop royalty tokenization in collaboration with DayOneDream. Soneium also plans to introduce programmable royalties, machine-readable licenses using the ERC-8432 standard, and new investment products like IP Vault and IP Bonds. While the network already supports over 250 applications, details on the $SONEIUM token launch and tokenomics remain undisclosed, with further updates expected soon.
