Sony's blockchain finally announced a token. It has a ticker, a vision paper chapter, and no job description yet.
Soneium, the Sony-backed Ethereum L2, unveiled Tokenized IP today: IP Tokens (Moriusa first), IP Vaults for royalty-backed assets, and IP Bonds putting K-pop concert royalties onchain via DayOneDream.
Follow the Value: Concert royalties go to bondholders. IP upside goes to IP Token holders. Licensing and splits settle by rules the IP owner sets.
And $SONEIUM? Its entire chapter in the vision paper is one paragraph: an "economic layer" that "aligns everyone with its growth." No supply, no utility, no TGE date. A base gas fee adjustment is also "planned."
So the cash flows have a home. The token has a mood board.
All that badge farming bought fans a front-row seat to a ticker. Fair trade, or are they the ones financing the tour?