- Transak has partnered with Soneium, a Layer-2 blockchain solution developed by Sony, to simplify onboarding and monetisation for gamers in the blockchain ecosystem.
- The partnership aims to facilitate mainstream users’ entry into the Web3 gaming space by allowing gamers to buy, transfer, and trade in-game assets and NFTs using traditional payment methods.
- Soneium has quickly expanded by partnering with major Web3 companies, entering the competitive Layer-2 sector of the Ethereum ecosystem, which faces ongoing challenges in interoperability.
Transak, a Web3 payments platform, has partnered with the Layer-2 solution Soneium, which was developed by Sony Block Solutions Labs (and yes, Sony has a blockchain platform).
The collaboration seeks to enhance and streamline onboarding processes for mainstream users into Soneium’s blockchain ecosystem, mainly targeting the gaming industry. This comes just a few days after Soneium was officially launched alongside the Soneium Spark program, which incentivises developers by awarding US$100k (AU$147K) to those who test the network and build applications on it.
Overall, the initiative seeks to attract all types of projects, including general decentralised finance (DeFi), NFTs, GameFi, and Web3. The program will offer resources such as mentorship, technical workshops, marketing support, etc.
Related: Sony Launches Soneium Minato Testnet and Web3 Developer Program, “Soneium Spark”
Sony Dives Into the Web3 Gaming Space
The integration of Transak and Soneium is expected to accelerate the adoption of blockchain technology within the gaming community.
According to the announcement, this partnership explores new monetisation opportunities for game developers and allows gamers to purchase, transfer, and trade in-game assets and NFTs using traditional payment methods. Moreover, users will also be able to access Transak’s network of over 350 decentralised applications (dApps)
Sami Start, Co-Founder and CEO of Transak, emphasised the significance of the collaboration:
This partnership underscores our commitment to bridging the gap between Web2 and Web3, empowering industries such as gaming and entertainment with innovative solutions that enhance user experiences and drive digital transformation.
Sami Start Soneium has expanded its reach quite fast, having partnered with renowned crypto and Web3 companies such as USDC issuer Circle, Oracle network Chainlink, indexing protocol The Graph, and blockchain developer platform Alchemy.
Another L2?
Soneium is the most recent protocol to enter the L2 wars in the Ethereum ecosystem. The L2 sector comprises some of the largest crypto protocols in the industry, with dozens of billions in total value locked (TVL) combined, according to data from L2Beat.
Related: Vitalik Buterin Predicts Imminent Breakthrough in Ethereum Layer-2 Interoperability Challenges
Despite their cumulative value, L2s have faced several challenges throughout their lifespan, one of them is interoperability. Vitalik Buterin, Ethereum’s founder, recently shared several proposals that could enhance cross-L2 interactions, benefiting users and developers.
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