Sony’s Soneium Blockchain Launch Faces Backlash Over Meme Coin Blacklisting
Sony Block Solutions Labs launched its Layer 2 blockchain, Soneium, but faced backlash over the blacklisting of certain meme coins. The Singapore-based subsidiary restricted select tokens, rendering them untradable.
- Sony claims blacklisted tokens violated intellectual property rights
- Users express frustration on social media, alleging Sony's actions serve its personal interests
- Alon, founder of pump.fun, criticized the network for "actively blacklisting" disliked coins
- Kawz, founder of Time.fun, claimed users lost over $100,000 in ETH due to the launch-day restrictions
- No official response from Sony or Soneium regarding the backlash
- Blacklisted tokens reportedly conflict with other projects' branding
- Concerns raised about balancing intellectual property protection and a permissionless network
- Users receive a forbidden prompt when attempting to use affected tokens; potential for lifting restrictions exists if copyright issues are resolved