bitcoin
Bitcoin (BTC) $ 67,367.05
ethereum
Ethereum (ETH) $ 3,489.89
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 596.60
xrp
XRP (XRP) $ 0.602894
cardano
Cardano (ADA) $ 0.436577
usd-coin
USDC (USDC) $ 0.999841
matic-network
Polygon (MATIC) $ 0.540877
binance-usd
BUSD (BUSD) $ 0.997959
dogecoin
Dogecoin (DOGE) $ 0.137624
okb
OKB (OKB) $ 41.72
polkadot
Polkadot (DOT) $ 6.29
shiba-inu
Shiba Inu (SHIB) $ 0.000018
tron
TRON (TRX) $ 0.135126
uniswap
Uniswap (UNI) $ 7.93
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,405.06
dai
Dai (DAI) $ 0.999355
litecoin
Litecoin (LTC) $ 74.08
staked-ether
Lido Staked Ether (STETH) $ 3,491.95
solana
Solana (SOL) $ 179.34
avalanche-2
Avalanche (AVAX) $ 32.35
chainlink
Chainlink (LINK) $ 14.31
cosmos
Cosmos Hub (ATOM) $ 6.40
the-open-network
Toncoin (TON) $ 7.05
ethereum-classic
Ethereum Classic (ETC) $ 23.52
leo-token
LEO Token (LEO) $ 5.73
filecoin
Filecoin (FIL) $ 4.64
bitcoin-cash
Bitcoin Cash (BCH) $ 388.87
monero
Monero (XMR) $ 163.87
bitcoin
Bitcoin (BTC) $ 67,367.05
ethereum
Ethereum (ETH) $ 3,489.89
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 596.60
usd-coin
USDC (USDC) $ 0.999841
xrp
XRP (XRP) $ 0.602894
binance-usd
BUSD (BUSD) $ 0.997959
dogecoin
Dogecoin (DOGE) $ 0.137624
cardano
Cardano (ADA) $ 0.436577
solana
Solana (SOL) $ 179.34
matic-network
Polygon (MATIC) $ 0.540877
polkadot
Polkadot (DOT) $ 6.29
tron
TRON (TRX) $ 0.135126

Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain

Must Read

The muse behind the layer-1 Fantom Opera blockchain shared Thursday that it is forming the Sonic Basis and Sonic Labs to be the principle our bodies supporting Sonic, a brand new layer-1 blockchain with a layer-2 bridge that connects to Ethereum.

Fantom Opera is its a standalone community that focuses on decentralized finance, whereas the brand new Sonic chain is meant to hyperlink the Ethereum ecosystem with a layer-2 bridge. Sonic could have the “means to withdraw funds on Ethereum independently,” and can generate a proof “for each asset bridged from Ethereum to Sonic chain,” mentioned Michael Kong, CEO of Fantom Basis, in an e mail to CoinDesk.

Sonic might be “significantly superior by way of velocity and safety in comparison with the Fantom chain. Over time, we anticipate that customers and builders will totally migrate to the Sonic chain,” Kong added.

In line with a press launch from the Fantom Basis, Sonic Basis might be liable for the governance of the Sonic ecosystem in addition to its treasury. Sonic Labs will give attention to decentralized purposes and the group for the Sonic community.

The Fantom group additionally shared that when the Sonic chain goes reside, anticipated someday this 12 months, the community could have its personal native token, $S, “which might be 1:1 suitable with Fantom’s current $FTM token after a current governance vote codifying the 2 tokens’ interoperability.”

Alongside the information in regards to the new Sonic entities, Fantom shared that it closed a $10 million funding spherical led by Hashed, which is able to go in the direction of rising Sonic’s ecosystem and product.

Sonic Basis and Sonic Labs is not going to formally begin working till the Sonic chain is up and working.

“I am extremely grateful to our traders for his or her perception in our imaginative and prescient for Sonic and for our devoted group for his or her exhausting work and dedication to making sure a clean rebranding course of,” mentioned Kong within the press launch. “We’ll proceed our legacy of efficacy, transparency, and loyalty to our group on this subsequent stage of the protocol. ”

Learn extra: Fantom Seeks Cash Again From Multichain’s $200M Exploit

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Is web3’s innovative explosion constraining user adoption?

Disclosure: The views and opinions expressed right here belong solely to the creator and don't symbolize the views and...
- Advertisement -

More Articles Like This