Sony, known for iconic products like the Walkman and PlayStation, is now venturing into blockchain technology with its own platform, "Soneium". In July, Sony revealed plans for a crypto exchange to diversify beyond electronics and gaming. "Soneium" is described as the infrastructure backbone for Web3 and will function as an Ethereum layer-2 solution. Sony aims to democratise blockchain access, targeting widespread use and promoting decentralisation. Walkman, Betamax and PlayStation are just some of the developments Sony, the Japanese conglomerate has given us over the years. Now, the company that started out with electric rice cookers in the 1940s, is cooking up its own blockchain, deepening its foray into web3. Related: Revealed: 60% of the Biggest Hedge Funds Hold Bitcoin, Disclosures Show Earlier in July, Sony announced they would launch a crypto exchange, which will expand the company's portfolio beyond electronics and gaming. Now, Sony issued a release late Friday detailing that they are working on a blockchain called "Soneium". And their plans are ambitious, as the statement reads the Sony blockchain is nothing less than "the infrastructure network that forms the basis of Web3". Introducing #Soneium by #Sony Block Solutions Labs building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity.Soneium aims to connect Web3 with everyday internet services, making blockchain technology more… pic.twitter.com/I7zAIbB5Td— Soneium