#Sony Blockchain Faces Backlash#
Hot Topic Overview
Overview
Sony's blockchain subsidiary has recently launched the mainnet of its Ethereum Layer-2 Soneium, aimed at serving content creators and their communities. However, the project has been met with strong opposition related to memecoins. Previously, Bitcoin analysts were inclined to sell Bitcoin at Trump's inauguration, as Trump's campaign promises supporting cryptocurrencies fueled higher expectations, while the usually slow-paced political machinery in Washington brought about reality. However, as the inauguration approached, the appeal of sell-off news waned. The trend of corporations holding Bitcoin is emerging, with companies like MicroStrategy buying Bitcoin being an "overlooked megatrend" and the number of corporate holders "poised to explode" as reputational risk diminishes and new FASB accounting rules are implemented.
Ace Hot Topic Analysis
Analysis
Sony's blockchain subsidiary recently launched the mainnet of its Ethereum Layer 2 Soneium, aiming to serve content creators and their communities. However, the move has been met with strong opposition related to memecoins. Some analysts believe that Sony's blockchain launch is facing a memecoin backlash, which could be related to the conflict between Sony's blockchain technology and the ideology of memecoins. Additionally, some analysts are reconsidering Trump's inauguration strategy, as his campaign promise of supporting cryptocurrencies raised higher expectations, while Washington's typically slow-moving political machine has brought reality. With the inauguration approaching, the allure of selling news has waned. On the other hand, companies like MicroStrategy buying Bitcoin is a "big trend that has been overlooked," and with reputational risk diminishing and new FASB accounting rules coming into effect, the number of corporate holders is "about to explode."
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Soneium, the blockchain subsidiary of Sony, faced strong opposition from memecoins for its mainnet launch.
Bitcoin analysts are reconsidering their Trump inauguration strategies as Trump's campaign promises to support crypto have raised higher expectations, while the usually slow-paced political machinery in Washington has brought reality.
Corporate Bitcoin holding is a “neglected megatrend” with the number of corporate holders “poised to explode” as reputational risk declines and new FASB accounting rules emerge.
Sony’s blockchain launch is designed to serve content creators and their communities.