#Sony's blockchain launch met with opposition#

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Overview

Sony's recently launched blockchain subsidiary, Soneium, which aims to serve content creators and their communities, has faced strong opposition from memecoins. This event has sparked widespread attention and has also led to a rethinking of the strategies surrounding the inauguration of Donald Trump. Some analysts previously argued that Trump's campaign promises to support cryptocurrency would lead to higher expectations, therefore suggesting selling Bitcoin on January 20th during the inauguration. However, as the inauguration approaches, the allure of the selling news has diminished. Meanwhile, the trend of businesses holding Bitcoin is on the rise, with companies like MicroStrategy buying Bitcoin being considered a "neglected megatrend".

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Analysis

Sony's recently launched blockchain subsidiary, Soneium, aimed at serving content creators and their communities, has faced strong opposition from memecoins. This event has raised questions about Sony's blockchain strategy. Some analysts believe that Sony's blockchain projects may struggle to attract users because memecoins have already captured market share and enjoy stronger community support. Additionally, Sony's blockchain technology also faces competition from other major tech companies like Facebook and Google. While Sony boasts a strong brand influence in gaming and entertainment, the success of its blockchain projects remains to be seen.

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Sony's blockchain launch faces strong opposition from memecoins

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Bitcoin analyst reconsiders Trump inauguration strategy

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Corporate Bitcoin ownership is a 'neglected megatrend'

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The number of corporate holders is 'about to explode'

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