Kyle Samani, managing partner at Multicoin Capital, believes Ethereum’s recent price struggles stem from structural issues, including broken Layer-2 interoperability and value capture shifting to Layer-2s. He argues that these factors, along with Ethereum’s inherent volatility, make it unsuitable as a store of value, potentially impacting its long-term valuation.
Results for: Layer 2
Sony Group Corp. has launched its own Ethereum-based Layer-2 blockchain, Soneium, marking its significant entry into the world of Web3 technology. This move comes as Sony seeks to explore decentralized systems and capitalize on the growing Web3 landscape, particularly in gaming, NFTs, and entertainment.