Sony backed Soneium plans native token as it expands into entertainment IP

Sony backed Ethereum layer 2 network Soneium has announced plans to issue a native ecosystem token called SONEIUM as it expands into tokenized entertainment rights and new investment products tied to music, anime, games, and other creative works. Summary Sony backed Soneium has announced plans for its native SONEIUM token, although a launch date and tokenomics have not been disclosed. The network is introducing new investment products that will let creators raise funds through tokenized entertainment IP and royalty arrangements. Soneium will launch its Tokenized IP initiative with Moriusa and plans to bring K-pop concert royalties onchain through DayOneDream. A new Soneium Portal will support IP investments, while the network develops blockchain tools for licensing and automated royalty payments. According to an October 26 announcement from Soneium, the proposed token will connect creators, intellectual property owners, developers, fans, and investors across an ecosystem that already supports more than 250 applications. The company has not announced a launch date for SONEIUM or provided details about its supply, distribution, or token generation event. Its official announcement con...