Fireblocks Adds Support for Soneium Blockchain

EMBARGO: February 12, 9:00 AM HK Time

Fireblocks, a leading provider of crypto custodian technology, has announced that it is adding support for Soneium, an Ethereum layer-2 network that aims to bridge the conventional internet, or Web2, and the emerging, blockchain-based Web3.

Soneium is a joint venture between Sony and Singapore’s Startale Labs, and it has just started operations in January, with a total value locked (TVL) of $33.6 million, according to DeFeLlama data. It is built with Optimism’s OP Stack to support gaming, finance, and entertainment apps.

Fireblocks is committed to helping Soneium in its vision of creating an open internet that transcends boundaries, said Omer Amsel, Fireblocks’ head of Web3, in a release. “Together, we will provide secure, decentralized digital ownership and experiences to users and creators while offering a safe environment for digital innovation.”

Why is Soneium Important?

Soneium’s layer-2 network is designed to improve scalability, security, and usability for blockchain-based applications. With Fireblocks’ support, Soneium can now offer secure and reliable custody services for its users, making it easier for institutions and individuals to adopt the platform.

Why is Fireblocks’ Support Important?

Fireblocks is a well-established and trusted provider of crypto custodian technology, with many large institutions among its clients, including large banks. By adding support for Soneium, Fireblocks is demonstrating its commitment to the growth and development of the Web3 ecosystem.

Frequently Asked Questions

• What is Soneium? Soneium is an Ethereum layer-2 network that aims to bridge the conventional internet, or Web2, and the emerging, blockchain-based Web3.
• Who is behind Soneium? Soneium is a joint venture between Sony and Singapore’s Startale Labs.
• What is Fireblocks’ role in Soneium? Fireblocks is providing custody services for Soneium, making it easier for institutions and individuals to adopt the platform.
• Why is this important for the Web3 ecosystem? Fireblocks’ support for Soneium demonstrates the company’s commitment to the growth and development of the Web3 ecosystem, and it will help to increase the adoption of blockchain-based applications.

Conclusion

Fireblocks’ addition of support for Soneium is a significant development in the Web3 ecosystem, as it demonstrates the company’s commitment to the growth and development of the platform. With Fireblocks’ custody services, Soneium can now offer secure and reliable custody solutions for its users, making it easier for institutions and individuals to adopt the platform. As the Web3 ecosystem continues to evolve, we can expect to see more developments like this, as companies like Fireblocks and Soneium work together to create a more secure and user-friendly experience for everyone.