Core Insights - Sony has officially embraced Soneium, marking a significant step towards mass adoption of Web3 in Japan [1] - Startale is playing a crucial role in this movement, ensuring that the developments are not just superficial [2] - Soneium will operate as an Optimistic Rollup on Astar, providing high speed, scalability, and low transaction costs for games and entertainment applications [2][4] Market Potential - PlayStation has over 120 million active monthly users, and if 5% engage with Soneium, it could inject billions into Web3 annually [5] - Japan's payment market is valued at over $7 trillion annually, with a potential $70 billion yearly flow on blockchain if just 1% transitions to stablecoins [5] - Early user estimates for Soneium range from 1 to 2 million, with projected annual transactions of approximately 50 million and a total value locked (TVL) of $500 million [5] Strategic Collaborations - Key partnerships include Sony developing the Soneum blockchain, MUFG creating a legal Japanese stablecoin, and collaborations with MetaMask and ConsenSys for wallet access [5][6] - Astar Network is building the smart contract infrastructure and integrating with Polkadot, positioning itself as Japan's smart contract hub [6] Future Outlook - If the collaboration between Sony, Startale, Astar, and stablecoin projects succeeds, Japan could emerge as the main Web3 hub in Asia within five years [6] - Long-term projections suggest that user numbers could exceed 50 million, with annual transactions surpassing 1 billion and a TVL exceeding $10 billion [7]
๐ Sony, Startale, Astar Network (Three Stars) & the Future of Web3 in Japan: A Combination That Could Shake the World