Sony’s Soneium blockchain partners with Transak for fiat on-ramp services

• Sony’s Soneium partners with Transak for fiat on-ramp into Ethereum Layer 2.
• Gamers can buy and trade NFTs with traditional payment methods on Soneium.
• The partnership aims to drive blockchain adoption in the gaming and entertainment sectors.

Sony Block Solutions Labs, the innovation arm behind the recently launched Soneium blockchain, has announced a strategic partnership with Transak, a leading Web3 payments infrastructure provider.

The collaboration aims to simplify the onboarding process for mainstream users into the Soneium blockchain, an Ethereum Layer 2 network, by enabling the use of traditional payment methods.

Empowering gamers and developers

The partnership is poised to make a significant impact on the gaming industry, a sector already familiar with digital assets and in-game currencies.

By integrating Transak’s payment solutions, gamers can now purchase, transfer, and trade in-game assets and NFTs using traditional fiat currencies. This seamless integration is expected to drive broader adoption of blockchain technology within the gaming community, offering new monetization opportunities for both developers and players.

In the press release announcing the collaboration, Transak’s Co-Founder and CEO, Sami Start, emphasized the importance of the partnership, stating that it underscores the company’s “commitment to bridging the gap between Web2 and Web3, empowering industries such as gaming and entertainment with innovative solutions that enhance user experiences and drive digital transformation.”

A step towards broader Soneium adoption

Soneium, developed by Sony Block Solutions Labs, is built on the Op Stack and is designed to support consumer-grade applications. The network is a joint venture between Sony Group Corporation and Startale Labs, with notable early experimenters like Circle, Optimism, Alchemy, The Graph, Chainlink, and Astar Network.

Sota Watanabe, Director of Sony Block Solutions Labs, highlighted the potential of this partnership, stating that Transak’s dedicated solutions for multiple industries will empower developers to build groundbreaking projects on Soneium.

With Transak’s reach across 160 countries and its support for over 350 applications, the partnership is set to bridge the gap between traditional finance and blockchain technology, pushing the boundaries of what’s possible in the gaming and entertainment industries.