Quick Take

• Sony introduces the Soneium L2.

• Quadratic Accelerator releases its whitepaper.

• Applications open for Optimism Retro Funding 5.

• The next upgrade after Pectra is named Fusaka.

Sony Introduces Soneium L2

Sony Block Solutions Labs introduced Soneium, a new Layer 2 chain built on the OP Stack. Soneium is designed as a general-purpose chain for applications across entertainment, gaming, and finance. The project aims to bring mainstream users into Web3 by integrating with Sony’s existing products and services. Soneium is preparing to launch its initial testnet, providing developers with the opportunity to build on the network. The project is also onboarding infrastructure providers like Chainlink, Alchemy, Circle, and The Graph. The Astar Network, developed by Startale Labs, will also integrate its assets with Soneium. As part of the Superchain, Soneium will contribute to the Superchain Collective, implement shared upgrades, and allocate a portion of its sequencer revenue to retroactive funding.

Quadratic Accelerator Whitepaper

Tokenization platform Quadratic Accelerator released its whitepaper for the Quadratic Acceleration (q/acc) Protocol, a tokenization mechanism that merges Augmented Bonding Curves (ABC) with Quadratic Funding (QF) to create a fair token distribution for new projects. The protocol uses quadratic funding to enable communities to become stakeholders by supporting projects and receiving protocol tokens in return. The Augmented Bonding Curve (ABC) directs revenue from token issuance to a reserve pool and collects a small fee from every transaction to provide a continuous revenue stream for projects. The Quadratic Accelerator is now accepting applications for its first cohort of projects, offering $50,000 in grants on Polygon.

OP Retro Funding 5 Applications

Applications are now open for Optimism’s fifth retroactive funding round. The round features 8 million OP tokens in retroactive grants for contributors of the OP Stack. Eligible projects include Ethereum core contributions, such as clients, OP Stack research and development, and OP Stack tooling. Applications will close on September 5th.

Other News

• Fusaka upgrade after Pecta

• Court rules in favor of Kraken

• EAS introduces Transitive Trust

• Basenames surpass 100k registrations

• DAO.eth subnames

• Ddocs v0.1 updates