Fantom Launches Sonic Foundation and Labs for Revolutionary New Blockchain
Fantom Foundation has announced the creation of Sonic Foundation and Sonic Labs, two major entities dedicated to supporting Sonic, a new Layer 1 blockchain connected to Ethereum via a Layer 2 bridge. This initiative marks a significant step forward, with Sonic promising much higher speed and security than Fantom Opera.
Sonic will allow users to withdraw funds directly to Ethereum and will ensure full interoperability with Fantom’s $FTM token. Fantom has also raised $10 million to further develop this ecosystem.
