Sony-Backed Blockchain Soneium Announces Plans for Native Token

WHY IT MATTERS

Think of intellectual property (IP) like the ownership rights to a song, a movie, or a video game character. Right now, managing and trading those rights involves a lot of paperwork and middlemen. Tokenizing IP means creating a digital token on a blockchain that represents those rights, similar to how a deed represents ownership of a house. Soneium wants to build a blockchain specifically designed for this purpose, and having its own native token would be like creating a dedicated currency for that ecosystem. Sony's involvement is notable because it is one of the largest media companies in the world, owning major music labels, film studios, and gaming franchises. A native token is the cryptocurrency that a particular blockchain uses to operate — for example, Ethereum uses ETH. For newcomers, this story illustrates how major corporations are exploring ways to use blockchain technology beyond simple payments.