LY Corporation firmly denied any business partnership with Soneium concerning its Web3 venture, Line Next. The company clarified that media reports were based on Soneium’s announcement from March 12, 2025.
LY Corporation stated that no business agreement existed between its platform and Soneium. The announcement reiterated that Soneium had permission to reference Line in its statement.
Media Reports and Clarifications
Media outlets reported a partnership between LY Corporation and Soneium based on inaccurate information. Soneium later clarified that its March announcement referred only to exploring integration with the Line ecosystem.
The Soneium spokesperson insisted that the announcement mentioned onchain Mini Apps integration with Line. They maintained that their statement was accurate and provided the necessary context for readers.
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Industry Context and Developments
The dispute arose after various social media posts and news articles hinted at an agreement between the companies. Industry observers noted that both companies are backed by major technology players.
LY Corporation is known for its Web3 efforts, while Soneium is supported by Sony Block Solutions Labs.
Soneium launched its mainnet in January and featured NFTs tied to Amazon Prime Video content. Both companies continue to develop innovative solutions in the competitive digital asset market.
Related Developments for Soneium
In other developments, Sony’s blockchain platform Soneium has launched its first-ever music NFT collection. The new collection features unreleased tracks from Tokyo-based producer NUU$HI. This project is a collaboration with Coop Records, a Web3 music label that focuses on bringing music on-chain.
The release has drawn attention to Soneium as it continues to diversify its blockchain applications. Industry observers believe that the music NFT collection will pave the way for future creative projects on the platform.
Also, additionally, Soneium has announced a new partnership with Animoca Brands aimed at bringing anime to the Web3 space. The partnership is expected to leverage the popularity of Japanese animation and manga to create new digital experiences for fans.
Investor Reaction and Market Impact
Investors quickly reacted to the conflicting reports by scrutinizing official statements from both firms. Many market participants expressed concerns about potential misunderstandings in the evolving Web3 space.
The incident underscores the importance of clear communication in the rapidly evolving digital market. Both LY Corporation and Soneium will likely update their statements to reduce investor uncertainty.
Market watchers remain cautious and will closely monitor future communications from the companies. Clear and consistent updates are essential for preserving trust in the digital asset industry.
Also Read: Sony Launches Soneium Blockchain, Partners See Boost In Activity