Astar Network zkEVM Transition to Sony's Soneium L2
- PHPzOriginal
- 2024-08-24 00:00:10839browse
The Astar Network announced the transition of its zkEVM assets to Soneium L2 thereby bringing new developments and opportunities to the community
Sony Block Solutions Labs, a joint venture between the electronics giant and Startale, is set to launch Soneium, an Ethereum Layer 2 blockchain network, in the coming weeks. The launch will see Astar Network transition its zkEVM assets to the L2 network.
Astar Network zkEVM Transition to Soneium L2
Unveiling the integration in a Feb. 27 announcement, Astar Network stated that its zkEVM will transition to the Ethereum L2 network, Soneium, bringing forth new developments and opportunities.
Through its partnership with the Sony Group, the integration will enable the merging of Astar’s expertise in gaming, entertainment, and finance with Sony’s vast experience in these fields.
This development will further facilitate the integration of Web3 technology into real-world applications, expanding its reach and appeal to a wider audience.
Thus, the growth of Soneium Layer 2 will directly lead to the growth and success of the Astar ecosystem. Revenue generated within Soneium will be reinvested into Astar, ensuring continuous growth and innovation that will benefit the entire community.
Astar Network is undergoing a two-phase evolution – Phase 1 has begun.
We're transitioning Astar zkEVM to @soneium L2, an Ethereum Layer 2 developed by Sony Block Solutions Labs – a joint venture by Sony Group and @StartaleHQ.
This strategic alignment sets the stage for new… pic.twitter.com/k5SzopGRUJ
Ethereum Layer-2 Soneium is a blockchain that has been in development since September 2023. The network aims to address key challenges in blockchain technology, including security, scalability, and decentralization. It also seeks to deliver “user-friendly” practical applications across gaming, entertainment, and finance.
Soneium will be powered by a Superchain ecosystem platform and will leverage Optimism OP Stack technology.
ASTR Price Surges 6% Eyeing Major Utility Boost
The development saw the Astar (ASTR) price surge more than 6% on the Feb. 27 daily chart, moving all the way to $0.75. Investor excitement surrounds the major utility boost for the ASTR token.
Astar’s native ASTR token will play a crucial role within the Soneium L2 network connected using Chainlink's CCIP to a large network of ecosystems. This will further boost interoperability across major Ethereum chains and the Optimism Superchain ecosystem.
Which in turn will lead to greater flexibility and utility to users. The Astar Foundation announced that it would stay dedicated to expanding its mainnet and increasing the utility and visibility of ASTR tokens.
To boost ASTR's application on Soneium L2, the Foundation plans to meet the evolving needs of stakeholders and drive ongoing innovation and value. This strategic partnership with Soneium L2 will unlock new opportunities and benefits for ASTR holders, fuelling expansion in the Web3 space.
Astar shared via Twitter, “We're thrilled to embark on this transformative journey with Soneium, Sony Group, and Startale, marking a new era for Astar.”
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