Soneium to Issue Native SONEIUM Token, Plans Entertainment IP Tokenization

TREE NEWS update: Ethereum Layer 2 network Soneium announced plans to issue a native ecosystem token, SONEIUM, connecting creators, IP holders, developers, fans and investors, with token details and a token generation event to be disclosed later; the token has not yet been issued. Soneium also outlined an on-chain entertainment economy, with Soneium Portal as the discovery and participation platform for IP tokenization projects, starting with Japanese character Moriusa, followed by IP Vault for royalty assets and tokenized IP bonds backed by entertainment businesses, plus a partnership with DayOneDream to bring K-pop concert royalties on-chain.