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Revolutionizing Interoperability: Sony’s Sonaeum Blockchain Joins Forces with Chainlink for Seamless Cross-Chain Connections

Revolutionizing Interoperability: Sony’s Sonaeum Blockchain Joins Forces with Chainlink for Seamless Cross-Chain Connections

September 12, 2024 Catherine Williams - Chief Editor Tech

Sonaeum Partners with Chainlink to Expand Web3 Capabilities

Sonaeum,‌ an Ethereum Layer-2 (L2) blockchain built to⁤ bring Web3 technologies ⁤to Sony Group’s massive user base, has partnered with Chainlink’s Scale Program.

The development of Sonaeum L2 is‍ a joint effort between Sony Group and ‌StarTale, creating Sony Block⁤ Solutions ‍Labs. Sonaeum aims to leverage the strengths of both companies to provide practical applications in⁢ the entertainment, gaming, and financial sectors.

Sonaeum Joins​ Chainlink to ‌Expand Web3

The Chainlink Scale Program aims to foster sustainable growth of blockchain⁤ and layer-2 ecosystems.‌ It focuses on increasing access to high-quality, yet affordable oracle services. Through this partnership, Sonaeum will gain access to industry-standard Chainlink data feeds, which will be integrated into the Sonaeum Minato testnet.

Sony Block Solutions Labs ⁣developed Sonaeum to solve real-world problems with an innovative approach, and to support the growth and⁤ maturity of the blockchain industry. This collaboration positions Sonaeum to leverage blockchain technology in a⁣ practical manner across a wide range of industries, further advancing the adoption ‍of Web3.

“Soneum is built for⁣ developers, with the ability to​ handle high‌ traffic, ​support complex apps, and provide a seamless onboarding experience. Chainlink’s industry-standard infrastructure provides the best experience for the Soneum ecosystem,” Jun Watanabe, President of Sony Blockchain Solutions Labs.

The Sonaeum team will build the technology infrastructure ​on ⁤top of the⁤ SuperChain ecosystem platform using Optimism’s OP Stack ‍technology, which coordinates multiple chains to improve transaction throughput and efficiency.

Santiment, an on-chain behavioral analytics tool, recently noted that there​ has been a surge in ⁢social media buzz around Chainlink (LINK). Specifically, social media mentions increased, surpassing the previous high in December ‍2023.

“LINK’s⁤ dominance in social media discussions has reached its highest level ⁢in 2024. Combined with the decline in overall holders, this is generally a bullish signal ⁣if the market stabilizes this week,” ⁢Santiment said.

This surge in⁣ buzz can be attributed to ‍Chainlink’s growing integration into various blockchain platforms. ‌At least seven blockchains,‌ including ⁤Arbitrum, Base, BNB Chain, Ethereum,‌ Polygon, Sonic Labs, and Starknet, have announced that they have implemented Chainlink-related integrations‌ or services.

Other integrations include Ambit⁤ Finance, Borderless, Yuler Finance, Zozo‍ Exchange, Sonic, Taddle, and zkRend. Notably, Chainlink’s Cross-Chain Interoperability Protocol ⁤(CCIP) now supports nine blockchains.

“CCIP’s‍ mainnet general availability makes it easier for developers to quickly adopt CCIP as a secure mechanism for cross-chain connectivity,” Chainlink co-founder Sergey Nazarov.

These adoption figures reflect Chainlink’s growing role in the decentralized finance (DeFi) space. As more projects adopt Chainlink’s services, its influence continues to grow, solidifying its position as a key player in the ecosystem.

LINK Price Performance. Source: ‌BeInCrypto

Amid the excitement, LINK’s⁢ price has risen by almost 15% ‌over the ‌past week, currently trading at $10.58. According to BeInCrypto data, the price‍ has risen ⁣by 2.27% since the start ⁣of the session on Thursday.

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