Sony Launches the Most Bizarre Blockchain 🤨

Sony’s blockchain, Soneium, recently made its debut, but not without controversy.

❗ Developers can freeze any assets or contracts on the network at will.

What Happened?
On the first day, a wave of meme-coins was hit with bans.
Over $100,000 worth of assets are now permanently locked on users’ wallets.

Even tokens with names like $PS2 weren’t spared — if the price didn’t appeal, it was frozen immediately by developers.
While the feature was likely intended for security, the heavy-handed approach is raising eyebrows across the blockchain community. 👨‍💻

Developers wielding such power over assets on a blockchain certainly raises concerns about decentralization and user autonomy. The incident with Soneium highlights the importance of carefully considering governance mechanisms in blockchain networks to prevent misuse of authority. Transparency and community involvement are key to maintaining trust in blockchain projects.