As a seasoned crypto investor with a keen interest in decentralized technologies and blockchain projects, I’m particularly intrigued by Sophon’s recent funding announcement. With a background in artificial intelligence and gaming, two high-throughput sectors that could significantly benefit from zkSync’s hyperchain technology, I find the potential of this project quite exciting.
In under a week, the entertainment-centric zkSync sidechain named Sophon has garnered approximately $60 million through its node sale.
In a recent announcement to CryptoPotato, it was disclosed that an additional $60 million will be incorporated into the $10 million previously raised about a month ago. This funding round was spearheaded by prominent cryptocurrency firms such as OKX Ventures, Huobi Ventures, Spartan, and SevenX.
Sophon Raises $60M
I, as a researcher, would describe Sophon as follows: I am a modular blockchain project that utilizes zkSync’s advanced hyperchain technology. My primary focus is on high-throughput industries such as artificial intelligence and gaming. The founding team behind me includes Sebastien, a former head of decentralized finance at zkSync, and Pentoshi, a well-known figure in the Crypto Twitter community. We are anticipated to launch in Q3 2024 simultaneously with zkSync’s Hyperchain toolkit.
The founders of Sophon put up for sale a network consisting of 200,000 interconnected nodes, organized into various levels. Their goal was to generate around $60 million through the sale of wrapped ethers (WETH). They successfully achieved this within a week of initiating the sales.
When zkSync implements proof-of-authority for hyperchains, node operators will have the opportunity to manage the Sophon sequencer and strengthen the network’s decentralization. In return, they will receive compensation in the form of Sophon’s native token, SOPH.
As a researcher studying the latest developments in the field of artificial intelligence and blockchain technology, I’m particularly intrigued by the Sophon Hyperchain’s mission. This innovative platform is committed to creating an engaging, productive, and secure environment using Zero-Knowledge (ZK) tech for AI applications, gaming, and beyond. The Sophon team’s impressive track record positions them as leaders in the zkSync ecosystem. Furthermore, several projects are set to debut on their network.
SOPH Airdrop Requirement
At the debut of Sophon (SOPH), users will acquire this new token via an exclusive airdrop. In order to obtain SOPH allotments, market participants need to lock up their cryptocurrency assets as collateral. Among the assets accepted for staking are BEAM, the native token from privacy-centric Beam Network, and ZENT, the native digital asset of gaming platform Zentry.
Regarding the amount raised thus far, Sebastien expressed: “With my decision to establish Sophon, opting for the ZK Stack was an intuitive choice for me. Given my extensive familiarity with this product compared to other available stacks, I am confidently building for the future instead of being anchored in the past. I believe that in the ensuing years, the design and infrastructure choices made by Matter Labs will appear self-evident when we look back.” He further assured his commitment to collaborating closely with the talented Matter Labs team.
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2024-05-08 16:06