Welcome to Japan Web3 Weekly, your 5-minute recap of the Japanese web3 market’s pulse every Sunday! 🚀
*The full version of this article cannot be included here due to character limitations. Please refer to the attached PDF for the complete version.
This week’s spotlight is on Sony Group’s move into Layer 2 chain development. While Sony’s financial subsidiary, Sony Bank, has shown web3-related activities before, this marks the first time Sony Group itself has taken such an aggressive stance. It’s exciting to anticipate how they might leverage the numerous IPs within the group. Personally, I’m hoping for some integration with PlayStation!
1. 🎮 Sony Group Develops Ethereum Layer 2 “Soneium” Using OP Stack
– Sony Block Solutions Labs, a joint venture between Sony Group and Startale, announced the development of “Soneium” on August 23rd.
– Soneium is an Ethereum Layer 2 blockchain built using the OP Stack developed by Optimism Foundation.
– A testnet is planned for release soon, with future plans to utilize it for Sony Group’s S.BLOX crypto asset trading service and other group businesses and IPs.
– Launch partners include Astar Network, Optimism, Alchemy, Circle, Graph Protocol, and Chainlink.
LINK🔗: https://lnkd.in/d6rT3b9B
2. 💱 Mitsubishi UFJ Trust and Banking Corp Group Company Considers Stablecoin Issuance with DMM.com Group
– Progmat, DMM .com, and DMM Crypto announced on August 23rd the start of joint considerations for issuing stablecoins compliant with domestic laws.
– Multiple chains are planned for connection, including Ethereum, with stablecoins to be issued in both yen and foreign currencies.
– The initiative aims to stabilize the price of “SMP,” an original token planned for issuance in 2024 as part of DMM Crypto’s digital economic zone “Seamoon Protocol.”
LINK🔗: https://lnkd.in/gk5REJCs
3. 🗺️ DMM .com’s Web3 Subsidiary Partners with DePIN Project Hivemapper
– DMM Crypto announced on August 19th the start of a joint demonstration experiment with DePIN project Hivemapper.
– Hivemapper is a Solana-based DePIN project where drivers can earn the native token “HONEY” by providing high-precision data using dedicated dash cameras.
– The experiment was selected for JETRO – Japan External Trade Organization ‘s “Inward Direct Investment Promotion Project Cost Subsidy Project” aimed at solving the problem of decreasing driver numbers in taxi and logistics fields.
LINK🔗: https://lnkd.in/gKNGcjKE
4. 🎮 Mobile Online Game Company 株式会社gumi Partners with Sui Foundation for New Blockchain Game
– Sui Foundation will provide partial funding for the development of “Brave Frontier Versus” in collaboration with gumi’s subsidiary gC Games.
– As part of this, some OSHI tokens from gumi’s web3 project “OSHI3” will be migrated from Polygon to the Sui chain.
LINK🔗: https://lnkd.in/gyc8gPxZ
